Fort Myers Beach Town Hall Bond Question (January 2012)
This measure was defeated
- YES 274 (13.67%)
- NO 1,731 (86.33%)
This measure sought to issue a bond in the amount of $7 million in order to construct a new Town Hall. The current location of the town hall is not owned by the town and is being leased. Town officials would prefer to have the hall on a piece of land owned by the town so they would have more control over the property. Proponents noted that while leasing is not necessarily bad for the town, it worked in the past to just lease the land but for future goals owning the piece of land would benefit the town.
Text of measure
The question on the ballot:
|Shall the Town of Fort Myers Beach issue bonds, including general obligation bonds, maturing not later than 30 years from their issuance, in a principle amount not exceeding $7,000,000, bearing interest at market rates, to finance the acquisition and construction of a Town Hall, which bonds may be secured by and payable from ad valorem property taxes levied without limit on all taxable property within the town in addition to other available revenue sources?|