The Grove Hill City Council voted Teusday to proceed with building a .137 million to construct a new fire station on a lot facing Church Street to the south of City Hall. The council contracted with the investment banking firm of Frazer Lanier for a bond issuance for the project. The term will be for 20 years with an interest rate of 3.876490%. Payments will be ,333 a month or 9,996 a year. Over 20 years that is just under .2 million. Area banks and other financing sources were considered but it was decided this was the better route than...

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