The North County Fire Protection District board of directors agreed to fund the Station Five construction project at their May 25 board meeting. The new structure will be located very close to the intersection of State Route 76 and Olive Hill Road in Bonsall.
At the meeting, the board agreed to approve the funding option for the construction of Station Five by using 50 percent of the District’s facility reserve funds and the remainder from a loan. The approval freed 50 percent of the funds in reserves to be spent in the 2010-2011 year for the construction project.
District staff had put together a proposal that included funding the project with a combination of the district’s facility reserves and loan funds. In prior meetings, the district board had asked staff to create two amount options, one that used 30 percent of the facility reserve funds and one that used 50 percent of the funds.
After looking at a number of different funding options for the project, district staff found that the option that will provide the most flexibility and is the least expensive is through the Municipal Financing Corporation.
According to the meeting agenda, the district had secured similar funding from this company in the early 1990s to build facilities. The district has been previously approved for a loan in the amount of $1.5 to 3 million dollars for the project, which would be available in approximately 30 to 45 days from the completion of an approved application.
Currently, the district has $2,053,538 in its reserve account, with an additional $100,000 being proposed in the 2010-2011 budget.
According to District Chief Bill Metcalf, the new station, which will house an ambulance and a fire engine, is a top priority for the district.
“The current site for Station Five is unsafe,” stated Metcalf. “It’s literally falling apart and is inadequately sized for parking. The location we have selected is closer to the SR76 and Olive Hill intersection, giving better access to both the east and west sides of SR76.”
Metcalf also stated that the district will be able to finance the construction through mitigation fees that will be obtained by developments in the area.
“We will have sufficient revenue without having to impact our annual operational budget, and will have little to no impact on our daily budget,” he said.
With the board of directors’ approval for the budget, funds are now available for design development, site and building engineering, preparing construction documents and building permits. Once these are completed, staff along with the architect can develop a request for proposal for building construction.
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