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Ottawa looking to borrow money for HVAC improvements

Posted by wlpo on January 20, 2016

It’s always good to hear your city is keeping its facilities up-to-date, but it’s not so good to hear you could be the one paying for it.

The Ottawa City Council heard public comments Tuesday night about their plan to take on more than $1.3 million in debt for city projects. Specifically the city plans to issue bonds that will be paid with taxpayer money.

Councilman Wayne Eichelkraut says the city will raise the money by issuing bonds that will be used for “specific purposes”. One of the projects is replacing the heating and cooling system at the Ottawa Police and Fire Station which will cost about $450,000.

The bond is still in the planning stages so exactly how much you’ll be paying isn’t known yet.

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