VOTE411 Voter Guide

Roads Shall the City of Rio Rancho issue up to $10,600,000 of general obligation bonds, to be repaid from property taxes, for the purpose of designing, constructing, repairing, preserving, rehabilitating, enhancing, and otherwise improving roads and underlying utility infrastructure? What is proposed is a bond question in the amount of $10,600,000 to be used for designing, constructing, repairing, preserving, rehabilitating, enhancing and otherwise improving roads and underlying utility infrastructure. Approximately $9,280,000 is estimated to be available for projects after accounting for the required 1% for the Arts, bond issuance costs, and contingency. Rio Rancho s street system requires increased investment/funding (preventative maintenance, rehabilitation, reconstruction, etc.). The road need exceeds the recurring resources currently available to municipal government.Project Options.................... Type of Work....... Road Estimate... Water Utility Estimate.. Total EstimateLema Rd (Western Hill Dr Reconstruction $2,400,000 $1,600,000 $4,000,000to Chessman Dr) 19th Ave NE (10th St NE Reconstruction $2,200,000 $785,000 $2,980,000to Cherry Ave)Safelite Blvd (US 550 to Reconstruction $2,300,000 N/A $2,300,000 Enchanted Hills Blvd)Note: 1% of each general obligation bond is dedicated for works of permanent public art.