*PowerPoint Presentation (Added 5/5/23)

Potential G. O. Bond Special Election 2023
May 9, 2023

2
Agenda
• Overview of G. O. Bonds
• Survey
• Potential Ballot Question Drafts 
• Council Discussion and Consensus
– Call for a 2023 Special Election
– Discussion of draft ballot questions

3
General Obligation (G.O.) Bonds
• Paid for using secondary property tax
– Council resolution on a flat levy
• Must be authorized by voters
• Constitutional limits
– Based on Net Assessed Full Cash Value
– Outstanding G.O. debt may not exceed:
• 20% for combined water, sewer, public safety, streets, transportation, 
open space, and parks
• 6% for general municipal purposes

Property Tax
4
• Primary Levy Limit
– Any general fund expense
– Allowable 2% increase per year
• Secondary Levy Limit
– Debt service on General Obligation (G.O.) bonds only
– Currently flat levy 
• Assumes slight growth from new construction

Debt Management Policy
5
• Adopted by City Council in October 2020
• The City Council will not authorize the issuance of new 
G.O. bonds if the levy amount required to pay the debt 
service on the existing G.O. bonds plus the new G.O. 
bonds exceeds the amount of the current year’s tax levy 
plus an amount of up to 2% per year for new growth 
(i.e. new property added to the tax rolls)
• Existing G.O. Debt Service + New G.O. Debt Service ≤ 
Current Levy + 2% for Growth

Secondary Property Tax History
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$19,065 $19,269 $19,588 $19,807 $20,071 $20,409 $20,689 $21,217 $21,837 
$22,838 
$0
$5,000
$10,000
$15,000
$20,000
$25,000
FY15
FY16
FY17
FY18
FY19
FY20
 FY21
 FY22
FY23
FY24
Secondary Property Tax History (In Thousands)
Secondary Property Tax

7
G.O. Bond Debt Service Capacity
 $-
 $5,000,000
 $10,000,000
 $15,000,000
 $20,000,000
 $25,000,000
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
G.O Bonds Annual Debt Service
Principal
Interest

8
Full G.O. Bond Program
 $-
 $5,000,000
 $10,000,000
 $15,000,000
 $20,000,000
 $25,000,000
 $30,000,000
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
G.O Bonds Annual Debt Service
Existing G.O. Debt
New Debt - Current Authorization
New Debt - New Authority

9
Remaining Bond Authority
Category
Amount Requested in 
2020 Election*
Amount now 
remaining
Anticipated Need
Landfill
$9,900,000
$4,625,000
$19,096,400
Parks and Rec
$87,200,000
$6,040,000
$84,684,473
Streets and Parking
$81,500,000
$324,000
$81,847,780
Flood Control
$9,300,000
$7,676,000
$18,123,500
Open Space and Trails
NA
$49,280,000
$21,754,200
Public Safety
NA
$86,591,150
$158,505,201
Library
NA
$16,871,000
$29,576,966
*2020 Bonds did not pass

Community Engagement Consultant
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• Per Council direction contracted in January 2023
– Cooperative purchase off a state contract
– Initial contract less than $50,000
• Survey conducted week of February 27th, 2023
• Four hundred respondents
• Statistically valid results
– =/- 5% margin of error

Bond Priorities
11
First:
51.3% Public safety
30.0% Streets and transportation
8.0% Flood control improvements
5.8%
Parks and recreation
5.1%
Don’t know or didn’t answer
Second:
35.0% Streets and transportation
22.0% Public safety
20.3% Parks and recreation
15.3% Flood control improvements
7.5%
Don’t know or didn’t answer
Combined Priorities:
36.6% Public safety
32.5% Streets and transportation
13.0% Parks and recreation
11.6% Flood control improvements
5.1%
Don’t Know 
1.1%
Refused

Specific Bond Questions
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• $82 million for Streets – 67.8% Yes
• $78 million for Public Safety – 66.5% Yes
• Parks – 44% Yes
• Flood Control – 58% Yes
• Repurposing – 47.6% Yes

Top 5 Bond Projects
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• Street and intersection safety improvements
• Intersection improvements
• Police Department Forensics Laboratory
• West Valley Police and Fire Training Academy
• Update and modernize Police and Fire Stations

Staff Recommendation
14
• Two bond questions
– Transportation for $82 million
– Public Safety for $78 million
• Consider Parks, Flood Control, Libraries in a future election
– Conduct a similar poll in early 2024

Draft Streets Bond Question (Abridged)
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QPURPOSE:  STREET AND INTERSECTION IMPROVEMENTS
PRINCIPAL AMOUNT: $82,000,000
Shall the City of Glendale, Arizona (the “City”), be authorized to issue bonds in a principal
amount not to exceed $82,000,000 for the purpose of providing funds for streets, including,
but not limited to the following:
• Constructing and reconstructing street and intersection safety improvements;
• Constructing and reconstructing major and local streets, highways and bridges within the
City; and
• Congestion reduction, street widening, street signage, lighting, and landscaping,

Draft Public Safety Question (Abridged)
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PURPOSE: PUBLIC SAFETY
PRINCIPAL AMOUNT: $78,000,000
Shall the City of Glendale, Arizona (the “City”), be authorized to issue bonds in a principal 
amount not to exceed $78,000,000 for the purpose of providing funds for public safety 
projects, including, but not limited to the following:
• Planning, acquiring, designing, constructing, modernizing, and improving fire 
stations, police stations, police and fire training academies, police department forensics 
laboratories, and other public safety facilities; and
• Acquiring additional and replacement fire and police protection equipment; crime 
prevention, public safety and security systems; and fire trucks, police cars and other 
public safety vehicles,

Bond Committee Recommendation
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• Call for the 2023 special election
– $82 million for Streets
– $78 million for Public Safety
• Endorsed the draft bond language

Timeline for 2023 Special Election
18
Timeline
• May 11
Notify Maricopa County of participation
• May 23
Adopt Resolution referring the questions to the ballot
• June 12
Ballot language due to County
• August 9
Last day to submit “for” or “against” statements to City Clerk
• October 3
Publicity pamphlets mailed
• October 11
Early voting ballots mailed
• November 7
Election Day

Questions
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