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Castle Pines Transportation Ballot Issue 2A

Ballot Issue 2ASHALL THE CITY OF CASTLE PINES DEBT BE INCREASED UP TO $30,000,000 WITH A REPAYMENT COST OF UP TO $60,000,000 AND SHALL CITY OF CASTLE PINES TAXES BE INCREASED UP TO $1,800,000 ANNUALLY, SUBJECT TO THE FOLLOWING: THE PROCEEDS OF THE DEBT SHALL BE USED TO FINANCE ROAD IMPROVEMENTS, INCLUDING BUT NOT LIMITED TO: MAINTENANCE AND FUTURE IMPROVEMENTS TO CASTLE PINES PARKWAY; MAINTENANCE AND FUTURE IMPROVEMENTS TO MONARCH BOULEVARD; AND CONNECTED DRAINAGE FACILITIES, SIDEWALKS AND PEDESTRIAN SAFETY IMPROVEMENTS; THE DEBT MAY BE PAID FROM A MILL LEVY ON ALL TAXABLE PROPERTY WITHIN THE CITY AT A RATE SUFFICIENT TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH DEBT OR ANY REFUNDING DEBT BUT NOT MORE THAN $1,800,000; THE MILL LEVY MAY NOBE IMPOSED AFTER TAX LEVY YEAR 2055; THE DEBT MAY CONSIST OF GENERAL OBLIGATION BONDS OR OTHER MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS AS DETERMINED BY THE CITY COUNCIL; THE DEBT MAY BE SOLD IN ONE SERIES OR MORE IN AN AGGREGATE AMOUNT NOT TO EXCEED THE MAXIMUM AUTHORIZED PRINCIPAL AMOUNT AND REPAYMENT COSTS, ON TERMS AND CONDITIONS AS THE CITY COUNCIL MAY DETERMINE, INCLUDING PROVISIONS FOR THE REDEMPTION OF THE BONDS PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM; AND THE PROCEEDS OF ANY SUCH DEBT AND THE REVENUE FROM SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT AND INVESTMENT EARNINGS THEREON MAY BE COLLECTED, RETAINED AND SPENT BY THE CITY AS A VOTER APPROVED REVENUE CHANGE WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING OR OTHER LIMITATION CONTAINED IN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, OR ANY OTHER LAW?YES NO

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  • Yes - For the Measure

  • No - Against the Measure