Agenda Item Title:
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Administrative staff presenting an informational report regarding a special bond election for the purpose of submitting to electors of Sandy City a proposition regarding the issuance of up to $30 million general obligation bonds for the purpose of financing all or a portion of the costs of acquiring the former Crescent View Middle School Property
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Presenter:
Brett Neumann, Budget Services and Business Intelligence Director
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Description/Background:
This is an informational report meant to prepare the Council its consideration of whether to place a bond election on the November ballot. Should the Council to decide to move forward with a bond election, Resolution 26-78C would need to be adopted during a future meeting of the Council.
Fiscal Impact:
Fiscal impacts are included in the attached exhibits.
Further action to be taken:
This item is an informational item, the Council may ask questions and provide feedback, the attached Resolution may be considered by the Council at its next meeting.