Notice of Bonded Indebtedness
One proposition for the issuance of general obligation debt for the City of Cordova has been placed on the ballot for the Regular City Election of March 5, 2019. The City provides the following notice of indebtedness in accordance with AS 29.47.190(b):
The current total general obligation indebtedness of the City as of 12/31/18 is $15,010,000 and in unsold bonds, $0.
The cost of the debt service (principal and interest) on the current general obligation indebtedness of the City will be $1,999,780.05 during the 2019 fiscal year, and a total of $18,084,851.96 to the final maturity of all outstanding general obligation bonds.
The total assessed value of taxable real and personal property in the City for the 2018 fiscal year was $ 341,652,860.