Three separate county construction projects will be combined into one bond issue to save money on financing costs.
On Saturday the board unanimously approved up to $15 million in bonds to fund the last phases of the Cherrydale Fire Station 3 project ($7.5 million), the initial construction of the Arlington Mill Community Center ($5 million), and the construction of a new park at the Buckingham Village 1 apartment complex ($850,000).
The projects were previously approved as part of the county’s Capital Improvement Programs.
“Arlington is fortunate to be able to continue its investment in critical facilities and infrastructure, even during hard economic times,” Board Chairman Jay Fisette said in a statement. “Our sound financial practices and balanced smart growth approach are allowing us to follow through on long-standing commitments to our community.”
The new Cherrydale fire station is expected to open in summer 2011. The $7.5 million needed to fund the final construction phases is $5.5 million less than originally anticipated. Construction bids for the project were well below estimates, county officials said.