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SEAPA bond resolution passes with amended wording

 


Petersburg Borough Assembly members passed an amended resolution to allow Southeast Alaska Power Agency (SEAPA) to move forward with refinancing of existing 2009 bonds and a proposed $7 million bond sale to fund an expansion of the Swan Lake facility northeast of Ketchikan on Revillagigedo Island.

Though Petersburg and Wrangell municipal attorneys have vetted the paperwork for the bond sale, Peterburg's Vice Mayor Cindi Lagoudakis said she had some concerns about the resolution's wording.

“My concern with this resolution is that it doesn't identify the project that the bonds are supposed...



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