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Officials discuss 30-year bond and other options to finance Garden City RV Park estimate of $6.5M
Summary
City manager and treasurer presented a revised conceptual estimate of about $6.5 million for the Garden City RV Park and reviewed financing options including Wells Fargo short-term credit, Alaska Municipal Bond Bank financing, and a potential 30-year general-obligation bond; staff will work with bond counsel and bring ordinances back to the assembly.
City Manager Dietz and Treasurer Rodig presented updated financing options for the Garden City RV Park, citing a conceptual cost estimate of about $6.5 million and a range of funding scenarios.
Treasurer Rodig told the committee she had consulted bankers (Coleman Capital, Wells Fargo) and the Alaska Municipal…
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