Bonds for Auke Bay Elementary School renovation and new turf at Adair Kennedy Park will be sold in two installments over the next two years.
The Assembly Monday night voted for the change as a way to reduce future debt service. The first bonds for nearly $13.2 million would be issued in August. A second bond sale in July 2013 would be for $8.1 million. The bonds will be issued for a 10-year term.
Juneau voters approved the renovation bonds in 2011. Last fall voters approved bonds for the Auke Bay school ground source heat system and resurfacing of the Adair Kennedy turf field.
The projects qualify for 70 percent reimbursement by the state. The remaining debt service on the bonds would be paid from local property tax, estimated to be $10 per $100,000 in assessed value.
- August 30, 2015- He's giving the mountain its Koyukon Athabascan name on the eve of a historic presidential visit to Alaska.
- August 30, 2015- Juneau gardeners showed off their best vegetables, herbs, jams, and garden plots recently at the community garden on Montana Creek Road.
- August 30, 2015- That the court on Friday affirmed a 2011 ruling by the Superior Court that the pipeline was worth $8.9 billion to $9.6 billion during that time.
- August 30, 2015- Four children broke into the Bethel Community Garden Thursday evening. They stole tools and wrecked vegetables that were reaching their peak after the growing season.