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CITY OF ATLANTA
CITY HALL ATLANTA, GA. 30303
Tel. 522-4463 Area Code 404
DEPARTMENT OF PLANNING
COLLIER B. GLADIN, Director
September 13, 1967
MEMORANDUM
TO: Earl Landers
Li)
FROM: Collier Cpy)
SUBJECT: City Bond Referendum
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 Atlanta to consider another general
obligation 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 these 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 thoughts on this matter would be extremely 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.
ip
CITY HALL ATLANTA, GA. 30303
Tel. 522-4463 Area Code 404
DEPARTMENT OF PLANNING
COLLIER B. GLADIN, Director
September 13, 1967
MEMORANDUM
TO: Earl Landers
Li)
FROM: Collier Cpy)
SUBJECT: City Bond Referendum
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 Atlanta to consider another general
obligation 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 these 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 thoughts on this matter would be extremely 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.
ip