The Auburn City Council approved the issuance of general obligation bonds in the amount of $37.09 million to finance two Auburn City Schools facilities projects — overhauls to the Cary Woods Elementary School and Drake Middle School campuses — at its meeting this week.
The bonds were sold to the city at $37.09 million over 30 years, though with high scores from two rating agencies as well as successful agency site visits, Auburn will receive spending power of about $41 million for the facilities improvements.
The 30-year maturity bond has a fixed interest rate of 3.21 percent, according to Bob Young, of Frazer Lanier Company, who addressed the council at its meeting to provide information about the bond issuance.
Also at its meeting, the council approved a professional services contract with architects Seay, Seay and Litchfield — the firm that also designed the new Public Safety Facility — for services for Fire Station No. 6 at a cost of $231,000.
The new station will sit on 2.62 acres of property at the intersection of West Farmville Road and Miracle Road — property purchased by the city in August for $90,000.
The location will provide quick response times to areas that include Camden Ridge and the Preserve Subdivisions, as well as North College Street, Tuscany Hills and the Heath Road area, according to a memo written by Public Safety Director Bill James in August.
Just more than $3 million has been budgeted for fiscal year 2021 for the construction of the new station.
In a memo provided to City Manager Jim Buston from James in September, it was noted that city staff has been working with Seay, Seay and Litchfield to develop a basis for a design for Fire Station No. 6.
Another project is also moving forward after approval from the council this week — intersection improvements to East University Drive and Shug Jordan Parkway. The project received only one bid and was approved at $723,594, which Buston said is high due to the scope of the project increasing and a high demand existing for contractors in the area.
The project will include widening Shug Jordan parkway to accommodate a southbound left turn lane, widening University Drive to create a northbound right turn lane and installing a traffic signal.
Councilman Kelley Griswold voted in opposition to the project and expressed the city could delay the project and try rebidding at a later date.
At its meeting, the council also:
• Renewed an Ambulance Service Agreement with East Alabama Healthcare Authority for emergency response, rescue and ambulance services at a cost of $375,476.
• Approved the city's annual contribution of $50,000 to the Gogue Performing Arts Center.
• Approved its next-to-last easement for a Multi-Use Path project along Martin Luther King Drive, which will extend from Webster Road to Shug Jordan Drive Overpass.
The city has one more easement to acquire for the project and is also waiting on the Alabama Department of Transportation. ALDOT is in charge of the construction of the project and providing partial funding for the path.
For more information on the Auburn City Council and to view its meeting materials or agendas, visit www.auburnalabama.org/city-council.