Agenda Item Title:
Title
City Council considering adoption of Resolution 26-78C, a resolution providing for a special bond election to be held on November 3, 2026, for the purpose of submitting to electors of Sandy a proposition regarding the issuance of general obligation bonds for the purpose of financing all or a portion of the costs of acquiring and renovating the former Crescent View Middle School Property
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Presenter:
Brian Kelley, Administrative Services Director
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Description/Background:
Tonight, staff is requesting a decision on Resolution 26-78C. The Council should first determine the maximum bond proceed amount and whether any other amendments to the resolution should be made. Once those decisions are made, the resolution may be adopted by the Council including the maximum bond proceed amount.
Once the attached resolution providing for a special bond election is adopted, administrative staff will finalize the resolution with bond legal counsel, based upon the maximum bond proceed amount determined by the City Council. Prior to the 2026 General Election, and in accordance with Utah Law, the City Council will hold the required hearings and public meetings to further gather public input regarding the issuance of the General Obligation Bonds.
Recommended Action and/or Suggested Motion:
Recommendation
Motion to adopt Resolution 26-78C setting the maximum bond proceed amount at [$XX Million] and directing administrative staff to take all actions necessary to ensure execution of this resolution and the resulting special bond election.