Proposition 4 - Borough Transportation Systems Project Bonds

This proposition authorizes the Matanuska-Susitna Borough to build the transportation systems projects listed below and issue bonds in the amount of $36,390,000 to pay for the projects. Shall the Matanuska-Susitna Borough engage in the construction, additions, improvements, betterments, repair, reconstruction, and acquisition of public roads and pathways, and facilities related thereto, in the Matanuska-Susitna Borough of the following Projects, together with all necessary equipment and transportation facilities, including improving school access, and the acquisition of lands or rights in lands in connection therewith; and issue its areawide general obligation bonds, in an amount not to exceed the sum of Thirty Six Million Three Hundred Ninety Thousand Dollars ($36,390,000) for the purpose of financing the cost, in whole or in part, of the following Projects in accordance with and ratifying and approving the provisions of Ordinance Serial No. 24-070?