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CITY OF .ATLANT.A CITY HALL ATLANTA, GA. 30303 Tel. 522-4463 Area Code 404 DE PART MEN T O F PL ANNI N G CO LLI ER B. GLA DI N, Di recto r September 13, 1967 MEMORANDUM TO: Earl Landers FROM: Collier SUBJECT: City Bond Referendum (') 0...Y"\ "'-J JJ J This is, more or less, a follow-up of our brief conservation of a few days ago concerning this subject. I feel that some serious consideration should be given to the question of when would be the most advantageous time for Atlan ta to consider another general obli gation bond referendum? The funds from the last two bond issues are nearly exhausted, and the City ' s Capital Improvement Program reflects over $400 million dollars in unfunded capital improvement projects. The Planning Department can continue to prepare survey and planning applications, applications for code enforcement programs and updating of the Community Facilities Plan, however, we need some firm guide as to future financing of the se projects and facilities, plus we would like to make the Capital Improvements Program functional. There are several events that .we know will occur and others which are being considered, for example, the national elections in the fall of '68 and the city election in the fall of '69. The Transit Authority is considering, as I understand, a bond issue for financing a transit system in the fall of '68 (along with general election); the Atlanta School Board is considering another school bond issue in the Spring of '68. I am concerned that if consideration is not given soon that the right time may not be before 1970 - can we afford to wait that long? Your thought s on this matter would be e x tremely helpful. Also, I would like your opinion concerning the desirability of state legislation enabling the Mayor and Board of Aldermen to issue General Obligation Bonds without referendum, amount to be limited by State Legislature. Similar legislation has been passed for Fulton County which is awaiting approval by the voters as a constitutional amendment. jp �