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Council passes bond series, hires firm for Armory

With two aldermen and Mayor John Pritchard absent from last night’s meeting, Galesburg City Council members approved 5-0 a 20-year bond series which will now allow the city to get started on $10.7 million in infrastructure and capital improvement projects that have been backlogged.

$9.6 million in bonds were bid on final review. Galesburg will now pay a 2.97% interest rate through 2035.

With last night’s approval, City Manager Todd Thompson says starting on improvements has been a long time coming. He tells WGIL the list of prioritized projects is still in the works.

“We’re still working out the phasing of that, but it will likely be Fremont, Seminary related work as well as brick streets and a little bit of work on planning for the armory to see if that is going to be a project that actually occurs or not,” Thompson says.

Speaking of the armory, various council members commented on what role the building will have moving forward in the capital improvement process. 5th Ward Alderman Peter Schwartzman said he thinks focusing too much on the armory could be unhealthy.

“I say that in part because I have been an open supporter of at least looking very carefully at the armory, but not certainly throwing money into to it that either is wasted or not wanted.”

Aldermen approved hiring a Peoria firm for just under $20,000 to begin the early stages of a $28,000 cost study on the building. Council will wait for results before moving forward any further.

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