How did the City pay for the building?

The entire project is budgeted at $20.0 million.  In 2019, the Council decided to move forward with $12 million of funding from existing City resources (which had been set aside for this purpose) and $8 million of funding from long-term debt through the issuance of Councilmanic bonds, also known as Limited Tax General Obligation bonds (LTGO). 

 LTGO bonds are repaid using existing City revenues, and have not increased property taxes.  

The proceeds from the LTGO bond sale funded the purchase of the Harrison building.

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1. Why is the City seeking to build a new police and municipal court building?
2. Why did the City choose Harrison as the site?
3. How did the City arrive at the $8.975 million purchase price?
4. Did the purchase of the Harrison building include medical equipment?
5. How did the City pay for the building?
6. What is the current estimated cost of the Police/Court Facility?
7. Did the City overpay for the building?
8. Why is the Council now discussing the costs?
9. What’s the status of the project?
10. What happens if the Council decides to put this project on hold?