Dothan city commissioners plan to have a deeper conversation about creating a public building authority for the city.
The possibility was pitched by Dothan City Manager Kevin Cowper during Tuesday’s meeting of the Dothan City Commission. Cowper said a public building authority would operate similar to a downtown redevelopment authority or an industrial development authority.A work session could be held before the end of the year so city commissioners can discuss at length how such an authority would work.
Public building authorities are outlined by the Code of Alabama and generally provide buildings and other facilities for use by a city, county or other public use. Such authorities can purchase or construct buildings and act as a “financial conduit” for the city by issuing interest-bearing revenue bonds to raise money for building construction. The city leases buildings from the authority, and those lease payments are used to pay down any debt associated with a public building.
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