Tab_107CERTIFICATE
I, the undersigned Municipal Clerk of the City and Borough of Juneau, Alaska (the "City
and Borough"), DO HEREBY CERTIFY:
1. That the attached Resolution No. 2773 (herein called the "Resolution") is a true
and correct copy of a resolution of the City and Borough as passed at a meeting of the Assembly
of the City and Borough held on October 17, 2016 and duly recorded in my office.
2. That said meeting was duly convened and held in all respects in accordance with
law, and to the extent required by law, due and proper notice of such meeting was given; that a
legal quorum was present throughout the meeting and a legally sufficient number of members of
the Municipal Assembly voted in the proper manner for the passage of the Resolution; that all
other requirements and proceedings incident to the proper passage of the Resolution have been
duly fulfilled, carried out and otherwise observed, and that I am authorized to execute this
certificate.
DATED as of this 3rd day of November, 2016.
CITY AND BOROUGH OF JUNEAU,
ALASKA
By
Laurie J. Sic/
Municipal CIfrk
500042646 vi
Presented by: The Manager
Introduced: 10/17/16
Drafted by: Bond Counsel
RESOLUTION OF THE CITY AND BOROUGH OF JUNEAU, ALASKA
Resolution No. 2773
A Resolution Providing For Interest Rates For The General Obligation Bond Being Issued
Through The Alaska Municipal Bond Bank.
WHEREAS, on December 17, 2012, the Assembly of the City and Borough of Juneau,
Alaska (the "City and Borough"), passed Ordinance Serial No. 2012-44 authorizing the issuance
and sale of its General Obligation Bonds in the aggregate principal amount of not to exceed
$25,000,000 (the "Authorized Bond"); and
WHEREAS, pursuant to Section 13 of said ordinance the City Manager of the City and
Borough or his/her designee shall be authorized to negotiate the sale of a portion of the
Authorized Bond (hereinafter defined as the Bond) to the Alaska Municipal Bond Bank (the
"Bond Bank"); and
WHEREAS, Section 10.2(b) of the Charter of the City and Borough provides that the
Assembly shall by resolution prescribe the rate or rates of interest on the Bond;
NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE CITY AND
BOROUGH OF JUNEAU, ALASKA, as follows:
Section 1. Bond Sale. The sale of a portion of the Authorized Bond is hereby
authorized and approved under the terms prescribed in this resolution (the "Bond"). The Bond
shall be designated as General Obligation Bond, 2016. Capitalized terms in this resolution which
are not otherwise defined shall have the meanings given such terms in Ordinance Serial
No. 201244 of the Assembly (the "Bond Ordinance").
• Section 2. Bond Date, Maturity; Payments; Designation. The Bond shall be dated
the date of delivery, expected to be November 3, 2016, shall mature in the principal amounts
prescribed on Schedule A attached hereto and by this reference made a part hereof and shall bear
interest payable on December 1, 2016 and semiannually thereafter on the first days of each June
and December at the rates prescribed on Schedule A. At the time of sale of the Bond, the City
Manager or his/her designee may increase or decrease the estimated principal amounts on
Schedule A within the parameters specified in the Bond Ordinance, and may decrease the interest
rates shown on Schedule A depending upon orders received for particular maturities, so long as
(i) the net proceeds of the Bond (principal amount, plus net premium, less costs of issuance) does
not exceed $3,050,000; and (ii) the true interest cost for the Bond (in the aggregate) does not
exceed 2.50%. The authority granted to the City Manager and his/her designee pursuant to this
Section shall be effective from the date of adoption of this resolution until November 17, 2016.
If the Bond Bank has not made a final offer of terms approved by the City Manager or his/her
designee consistent with the prescriptions of this resolution by November 17, 2016, the authority
granted by this resolution shall be rescinded. Both principal of and interest on the Bond shall be
paid as provided in the Bond Ordinance and in the Loan Agreement between the Bond Bank and
the City and Borough.
Section 3. Delivery of the Bond. The proper officials of the City and Borough are
authorized and directed to execute all documents and to do everything necessary for the
preparation and delivery of the Bond in definitive form to the Bond Bank.
Section 4. Continuing Disclosure Undertaking. The City and Borough
acknowledges that, under the Rule, the City and Borough may now or in the future be an
"obligated person" with respect to the Bond Bank Bonds. In accordance with the Rule and as the
P:'0287_CM20287SMQ -2- Res. 2773
Bond Bank may require, the City and Borough shall undertake to provide certain annual financial
information and operating data as shall be set forth in the Loan Agreement. The City Manager or
his/her designee is hereby directed and authorized to review, approve and execute a continuing
disclosure undertaking if required by the Bond Bank.
