Fire station expansion financing finally advances in Woodworth

By JIM BUTLER

Rainy day record reading again:

Minutes of a meeting earlier this month reflect Woodworth is proceeding with financing fire station improvements.

Essentially the town council voted to refinance a 2014 $620,000 bond series to fund station expansion. 

The Sales Tax and Refunding Bonds will be secured and payable by revenue from sales taxes approved in 1997 and 2013 for fire protection and related services.

James Walker LLP Bond Counsel of Baton Rouge has been retained to shepherd the issue through the necessary steps, including State Bond Commission approval.

Government Consultants Inc., also of Baton Rouge, has been retained as financial advisor to the town in connection with the issue.