ITEM TITLE:
#19-11 - Providing for the submission to the qualified voters of the City of Valdez, Alaska the question of incurring general obligation bonded indebtedness in an amount not to exceed $16,000,000 for the design and construction of a new fire station, together with all necessary appurtenances, equipment and facilities in connection therewith, and the relocation and repurposing of facilities which are pre-existing at the new fire station site.
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: n/a
Unencumbered Balance: n/a
Funding Source: n/a
RECOMMENDATION:
Approve Resolution authorizing May 7th ballot measure
SUMMARY STATEMENT:
• This resolution authorizes the inclusion of a bonded indebtedness ballot measure on the May 7, 2019 General Municipal Election ballot.
• The resolution reflects 50% project design estimates and council direction from the March 7th meeting regarding other outstanding questions identified by staff.
• The Resolution has been reviewed by City Clerk, Bond Counsel, and City Attorney prior to publication.