Fire training center and Public Safety building remodel
Fire training facility and improvements to the public safety complex, financed with up to $11 million in series 2024 sales tax revenue bonds authorized by parameters resolution May 28, 2024. A public hearing was held July 9, 2024 with no comments.
Approved
- Type
- Public project
- Location
- Orem
- Applicant
- City of Orem
- City Council: Public hearing on sales tax revenue bonds, series 2024
- City Council: Sales tax revenue bonds, series 2024 (parameters resolution)
In brief
Fire training center and Public Safety building remodel appears on 2 recorded agendas, from the City Council meeting of May 28, 2024 to the City Council meeting of July 9, 2024.
On record, it was approved once.
The most recent decision was approved (5-0) at the City Council meeting of May 28, 2024.
Follow the money and project delivery
Fire training center and Public Safety building remodel
- Council action
Approved: Sales tax revenue bonds, series 2024 (parameters resolution) · Approved minutes Record → · May 28, 2024
- Money in the record
bond: $11.0 million — Fire training facility and public safety complex improvements (maximum) Record → · July 9, 2024
- 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
July 9, 2024 · City Council
Public hearing on sales tax revenue bonds, series 2024
No action
Finance Director Brandon Nelson said the council began the issuance process May 28 when it authorized up to $11 million in bonds to build a fire training facility and improve the public safety complex. The hearing, which also took input on any economic impact on the private sector, drew no comments.
May 28, 2024 · City Council
Sales tax revenue bonds, series 2024 (parameters resolution)
Approved · 6-0 with the mayor
The council adopted a parameters resolution authorizing sales tax revenue bonds of no more than $11 million, with a maximum of 21 years, a maximum interest rate of 5.5 percent and a maximum 3 percent discount, letting the mayor, city manager or finance director finalize terms within those limits. The mayor confirmed the bond is for a fire training center and a Public Safety building remodel. Financial advisors from LRB and bond counsel from Gilmore and Bell presented. A public hearing is set for July 9, 2024.