Juneau voters will be asked to approve two bond issues this fall to pay for school projects.
The CBJ Assembly Monday night agreed to use bonds for a ground source heat system at Auke Bay Elementary School and new artificial turf at Adair Kennedy Park. The questions will be on the October 4th municipal election ballot.
Auke Bay School is being renovated. While a ground source heat pump would initially cost more than the proposed heating oil system, it would save the school district money in the long run, as well as reduce carbon emissions.
To minimize the cost of the $1.4 million general obligation bond to taxpayers, the district plans to apply interest earned on completed elementary school renovation projects to the debt service. That means a small property tax reduction for 2012, according to city manager Rod Swope.
As for the impact on taxpayers over the life of the bond:
“Assuming an interest rate of 3.5 percent, the amount of debt service for this proposal would require an annual property tax levy of $1.21 per $100,000 of property tax value for a 10-year period,” Swope said.
The second ballot question is for a $1.9 million general obligation bond for new turf at Adair Kennedy Park. The school district also plans to put interest earnings toward the debt service.
Swope says it would cost property taxpayers $1.04 per $100,000 of assessed value for the 10-year life of the bond.
The Adair Kennedy field was the first artificial turf installed in Juneau. Swope says the city was told it would last about 20 years, but it’s reached the end of its useful life at 10. In addition, vandals burned the field in several spots earlier this summer.
Both school projects qualify for 70 percent reimbursement by the state’s School Construction Bond Debt Reimbursement Program.
- Trump nominated Bryan Schroder for the post, the acting head of the Alaska district since Karen Loeffler and 45 other U.S. attorneys appointed by former President Barack Obama were asked to resign after Trump's election.
- A Senate spokesman says the third special session is likely to start Thursday, July 27, in Juneau, and it's expected to last one or two days. The House and Senate indicated an agreement had been reached.
- The BBC and PBS are teaming up on a special series of live, prime-time nature programs showcasing Alaska’s wildlife to tens of millions people around the world. Cutting edge technology and a lot of luck goes into the high stakes production.
- The three-member Juneau Assembly mining task force is seeking to add two planning commissioners and two members of the public. The group is studying a proposal to streamline the city's mining review process.