Section 5. Ratification. All actions taken by the City Manager or his/her designee
relative to the sale of the Bond are hereby in all respects ratified and confirmed. The City
Manager of the City and Borough or his/her designee is hereby authorized to do all things
necessary for the prompt execution, issuance and delivery of the Bond and for the proper
application and use of the Bond proceeds; is hereby authorized to review and approve on behalf
of the City and Borough portions of the final Official Statement relative to the Bond and the City
and Borough with such additions and changes as may be deemed necessary or advisable; and
his/her approval of portions of the Preliminary Official Statement is ratified and confirmed.
Section 6. Severability. The covenants contained in this resolution shall constitute a
contract between the City and Borough and the owner of the Bond. If any one or more of the
covenants or agreements provided in this resolution to be performed on the part of the City and
Borough shall be declared by any court of competent jurisdiction to be contrary to law, then such
covenant or covenants, agreement or agreements, shall be null and void and shall be deemed
separable from the remaining covenants and agreements of this resolution and shall in no way
affect the validity of the other provisions of this resolution or of the Bond.
P:\20287_CMW\20287_8MQ -3- Res. 2773
Section 7. Effective Date. This resolution shall be effective immediately upon
adoption.
ADOPTED this 17th day of October, 2016.
Wgg
Attest: d / Clerk /
P:\20287CMW\20287_BMQ -4- Res. 2773
Schedule A
City and Borough of Juneau, Alaska
General Obligation Bond, 2016
Prescribed Maturity Schedule
Maturity Years
(December 1)
Principal
Amounts
Coupon
Interest
Rates
Maximum
Effective
Interest Rates
2017 $ 215,000 5.00% 1.70%
2018 225,000 5.00 1.80
2019 230,000 5.00 1.95
2020 240,000 5.00 2.05
2021 250,000 5.00 2.20
2022 260,000 5.00 2.30
2023 275,000 5.00 2.45
2024 285,000 5.00 2.60
2025 300,000 5.00 2.70
2026 320,000 5.00 2.80
Total: $2,600,000
A-I P:\20287_CM20287_BMQ 10/11/16
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Meeting Minutes - October 17, 2016
MEETING NO 2016-34: The Regular Meeting of the City and Borough of Juneau Assembly, held
in the Assembly Chambers of the Municipal Building, was called to order at 7:00 p.m. by Mayor
Ken Koelsch.
I. SPECIAL ORDER OF BUSINESS ASSEMBLY REORGANIZATION
A. Recognition of Outgoing Assemblymembers
Mayor Koelsch recognized Kate Troll, who was not present. She was elected in October 2013,
and her addition to the Assembly allowed Douglas Island to account for 4/9ths of the
representatives. He spoke about her knowledgeable participation in committees and as a liason
to several boards as a member of the Assembly, including the Juneau Commission on
Sustainability. She co-chaired with the late Mayor Greg Fisk, the CBJ Task Force on NOAA
Fisheries in Alaska. She played a role in getting several NOAA fisheries jobs relocated to
Juneau. She served as Liaison to the Juneau Affordable Housing Commission, Juneau
Economic Development Council and the Alaska Coastal Rainforest Center. She served on the
Assembly Human Resources Committee, the Tax Exemption Review Committee, and the
Assembly Lands Committee as Chair. Mayor Koelsch expressed the Assembly's thanks for her
work and wished her "fair winds and following seas."
Mayor Koelsch recognized Jamie Bursell for her service to the Assembly and called her
"tenacious." She joined the Assembly in 2016 as an appointed member and she worked hard
during her tenure. She thanked CBJ staff for their assistance, the Assembly and the citizens.
She said she was proud to be a part of the Assembly that passed the equal rights ordinance and
she said hearing citizen's concerns were a highlight of the job. She listed her committee service
and said she would apply to a board to continue her service. She would miss the job, she would
continue to care and said it was everyone's job to play a part. She congratulated the newly
elected officials and welcomed them to the Assembly.
B. Swearing-In of Newly Elected Officials
Mayor Koelsch noted that Assemblymember Beth Weldon was sworn in to office by Ms. Mead
the previous week.
Assistant Attorney Robert Palmer swore Norton Gregory and re-swore Mary Becker to their
three-year terms of office.
The Clerk called the roll in order of seniority and the Assemblymembers took their preferred
seats.
II. ROLL CALL
Assembly Present: Mary Becker, Maria Gladziszewski, Norton Gregory, Loren Jones, Jesse
Kiehl (teleconference), Ken Koelsch, Jerry Nankervis, Beth Weldon and Debbie White.
Assembly Absent: None.
Assembly Minutes, October 17, 2016 Page 1 of 19
match is $26,826.30. Of that amount, $7,466.30 is budgeted in personnel costs.
