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Assembly advances $3.5M school bond in first reading; authorizes loan application for pump station replacement
Summary
The Petersburg Borough Assembly gave unanimous first-reading approval to an ordinance allowing up to $3.5 million in general obligation bonds for school capital improvements and unanimously authorized the borough manager to apply for an Alaska Department of Environmental Conservation loan to replace Pump Station 3.
The Petersburg Borough Assembly on Nov. 16, 2024, unanimously passed the first reading of Ordinance 2024-24, authorizing general obligation bonds in a principal amount not to exceed $3,500,000 to fund public school capital improvements, and unanimously approved Resolution 2024-19 authorizing the borough manager to apply to the Alaska Department of Environmental Conservation (ADEC) for a Clean Water Fund loan for the Pump Station 3 replacement project.
The bond ordinance, which the assembly advanced in a first reading, implements a measure previously approved by borough voters at the Oct. 1, 2024, municipal election. Cynthia Cartlidge, the bond counsel appearing by Zoom,…
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