Construction Projects

Town Hall Expansion Project

Ballot Issue 3A Title & Language:

TOWN OF ERIE BALLOT ISSUE 3A: BALLOT QUESTION OF THE TOWN OF ERIE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION DEBT AND AN INCREASE IN TAXES, IF NECESSARY, FOR THE EXPANSION OF TOWN HALL TO IMPROVE CUSTOMER SERVICE, INCREASE ACCESSIBILITY AND ENERGY EFFICIENCY, AND ACCOMMODATE FUTURE SERVICE NEEDS

SHALL THE TOWN OF ERIE DEBT BE INCREASED BY NOT MORE THAN $13,750,000, WITH A REPAYMENT COST OF NOT MORE THAN $25,216,250, AND SHALL TOWN TAXES BE INCREASED NOT MORE THAN $2,195,000 ANNUALLY TO REPAY SUCH DEBT FOR TOWN CAPITAL CONSTRUCTION PURPOSES, INCLUDING, BUT NOT LIMITED TO THE FOLLOWING:

  • THE CONSTRUCTION AND EQUIPPING OF A TOWN HALL EXPANSION AND RENOVATION PROJECT, INCLUDING AN EXPANDED BOARD ROOM FOR GREATER AUDIENCE PARTICIPATION, COMMUNITY MEETING SPACE, HEALTH AND SAFETY UPGRADES AND ENERGY EFFICIENCY UPGRADES;

SUCH DEBT TO BE PAYABLE FROM REVENUE RECEIVED BY THE TOWN FROM PUBLIC FACILITY IMPACT FEES (FEES RECEIVED BY THE TOWN FROM THE ISSUANCE OF BUILDING PERMITS) AND CERTAIN INVESTMENT INCOME THEREON, AND TO THE EXTENT SUCH REVENUES ARE INSUFFICIENT, FROM A MILL LEVY THAT MAY BE INCREASED IN ANY YEAR WITHOUT LIMITATION AS TO RATE BUT ONLY IN AN AMOUNT SUFFICIENT TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH DEBT OR ANY REFUNDING DEBT (OR TO CREATE A RESERVE FOR SUCH PAYMENT);

SUCH DEBT TO BE EVIDENCED BY THE ISSUANCE OF GENERAL OBLIGATION BONDS OR OTHER MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS, TO BE SOLD IN ONE SERIES OR MORE, FOR A PRICE ABOVE OR BELOW THE PRINCIPAL AMOUNT OF SUCH SERIES, ON TERMS AND CONDITIONS AND WITH SUCH MATURITIES AS PERMITTED BY LAW, INCLUDING PROVISIONS FOR REDEMPTION OF THE BONDS PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF THE PREMIUM OF NOT TO EXCEED THREE PERCENT;

AND SHALL SUCH TAX REVENUES AND THE EARNINGS FROM THE INVESTMENT OF SUCH BOND PROCEEDS AND TAX REVENUES BE COLLECTED, RETAINED AND SPENT AS A VOTER APPROVED REVENUE CHANGE AND AN EXCEPTION TO THE LIMITS WHICH WOULD OTHERWISE APPLY UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?

YES _____NO _____

Moffat Street Extension & Bridge Project

For more information on this project, contact Wendi Palmer at 303-926-2875.