The new plant would be financed with a 20-year loan at less than 1 percent interest, and the city’s total debt load would rise to around $200 million. It also depends on steady growth in coming years.
palm coast finances
Chris Quinn’s calm, clear and generally jargon-free presentations are familiar to followers of the city council, especially during the laborious months of budget season.
City Manager Jim Landon says he’s “not convinced the community is ready for it,” but he’s sticking by a timeline that would have city hall construction beginning in summer and occupancy in late 2012.
Though it has $10 million to build a city hall, Palm Coast claims poverty when it comes to improving Holland Park, the city’s busiest. Residents aren’t happy.
The traffic cameras generated $1.7 million for Palm Coast since 2008. Most of that money will now go to a private company and to Tallahassee, while the cameras keep snapping.
Palm Coast’s flush years are over, yet City Manager Jim Landon and the council are still high on a new city hall and a water desalination plant.