Item Coversheet

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

Ordinance 2020-40(b) 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 street infrastructure and building maintenance repair and energy efficiency projects. 

The Assembly Finance Committee discussed this matter on July 8 and July 23, 2020. This ordinance was introduced at the July 20, 2020 Special Assembly meeting. Version (b) of this ordinance reflects the changes made by the Assembly Finance Committee.

 

RECOMMENDATION:

The City Manager recommends the Assembly adopt version (b) of this ordinance.

ATTACHMENTS:
DescriptionUpload DateType
Ordinance 2020-40(b)7/31/2020Non-Code Ordinance
McDowell Group Memo re: CBJ Infrastructure Projects Economic Impact Analysis7/21/2020Miscellaneous