South Jordan authority held hearings on up to $27 million in lease revenue bonds for a new fire station

Decisions at a glance

Agenda, item by item

1. Item G.1-G.2 · Budget

   Public hearings: up to $27 million in lease revenue bonds, Series 2026

   Pending

   The Municipal Building Authority would issue up to $27 million in lease revenue bonds to pay for acquiring and building a new fire station and related improvements, including part of the fire training facilities located offsite, plus a debt service reserve and issuance costs. The notice says the city would be the lessee, with average annual lease payments of about $1,732,500 over a term of up to 26 years.

   • Bond$27.0 million New fire station and related improvements, part of fire training facilities, reserve and issuance costs (maximum). Paid from City lease payments of about $1,732,500 a year, term up to 26 years
   • Presented by CFO Sunil Naidu
   • Maximum term: 26 years

   Follow New fire station lease revenue bonds in the development tracker →

2. Item F.1 · Presentation

   Presentation: Sandbox Theater

   Discussed

   Recreation Director Janell Payne was scheduled to present on the Sandbox Theater. The materials list only the title.