The Lockwood Fire District Board of Trustees has unanimously approved the construction of a new fire station to be located on fire district property at 501 Johnson Lane.
This full service fire station will be approximately 26,000 square feet in size at an estimated project cost of $4 million, a news release said.
The fire district will fund the project with capital improvement funds that were saved specific to the fire station, general budget funds, proceeds from the sale of the current fire station located at 3329 Driftwood Lane and financing from a yet to be identified local lending institution.
The fire district will not be asking district taxpayers to pass a special levy or bond for financing this project, the news release said. The fire district anticipates completion of the project within 18-24 months.
The plan for building the new fire station has been in the fire district’s business plan for the past six years as the fire district has outgrown the current facility.
Trustees felt that the combination of money that has been saved in the district’s capital improvement fund along with historically low interest rates made this a viable time to approve and begin this project, said Fire Chief William Rash.