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Scottsdale council approves $107 million general obligation bonds and $120 million MPC excise‑tax debt
Summary
Council approved a third issuance of 2019 general obligation bonds totaling $107 million for parks, community infrastructure and public safety projects and authorized $120 million in Municipal Property Corporation (MPC) excise‑tax bonds for water and wastewater projects.
Scottsdale City Council on March 18 approved two financing measures to fund capital work: a third general obligation (GO) bond issuance for the 2019 bond program and Municipal Property Corporation (MPC) excise‑tax debt for water and wastewater projects.
The GO issuance covers projects authorized in the 2019 bond questions, including park site acquisitions and construction, public parking improvements in Old Town and police and fire facility renovations. Staff presented the borrowing plan and said…
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