ASSEMBLY AGENDA/MANAGER'S REPORT
THE CITY AND BOROUGH OF JUNEAU, ALASKA

Resolution 2948 A Resolution Providing For Interest Rates For The Hospital Revenue Refunding Bond Being Issued Through The Alaska Municipal Bond Bank.

MANAGER'S REPORT:

On April 26, the Assembly adopted Ordinance 2021-15 which authorized the refinancing of several bond issues through Alaska Municipal Bond Bank Authority. This resolution delegates to the Manager the authority to approve final interest rates for the refinancing of the Hospital Revenue Bond. Savings from the refinancing over the remaining life of the bond are expected to be approximately $1,054,768.

RECOMMENDATION:

The City Manager recommends the Assembly adopt this resolution.