Quincy Park District moves forward on new office facility
Thu, 10 May 2012 03:30:57 GMT —
Story by Kevin Payne with WTAD.
The Quincy Park District board has approved letting bids for bonds to pay for purchase and renovation of a new office facility.
The purchase of the former Bayview Cafe/Riverview Hall building at 1131 Bonansinga Drive was approved by the park board in April. At Wednesday's meeting commissioners agreed to let bids for $900,000 in general obligation bonds, to be paid off over 10 years.
Board president John Frankenhoff, who was re-elected to that position earlier in the meeting, says the bonds will not increase the district's tax or funding needs.
"This will in effect keep the tax rate flat, plus we have Westview bonds from 1997 that will be paid off in October. So residents of the city should not see any sort of tax increase as a result of this purchase."
The board also created a renovation fund. Frankenhof says money left from other projects will go in that fund, including $75,000 from the state.