ASSEMBLY AGENDA/MANAGER’S REPORT
THE CITY AND BOROUGH OF JUNEAU, ALASKA
Special Assembly Joint Meeting with the Planning Commission
Monday, October 28, 2013, 6:00 p.m.
Assembly Chambers – Municipal Building
Special Meeting No. 2013-27
Submitted by: Kimberly A. Kiefer
City and Borough Manager
I. FLAG SALUTE
II. ROLL CALL
III. CONSENT AGENDA
A. Resolution 2666
A Resolution Providing For Interest Rates For The General Obligation School Bond Being Issued Through The Alaska Municipal Bond Bank.
On October 30 & 31, 2013 CBJ is scheduled to sell, via the Alaska Municipal Bond Bank (AMBB), approximately $8.1 million in General Obligation ten-year school bonds. The issuance of the bonds was authorized by the Assembly in Ordinance 2013-24, adopted September 23, 2013. The final Assembly action, per CBJ Charter, related to these bonds is to “prescribe” (set/accept) by resolution the interest rates and annual principal maturity dollar amounts.
CBJ legal counsel, K&L Gates, has prepared Resolution 2666 to adopt the interest rates, via delegation to the City Manager, and set other final bond sale terms. Schedule A of the resolution list the years and amounts when the bonds will mature and sets the maximum interest rates authorized. The aggregate interest cost for the all bonds can not exceed 3%.
The Finance Committee reviewed the resolution at its October 16, 2013 meeting and unanimously recommended forwarding it to the full Assembly for formal action.
I recommend this resolution be adopted.
IV. STAFF REPORTS
A. Disturbing the Peace Code
B. Subdivision Streets Construction Standards staff memo attachments
C. Transit Development Plan Update maps
V. ASSEMBLY AND PLANNING COMMISSION COMMENTS AND QUESTIONS
Note: Agenda packets are available for review online at www.juneau.org.
ADA accommodations available upon request: Please contact the Clerk’s office 72 hours prior to any meeting so arrangements can be made to have a sign language interpreter present or an audiotape containing the Assembly’s agenda made available. The Clerk’s office telephone number is 586-5278, TDD 586-5351, e-mail: firstname.lastname@example.org