Rolling Meadows officials Tuesday unveiled renderings of the city's two new fire stations and an updated budget estimate -- $13 million -- for how much the relocation plan will cost.
That dollar amount is $4 million more than estimates developed at least five years ago, city officials said. City Manager Barry Krumstok told aldermen at a committee of the whole meeting Tuesday night that the price of acquiring land for the two stations was more than predicted, along with the expected cost of stormwater detention. Another higher expense is for a vehicle exhaust system that will be installed at the stations, Krumstok added.
The city plans to pay for the project by issuing general obligation bonds. Preliminary plans discussed Tuesday involve borrowing $13 million for the fire stations and another $2 million to $7 million for roads and utilities citywide.
Under one scenario, the city could do a $10 million bond issue this year, and another $5 million to $10 million issue next year, according to Finance Director Melissa Gallagher.