USDA providing $485K loan to city for its construction
Christopher Maher, Alice Echo-News Journal
The City of San Diego has received final approval for plans for a new city hall, and construction is expected to begin on the new facility before the end of the year.
San Diego Interim-City Manager Ernesto Sanchez confirmed Friday the United States Department of Agriculture has approved the design of a new city hall for San Diego, freeing the way for funding from the USDA.
The USDA is providing a $485,000 loan to the city for the construction of the new city hall. That loan will be paid back over the next 40 years.
During the city's next meeting, on Sept. 12, the council is expected to authorize the issuance of certificates of obligation for the $485,000.
Those certificates of obligation will then be paid back through the city's general fund over the next 40 years.
"It will be paid back through the general fund, it won't have anything to do with the city tax," Sanchez said.
Following that meeting, Sanchez said the city will request bids for a contractor to construct the new city hall, and that process should take another six weeks.
Once the contractor is selected by the council, Sanchez said construction could begin within two weeks.
"I would say around February or March, we should have a new city hall," Sanchez said.
"It's been almost three years. It's been a long haul."