Boulder County Crestview Estates District Bond (November 2011)

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A Boulder County Crestview Estates District Bond measure was on the November 1, 2011 ballot in the Crestview Estates district of Boulder County.

This measure was defeated

  • YES 21 (13.13%)
  • NO 139 (86.88%)Defeatedd[1]

This measure sought to issue a bond in the amount of $871,560 in order to pay for repairing paved roads in the district area.[2] The repayment of these bonds would have be paid through additional property taxes on residents in the district areas.[3] Some residents in the area noted that the roads were not that bad and did not see the need for the bond and others felt that the County rushed the measure on to the ballot.[4]

Text of measure

The question on the ballot:

SHALL BOULDER COUNTY DEBT (FOR CRESTVIEW ESTATES  BOULDER COUNTY LOCAL IMPROVEMENT DISTRICT) BE  INCREASED $871,560.80, WITH A REPAYMENT COST OF   $1,357,600, FOR THE PURPOSE OF REHABILITATING  EXISTING PAVED ROADS, INCLUDING COSTS INCIDENTAL  THERETO, AND THE ESTABLISHMENT OF RESERVES   THEREFOR, BY THE ISSUANCE OF SPECIAL ASSESSMENT  BONDS PAYABLE FROM SPECIAL ASSESSMENTS IMPOSED  AGAINST BENEFITED PROPERTIES LOCATED WITHIN THE   DISTRICT AND OTHER LEGALLY AVAILABLE FUNDS, WHICH  BONDS SHALL BE ISSUED, DATED AND SOLD AT SUCH TIME  OR TIMES AND IN SUCH MANNER AND CONTAIN SUCH   TERMS, NOT INCONSISTENT HEREWITH, AS THE BOARD OF  COUNTY COMMISSIONERS MAY DETERMINE; AND SHALL THE REVENUES FROM SUCH SPECIAL ASSESSMENTS AND ANY  EARNINGS THEREON AND FROM THE INVESTMENT OF THE  PROCEEDS OF SUCH BONDS CONSTITUTE A  VOTER‐APPROVED REVENUE CHANGE?[5]

References