Wednesday, January 22, 2014
Sullivan’s Island Town Council approved an ordinance to solicit a $4.1 million general obligation bond Tuesday at its council meeting at Town Hall.
The money will be used to build a new two-story building, which will house town hall and the police station together behind the fire station on Middle Street. Friday, the town will meet 9 a.m. at Town Hall to discuss design options for the new municipal building, as well as renovation plans for Stith Park that include restrooms and field improvements.
“The next phase is to get the community involved,” Sullivan’s Island Mayor Mike Perkis said. “We need the community to come to the meetings and give their feedback about the actual design plans and share their ideas about what they want the building to look like.”
The money will also be used for other capital projects like improvements to the town’s sewer systems and a new ladder truck for the fire department.
The 12-year bond will be paid off through a combination of saving and operating expenses, town property sales and millage increases. The town began working Wednesday to gather and consider bond offers from roughly 25 lending institutions. Perkis says Sullivan’s Island plans to have the money secured by February.