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Here are the facts about the bond issue on the May ballot.
The City issues General Obligation bonds to fund projects in the Capital Improvement Plan.
If voters approve, the City will have the authority issue bonds in the amount of $92,024,000. The bonds would fund projects in five areas; streets and highways ($47,375,000), sewers ($13,616,000), parks and recreation ($14,511,000), public safety ($6,250,000) and public facilities ($10,272,000).
"Approval of these bonds will not raise your taxes due to previously issued bonds being retired," said Mayor Jean Stothert.
Approval of these bonds will allow the city to proceed with multiple projects including:
- Purchase of new fire trucks and medic units
- Rehabilitation of older city parks including Adams, Levi Carter and Hanscom
- Multiple road widening and resurfacing projects
- Redevelopment of 16th Street, Dodge to Leavenworth
Voters approved similar bond issues in 2000, 2006 and 2010.
A vote for the bonds would give the City the authority to issue bonds and sell bonds until December 31, 2022. The election is May 13th.