This leaves $19,360 to be funded. JPD would like to use asset forfeiture funds
to cover the balance of $19,360.
The BWCs have a warranty of three years. In conjunction with purchasing the
new equipment, they will also be placed on our equipment replacement
schedule to be replaced every three years; however, as we find with a lot of our
equipment, they generally last longer than they are guaranteed. After three
years' time, the cameras will be evaluated for replacement determination and
each year after until they need to be replaced.
The City Manager recommends this ordinance be introduced and set for
public hearing at the next regular Assembly meeting.
i. Ordinance 2016-32 An Ordinance Amending the General Penalty Chapter of
the City and Borough Code Relating to the Payment of Fines.
This ordinance would adopt language similar to AS 12,55.051(a), which
provides a meaningful enforcement tool for the court when defendants willfully
refuse to pay fines imposed as part of a sentence in a criminal case.
The court is prohibited from imposing a jail sentence if the failure to pay the
fine or restitution is because of an inability to pay, and the judge is required to
make a factual finding that inability to pay is not a factor.
The City Manager recommends this ordinance be introduced and set for
public hearing at the next regular Assembly meeting.
2. Resolutions
a. Resolution 2772 - A Resolution Providing For Interest Rates For The General
Obligation School Refunding Bond Being Issued Through The Alaska Municipal
Bond Bank.
On October 17 & 18, 2016 CBJ is scheduled to sell, via the Alaska Municipal
Bond Bank (AMBB), approximately $18.9 million in year general obligation
bonds in order to refund/refinance bonds originally issued in September 2006.
The issuance of the bonds was authorized by the Assembly in Ordinance 2016-
31 (adopted September 12, 2016). The final Assembly action, per CBJ Charter,
related to these bonds is to "prescribe" (set/accept) by resolution the interest
rates and annual principal maturity payment dollar amounts.
CBJ legal counsel K&L Gates has prepared Resolution 2772 to adopt the interest
rates, via delegation to the City Manager, and set other final bond sale terms.
Schedule A of the resolution lists the years and amounts when the bonds will
mature and sets the maximum interest rates authorized. The aggregate interest
cost for all of the bonds is estimated to be 1.5% and result in a net present value
savings of $1.3 million.
The City Manager recommends this resolution be adopted.
Assembly Minutes, October 17, 2016 Page 7 of 19
b. Resolution 2773 - A Resolution Providing For Interest Rates For The General
Obligation Bond Being Issued Through The Alaska Municipal Bond Bank.
On October 17 & 18, 2016, CBJ is scheduled to sell, via the Alaska Municipal
Bond Bank (AMBB), approximately $3.05 million in year general obligation
bonds. This bond sale is a portion of the $25 million authorized by the voters in
October 2012 and by Ordinance 2012-44 in December 2012. The proceeds will
be used to fund a portion of the Capital Transit bus maintenance facility. The
sale consists of 10-year bonds.
The final Assembly action, per CBJ Charter, related to these bonds is to
"prescribe" (set/accept) by resolution the interest rates and annual principal
maturity payment dollar amounts.
CBJ legal counsel K&L Gates has prepared Resolution 2773 to adopt the interest
rates, via delegation to the City Manager, and set other final bond sale terms.
Schedule A of the resolution lists the years and amounts when the bonds will
mature and sets the maximum interest rates authorized. The aggregate interest
cost for all of the bonds is estimated to be 1.9%.
The City Manager recommends this resolution be adopted
Bid Award
a. Bid Award Approval for B17-116 -Purchase and Delivery of Submersible
Chopper Pumps.
The CBJ seeks purchase and delivery of five submersible chopper pumps to be
used for the Public Works Department Utilities Division. The estimate was
$175,000.
Bids were opened on October 4, 2016. Upon review of the specification, the
award posting occurred on October 11, 2016. The bid protest period expired at
4:30 p.m. on October 12, 2016. Results of the bid opening are as follows:
Alaska Roteq Corporation $198,800
Delta Pump and Equipment $200,290
Alaska Pump & Supply $204,139
The City Manager recommends award of Bid No. 17416 to Alaska Roteq
Corporation on the basis of having the lowest responsive and responsible bid
price in the amount of $198,800 based on Total Bid.
4. Liquor License
a. New Brewery Liquor License #55 17 - Devil's Club Brewing, LLC
This application for Devil's Club Brewing, LLC to be located at 100 N.
Franklin Street, Juneau, is before the Assembly to either protest or waive its
right to protest the issuance of this new brewery license. As is our practice for
all license actions, the Finance, Police, Fire, Engineering/Public Works and
Assembly Minutes, October 17, 2016 Page 8 of 19