March 5, 2019
Polling place: Cordova Center Education Room
Voting hours: 7:00 am to 8:00 pm
There will be two propositions before the voters at this election.
By City Council resolution 12-18-30 the following is proposition one:
Proposition No. 1
Bonds for Harbor and Related Capital Improvements
Shall the City of Cordova incur debt and issue harbor revenue bonds in the principal amount of not to exceed Five Million Dollars ($5,000,000) the principal and interest of which are
payable out of, and the security for which are: (i) the revenues of the Port of Cordova, and (ii) the proceeds of a tax of 0.5% on the value of raw fish landed in the City if the qualified voters of the City approve a proposition for the levy of the tax at the March 5, 2019 Regular City Election, for the purpose of paying the cost of planning, design, acquisition, construction, reconstruction, repair, improvement, extension, enlargement or equipment of harbor and related improvements in the City, including without limitation repair and replacement of facilities at the Cordova South Harbor?
By city council resolution 12-18-31 the following is proposition two:
Proposition No. 2
0.5% Tax on Raw Fish for Harbor Facility Improvements, Repair and Maintenance
Shall the City of Cordova levy a tax of one-half percent (0.5%) on the value of raw fish landed in the City, with the proceeds of the tax to be dedicated to paying the cost of City harbor facility improvements, repair and maintenance, including without limitation payment of debt service on bonds issued by the City for harbor and related capital improvements?