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Sundance Hills Metropolitan District Ballot Issue 6A

Ballot Issue 6APark and Recreation DebtSHALL SUNDANCE HILLS METROPOLITAN DISTRICT DEBT BE INCREASED UP TO $2,200,000, WITH A MAXIMUM REPAYMENT COST OF UP TO $3,900,000 MILLION, AND SHALL DISTRICT TAXES BE INCREASED $210,000 ANNUALLY OR BY SUCH LESSER ANNUAL AMOUNT AS MAY BE REQUIRED TO FINANCE THE COSTS OF CONSTRUCTING, REPAIRING, REPLACING AND IMPROVING THE DISTRICT'S PARK AND RECREATION FACILITIES TO EXTEND THEIR USEFUL LIFE AND UPGRADE EXISTING IMPROVEMENTS, SUCH DEBT TO CONSIST OF THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS OR NOTES WHICH SHALL BEAR INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 6% PER ANNUM AND BE ISSUED AT SUCH TIMES AND PRICES (AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT HEREWITH, AS THE BOARD OF DIRECTORS MAY DETERMINE; SHALL AD VALOREM PROPERTY TAXES BE LEVIED WITHOUT LIMIT AS TO THE MILL RATE TO GENERATE AN AMOUNT SUFFICIENT IN EACH YEAR TO PAY THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON SUCH DEBT AND TO FUND ANY RESERVES FOR THE PAYMENT THEREOF; AND SHALL THE EARNINGS FROM INVESTMENT OF THE PROCEEDS OF SUCH TAXES AND DEBT CONSTITUTE A VOTER-APPROVED REVENUE CHANGE?YES NO

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  • Yes - For the Measure

  • No - Against the Measure