RALEIGH — The Local Government Commission approved Raleigh’s requests to issue $221 million in bonds for a 17-story City Hall and public safety buildings during its monthly meeting on Feb. 4.
The Local Government Commission (LGC) voted to approve $120 million in limited obligation bond anticipation notes for Raleigh’s City Hall as well as fire, public safety and administrative building improvements.
A second approval authorized $101 million in limited obligation bonds to refinance a 2024 installment financing agreement for the East Civic Tower project and other municipal projects, replacing a variable rate loan with a fixed rate. Another $18.5 million in limited obligation bonds was also approved to refund a 2016 bond series used for a fire station and performing arts center improvements…