Fire bay lease revenue bonds
Lease revenue bonds of up to $750,000 to finance a fire bay and related improvements, with a $250,000 state grant commitment. A public hearing is set for Nov. 10.
Proposed
- Type
- Public project
- Location
- Wellington
- Next hearing
- City Council, Nov 10, 2026
- Applicant
- Municipal Building Authority of Wellington City
- Next: City Council hearing
- City Council: Public hearing on lease revenue bonds for a fire bay
In brief
Fire bay lease revenue bonds appears on one recorded agenda: the City Council meeting of November 10, 2026.
It is scheduled for the City Council meeting of November 10, 2026.
Follow the money and project delivery
Fire bay lease revenue bonds
- Council action
No approval or denial linked in the records collected.
- Money in the record
No itemized amount linked in the records collected.
- Signed agreement and payments
Execution and project-level disbursements are not verified by this tracker. They require separate records; meeting approval alone does not establish either.
- Work and operating costs
Check the linked records for completion and recurring operating costs; this tracker does not verify them. Record →
Every hearing and vote
November 10, 2026 · City Council
Public hearing on lease revenue bonds for a fire bay
Pending
The Municipal Building Authority intends to issue lease revenue bonds of up to $750,000 at a rate not above 1.00 percent for up to 35 years, sold at no less than 99 percent of principal. The security is the fire bay and related improvements to be acquired. At the maximum, the amount repaid would be about $871,600. A $250,000 Community Impact Fund Board grant covers part of the project and no taxes are pledged. The hearing takes input on the bonds and the economic effect on the private sector, and residents have 30 days to contest the legality of the bond resolutions.
- Maximum rate: 1.00%
- Maximum term: 35 years
- Maximum total repayment: about $871,600