City Council approves $93M bond issuance for parks and public safety projects

Roswell City Council has taken a significant step towards enhancing community infrastructure by approving a resolution for the issuance of general obligation bonds during a special meeting on June 30, 2025. This decision will facilitate the allocation of $93.4 million in bond proceeds aimed at funding critical public safety and parks and recreation projects.

Chief Financial Officer Bill Gottschall presented the details of the bond issuance, which follows a successful voter approval in November 2022 for a total of $179.6 million across three key areas: public safety, parks and recreation, and a parking deck. The council had previously issued $86.2 million in bonds in April 2023, and this latest tranche will complete the funding for the projects outlined in the original ballot.

The bond offering process commenced on the same day as the meeting, generating an impressive 14 bids—far exceeding the expected 8 to 10. The interest rate for the bonds was set at 4.39%, lower than the anticipated 4.5%, indicating strong market interest and favorable conditions for the city.

The approved budget amendment will allocate approximately $66 million for parks and recreation initiatives, including the development of bicycle and pedestrian paths, while $29.2 million will be directed towards public safety projects. This funding is expected to enhance community safety and recreational opportunities, reflecting the council's commitment to improving the quality of life for Roswell residents.

The council's decision marks a pivotal moment in the city's ongoing efforts to invest in essential services and infrastructure, with the expectation that these projects will be implemented efficiently and effectively in the coming months.