The Scottsdale, Ariz., City Council voted last week to reestablish a citizens bond review panel in order to study proposals that could be included in a 2013 referendum.

The task force was created in 2011 to consider a 2012 bond election, but was disbanded when the council decided to wait another year.

Bond projects in the deferred proposal totaled $572 million.

The council approved $30,000 to fund the seven-member panel.

Voters would be asked to approve an increase in the city’s secondary property tax to support any new general obligation debt.

Scottsdale passed a $350 million GO referendum in 2000. Voters rejected a $37 million bond plan in November 2010.

The city’s $622.7 million of outstanding GO bonds are rated triple-A across the board.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.