Crawford Water Conservancy Dist Ballot Issue 7B
Crawford Water Conservancy District Ballot Issue 7BSHALL THE CRAWFORD WATER CONSERVANCY DISTRICT DEBT BE INCREASED UP TO $1,000,000.00 WITH A REPAYMENT COST OF UP TO $1,800,000.00, BUT WITH NO INCREASE IN DISTRICT TAXES, FOR THE PURPOSES OF PROVIDING ADEQUATE SUPPLIES OF WATER FOR AGRICULTURAL, DOMESTIC, AND/OR RECREATIONAL USE, STABILIZING AND INCREASING IN-STREAM WATER FLOWS, AND PROMOTING GENERAL WATER CONSERVATION AND ENHANCEMENT PURPOSES BY FINANCING THE COSTS OF SECURING ADDITIONAL WATER SUPPLIES, ACQUIRING, RECLAIMING AND IMPROVING SITES FOR WATER STORAGE, IMPROVING WATER DISTRIBUTION SYSTEMS, SUCH DEBT TO CONSIST OF THE ISSUANCE OF BONDS OR OTHER MULTIPLE FISCAL YEAR OBLIGATIONS TO BE PAID FROM LEGALLY AVAILABLE REVENUES OF THE DISTRICT, WHICH BONDS OR OBLIGATIONS SHALL BEAR INTEREST AT A WEIGHTED MAXIMUM NET AVERAGE EFFECTIVE INTEREST RATE NOT TO EXCEED 5.0% PER ANNUM, AND BE ISSUED AT SUCH TIME OR TIMES, AT SUCH PRICES (AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT HEREWITH, AS THE BOARD OF DIRECTORS MAY DETERMINE, AND SHALL ANY EARNINGS ON THE INVESTMENT OF THE PROCEEDS OF SUCH BONDS OR OBLIGATIONS (REGARDLESS OF AMOUNT) CONSTITUTE A VOTER-APPROVED REVENUE CHANGE WITHIN THE MEANING OF ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION?
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Yes - For the Measure
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No - Against the Measure
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