HomeMy WebLinkAboutFS 2016-10-18 Item 2A - Discussion - Public Safety BondCity of Tukwila
Allan Ekberg, Mayor
TO: Finance & Safety Committee
FROM: Peggy McCarthy, Finance Director
DATE: October 12, 2016
CC: Mayor Ekberg
SUBJECT: Public Safety Plan Bond Issuance Discussion
ISSUE
Discuss public safety bond issuance timing based on election outcome.
BACKGROUND
On November 8, 2016, City of Tukwila taxpayers will vote on a Public Safety bond measure. The
purpose of the measure is to finance a Justice Center, construct three new fire stations and
purchase essential fire apparatus and fire equipment over the 20-year life of the bond.
DISCUSSION
Should the outcome of the election be affirmative, the City will need to issue bonds in 2016 in
order to stay on track with the siting and construction plan. Finance staff and the City's financial
advisor, Susan Musselman of PFM Inc., will present information on the proposed key steps for
the bond issuance.
RECOMMENDATION
Information only.