Kenai Peninsula $25.5 Million Bond for Recreational Facilities (2009)
|Not on Ballot|
| This measure did not or |
will not appear on a ballot
The measure was introduced on June 16, 2009 during the Borough Assembly. If sent to the ballot, the measure would then allow the borough to issue $25.5 million to be used on a multi-use facility in the peninsula that would house multiple sports activities and events. Accumulated debt would be paid by taxes gathered from levied properties in the area as well as revenue created by the facility. Public hearings are set for July 7, 2009 and August 4, 2009 to discuss the issue.
Ordinances must be passed by the August 4 deadline in order to appear on the October ballot.
MOTION TO POSTPONE: Sprague moved to postpone Ordinance 2009-35 until the August 4, 2009 meeting.
VOTE ON MOTION TO POSTPONE:
- Yes: Fischer, Knopp, Long, Pierce, Smalley, Smith,
- Sprague, Superman, Martin
- No: None
- Absent: None
MOTION TO POSTPONE PASSED: 9 Yes, 0 No, 0 Absent
TABLED: Ordinance 2009-35: Providing for Submission to the Qualified Voters of the Kenai Peninsula Borough Central Peninsula Multi-Use Facility Service Area the Question of the Issuance of General Obligation Bonds of the Central Peninsula Multi-Use Facility Service Area in the Aggregate Principal Amount of Not-To-Exceed $25,500,000 to Pay a Portion of the Costs of the Capital Improvements, at an Election in and for the Central Peninsula Multi-Use Facility Service Area (Sprague) (Referred to Legislative Committee) [9 Yes, 0 No, 0 Absent]
Text of measure
"Shall the Kenai Peninsula Borough issue up to $25.5 million of Central Peninsula Multi-Use Facility Service Area general obligation bonds to provide funding for capital improvements in the service area?"
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