The City Council agreed today to let Mayor George Schloegel check interest rates on $$4 million in bonds for a new municipal building, but noted some members are opposed to actually issuing the bonds with all the pressing needs in the city.
Schloegel said he wants to look into borrowing money before year's end because of low interest rates. The council voted 5-2 to let the mayor proceed, but with no guarantee members will vote to actually issue the bonds.
The administration wants to build a municipal complex next to the new public safety center downtown and use revenue from the lease of other city buildings to repay the loan.
Councilmen Ricky Dombrowski and Truck Casey opposed authorization.