ITEM TITLE:
Report - General Obligation Bonds Series 2027
SUBMITTED BY: Jordan Nelson, Finance Director
FISCAL NOTES:
Expenditure Required: n/a
Unencumbered Balance: n/a
Funding Source: n/a
RECOMMENDATION:
Receive and file
SUMMARY STATEMENT:
Timetable related to City of Valdez General Obligation Bonds Series 2027. Pursuant to City of Valdez 2027 Budget Public Work Sessions the direction from City Council is to pursue financing via general obligation bonds for four projects early in 2027 by special election.
The four projects are:
• City Baler Facility
• Rural Roads Phase 1
o (includes paving Corbin Creek Subdivision)
• Valdez Container Terminal Waterline Infrastructure
• Reimbursement of Pavement Management Ph IV-V
o Meals Ave paving