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September 16, 2014, 6:27 am
970 WMAY News

Springfield Passes $4 Million Loan for Vehicles


Springfield aldermen have approved an emergency request for a four-million-dollar bond issue, which will allow the city to purchase as many as 40 new vehicles.

 

Mayor Mike Houston’s office says fast action was needed to take advantage of unusually low interest rates.

 

The money will pay for two new firetrucks, 20 unmarked Springfield police cars, and vehicles for the Public Works Department.

 

Before passing the loan, aldermen passed two amendments. One would require all purchases from the approved fund to come before the city council for a vote.  The other amendment would force the funds to be spent within a year.

 

Ward 1 alderman Frank Edwards was the lone no vote.

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