CITY AND BOROUGH OF SITKA - File #: ORD 10-29

• File #: ORD 10-29
• Version: 1
• Type: Ordinance
• Status: PASSED
• File created: 10/20/2010
• In control: City and Borough Assembly
• On agenda: 10/26/2010
• Final action: 11/10/2010
• Title: Approve Ordinance 2010-29 Authorizing the issuance of electric revenue bonds of the City in the principal amount of not to exceed $50,000,000 to refund and defease all outstanding obligations of combined electric and water utilities and to finance a portion of the cost of expanding the Blue Lake hydroelectric project, as approved by Sitka's voters in an advisory vote held on October 5, 2010; and authorizing the sale of the bonds to the Alaska Municipal Bond Bank on the terms and conditions provided in the ordinance.

Date	Ver.	Action By	Action	Result
11/10/2010	1
11/10/2010	1	City and Borough Assembly	PASSED ON SECOND READING	Pass
10/26/2010	1	City and Borough Assembly	PASSED ON FIRST READING	Pass

Title

Approve Ordinance 2010-29 Authorizing the issuance of electric revenue bonds of the City in the principal amount of not to exceed $50,000,000 to refund and defease all outstanding obligations of combined electric and water utilities and to finance a portion of the cost of expanding the Blue Lake hydroelectric project, as approved by Sitka's voters in an advisory vote held on October 5, 2010; and authorizing the sale of the bonds to the Alaska Municipal Bond Bank on the terms and conditions provided in the ordinance.