Proposition 2 - Areawide Facilities Capital Improvements for Anchorage and Chugiak-Eagle River Senior Centers and Loussac Library

For the purpose of providing areawide facilities capital improvements within the Municipality of Anchorage for the Anchorage and Chugiak - Eagle River Senior Centers and the Loussac Library, said improvements involving building safety rehabilitation and upgrades, facility renovations, code improvement projects, and related capital improvements, as provided in AO 2021-6(S), shall Anchorage borrow money and issue up to $1,150,000 in principal amount of general obligation bonds? Voter approval of this bond proposition authorizes for each $100,000 of assessed taxable property value (based on the estimated 2021 areawide assessed valuation in Anchorage) an annual increase in taxes of approximately $0.25 to retire the proposed bonds. The debt shall be paid from real and personal property taxes levied and collected areawide within Anchorage. The Municipality will also pledge its full faith and credit for payment of the bonds.