St. Charles Voters to Consider $15.7 Million in Bonds
St. Charles will ask voters to approve issuing three propositions in general obligation bonds for a new fire station, public works building, and city parking garage repairs.
St. Charles is planning to build a new fire station, a public works building and make major repairs to the aging city parking garage. The $15.7 million in projects will be paid for with general obligation bonds, if voters approve the propositions on Tuesday. Council members say the projects are necessary to complete and will be done even if residents fail to pass the $15.7 million in propositions. The three propositions are: City Administrator Michael Spurgeon said using general obligation bonds will allow the city to save $1 million during the 20-year life of the bonds. Should residents fail to approve the propositions, the city would seek a different financing method, which could cost more money in the long-term. Spurgeon said the …
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