Item Coversheet

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

Ordinance 2020-40 An Ordinance Authorizing the Issuance of General Obligation Bonds in the Principal Amount of Not to Exceed $15,000,000 to Finance Capital Improvements to the Facilities of the City and Borough, and Submitting a Proposition or Propositions to the Voters at the Election to Be Held on October 6, 2020.

MANAGER'S REPORT:

This ordinance would send a bond package to the voters to consider in the municipal election on October 6, 2020. As currently drafted, this ordinance would send one general obligation bond proposition of up to $15 million for the following types of municipal infrastructure projects:

  • Approximately $5 million for critical repairs to schools, including roof replacements;

  • Approximately $5 million for repairs and capital improvements to municipal parks; and

  • Approximately $5 million for construction of the extension to West Douglas Pioneer Road.

The Assembly Finance Committee discussed this matter on July 8, 2020.

RECOMMENDATION:

The Manager recommends the Assembly introduce this ordinance and set it for public hearing at the next regular Assembly meeting.

ATTACHMENTS:
DescriptionUpload DateType
Ord 2020-407/17/2020Ordinance
McDowell Group Memo re: CBJ Infrastructure Projects Economic Impact Analysis7/17/2020Cover Memo