This bond issue provides:
The improvements will:
Voter approval of the bond issue gives the City authority to issue general obligation bonds and levy an annual tax to finance the construction of these projects. Based on the current interest rate and 2006 property valuations, this bond issue costs the owner of a $125,000 home about $6.54 per year.
This project is comprised of several sub-projects being constructed for the purpose of demonstrating Best Management Practices for stormwater quality.
Preliminary modeling of existing infrastructure and identification of future capital improvement projects. Study prioritizes projects in order of importance.