Title
Consider a resolution calling a bond election for May 6, 2023; Making Provisions for Conducting the Election; and Resolving Other Matters Related to Such Election.
Body
The attached resolution outlines the propositions, projects, and amounts for the proposed May 6, 2023, bond election. The two propositions are substantially unchanged since the City Council retreat where the projects and options were discussed at length on December 8, 2022.
The two propositions, totaling $274 million, are summarized as follows:
Proposition A - Parks, Recreation and Sports Projects - $230 million
Constructing, improving, extending, expanding, upgrading and/or developing City parks, recreation and sports projects and facilities, comprised of: a new recreation center building that also includes parks and recreation administration offices, an outdoor track, multi-purpose athletic fields, tennis complex relocation, Lakeview Pavilion improvements, Rock’N River Water Park expansion, Clay Madsen Recreation Center remodel, Sports Center expansion, Lawn at Brushy Creek park development, citywide trail expansion, Play For All Park improvements, and systemwide park improvements, and also including land acquisition, design costs, required equipment and related drainage and other related costs.
Proposition B - Public Safety Projects - $44 million
Constructing, improving, extending, expanding, upgrading and/or developing City public safety projects and facilities, comprised of: improving the City’s Public Safety Training Center, relocation of the Central Fire Station and two new fire stations, and including land acquisition, design costs, required equipment and related drainage and other related costs.
The construction projects and any corresponding property tax rate increases for debt and operating costs will be incurred over a 5-to-7-year period.