Town Hall Meeting - Propositions 1, 2, and 3

City & Borough of Wrangell
Public Notice of a Town Meeting Revised to include Prop 3

There will be a Town Meeting on Wednesday, September 28, 2022, starting at 6:30 p.m. at the Nolan Center.

The purpose of this Town Meeting is to discuss and answer questions regarding the General Obligation Bonds and the Proposition to ask the voters whether the Borough should sell and/or lease the Mill Site Property. All three of the Propositions are on the upcoming October 4, 2022, Regular Local Election ballot.

PROPOSITION NO. 1

GENERAL OBLIGATION BONDS FOR MAJOR RENOVATION OF MIDDLE SCHOOL, HIGH SCHOOL, AND ELEMENTARY SCHOOL

Shall the City and Borough of Wrangell, Alaska, incur debt and issue general obligation bonds in an amount not to exceed Three Million Five Hundred Thousand dollars ($3,500,000) for the purpose of paying the costs of construction of major renovation of the middle school, high school, and elementary school, and related capital improvements? The bonds shall be secured by a pledge of the full faith and credit of the Borough (Ordinance No. 1029).

PROPOSITION NO. 2

GENERAL OBLIGATION BONDS FOR MAJOR RENOVATION OF PUBLIC SAFETY BUILDING
Shall the City and Borough of Wrangell, Alaska, incur debt and issue general obligation bonds in an amount not to exceed Eight Million Five Hundred Thousand dollars ($8,500,000) for the purpose of paying the costs of construction of major renovation of the public safety building and related capital improvements? The bonds shall be secured by a pledge of the full faith and credit of the Borough (Ordinance No. 1030).

PROPOSITION  3

Section 5-14 of the Borough Charter and Section 5.10.035(A) of the Wrangell Municipal Code requires that any ordinance which provides for “the sale or lease of any Borough property, real or personal, or the sale or lease or other disposal of any interest therein, the value of which property, lease or interest is more than $1 Million,” be ratified by a majority of voters who vote on the question.  Ordinance 1031, enacted by the Assembly on August 23, 2022, provides authority to the Borough Manager to be responsible for the administration of the 6-Mile-Deep Water Industrial Site (former Mill Site Property) Economic Development Project which shall include the disposition of the property, to be sold and/or leased according to an approved Economic Development Project plan. The value of the 6-Mile-Deep Water Industrial Site is approximately $2.5 Million Dollars.  Shall Ordinance 1031 be ratified?

The public is encouraged to attend.

Although there may be a quorum of the Assembly present for the Town Meeting, no official action will be taken.

Contact: Mason Villarma, Finance Director or Jeff Good, Borough Manager