If Glendale’s two-question, $65 million bond proposal is approved by voters Nov. 4, the projects it covers will not directly effect the city’s northern neighborhoods.
Still, several residents living north of Bell Road attended a Sept. 30 bond information meeting at the Foothills Recreation and Aquatic Center.
Bond question 1 deals with flood control and water retention and is for $30 million. Bond question 2 focuses on upgrading operations facilities that support city infrastructure maintenance and would be for $35 million.
Bond projects, if approved by voters, come with a strict time limit.
“All of the bonds must be spent within three years of when we issue them to avoid what we call arbitrage,” said Assistant City Manager Vicki Rios. “Let’s say we invested these bonds in the market a