Boulder County Pine Brook Hills District Bond (November 2011)

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A Boulder County Pine Brook Hills District Bond measure was on the November 1, 2011 ballot in the Pine Brook Hills district of Boulder County.

This measure was defeated

  • YES 84 (16.67%)
  • NO 420 (83.33%)Defeatedd[1]

This measure sought to issue a bond in the amount of $2.6 million in order to pay for repairing paved roads in the district area.[2] The repayment of these bonds would have been paid through additional property taxes on residents in the district areas.[3] Residents in the district were opposed to the measure because they believed the issue was put on the ballot prematurely and that the repayment costs would be too much at the current time for residents.[4]

Text of measure

The question on the ballot:

SHALL BOULDER COUNTY DEBT (FOR PINE BROOK HILLS BOULDER COUNTY LOCAL IMPROVEMENT DISTRICT) BE INCREASED $2,654,593, WITH A REPAYMENT COST OF $4,644,700, 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