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June 22, 2026 Council Meeting City of Goodyear Debt Issuance General Obligation Bonds (GOB) City GO Bonds Series 2026 • Projects • Planning • Payments June 22, 2026 City Council 2 Agenda City GO Bonds Series 2026 June 22, 2026 City Council 3 Project Purpose Purpose Project Costs Storm Sewers, & Drainage $ 17,800,000 Streets & Transportation $ 55,315,000 Parks & Recreation Improvements $ 17,000,000 Public Safety $ 37,000 Total Project Costs $ 90,152,000 City GO Bonds Series 2026 June 22, 2026 City Council 4 Infrastructure Projects Bond Proceeds Will Support • McDowell Road Improvements from Litchfield to Dysart • Bullard Wash • Goodyear Blvd Loop Improvements • Civic Square Improvements from Cul-de-sac to Monte Vista Rd • Interconnect Capacity Improvements and Projects • Indian School Improvements from Perryville to Citrus • Fire Resource Management Facility City GO Bonds Series 2026 June 22, 2026 City Council 5 Voter Authorization Bond Authorization Bond Authorization By Election Bond Authorization by Purpose 2000 2004 2023 Total in millions Storm Sewers, & Drainage $ 3,800,000 $14,000,000 $17,800,000 Streets & Transportation Improvements $55,315,000 $55,315,000 Parks and Recreation Improvements $17,000,000 $17,000,000 Public Safety Bonds $37,000 $37,000 Total $3,800,000 $14,000,000 $72,352,000 $90,152,000 City GO Bonds Series 2026 June 22, 2026 City Council 6 Credit Rating Standard & Poor’s (S&P) Moody’s AAA Aaa AA+ Aa1 AA Aa2 AA- Aa3 GO Bonds Series 2026 highlighted above City GO Bonds Series 2026 • Paid with secondary property taxes • Payments designed to: - Stay below $1.74 total property tax limit - Limit spikes on property taxes - Allow for future issuance if necessary • Expected interest rate 5.0% June 22, 2026 City Council 7 Financing City GO Bonds Series 2026 June 22, 2026 City Council 8 Questions