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Pitkin County Library District Bond Question (November 2012)

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A Pitkin County Library District Bond question was on the November 6, 2012 election ballot in Pitkin County, which is in Colorado, where it was defeated.

If approved, this question would have authorized Pitkin County Library District to issue up to $5.4 million in general obligation bonds which would have a repayment cost of no more than $10.2 million in order to fund the improvement of the Pitkin County Library facilities. These bonds would be repaid by a property tax increase of $460,000 per year for up to 25 years.[1]

Election results

Ballot Issue 5B
ResultVotesPercentage
Defeatedd No498663.78%
Yes 2831 36.22%

Election results from Pitikin County Summary of Election Results

Text of measure

Language on the ballot:

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

SHALL DEBT FOR THE PITKIN COUNTY LIBRARY DISTRICT BE INCREASED $5.4 MILLION WITH A MAXIMUM REPAYMENT COST OF UP TO $10.2 MILLION, AND SHALL PROPERTY TAXES FOR THE PITKIN COUNTY LIBRARY DISTRICT BE INCREASED UP TO $460,000 ANNUALLY AND BE LEVIED WITHOUT LIMITATION AS TO RATE TO REPAY SUCH DEBT; SUCH DEBT TO BE EVIDENCED BY THE ISSUANCE OF GENERAL OBLIGATION BONDS IN ONE OR MORE SERIES WHICH SHALL BEAR INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 6%, BE SUBJECT TO REDEMPTION PRIOR TO MATURITY WITH OR WITHOUT A PREMIUM, AND MATURE NOT LATER THAN 25 YEARS FROM THE ISSUANCE THEREOF;

ALL FOR THE PURPOSE OF FUNDING THE IMPROVEMENT, RENOVATION, AND EXPANSION OF THE PITKIN COUNTY LIBRARY IN ORDER TO:

• BUILD A NEW CHILDREN’S LIBRARY AND INTERACTIVE LEARNING CENTER TO PROMOTE EDUCATION AND EARLY CHILDHOOD LITERACY; • PROVIDE PUBLIC INDOOR/OUTDOOR WIRELESS INTERNET ACCESS (WI-FI), AND UPGRADE COMPUTER WORK AREAS AND TECHNOLOGY FOR DIGITAL RESOURCES; • INCREASE SUSTAINABILITY AND ENERGY EFFICIENCY THROUGH GREEN BUILDING PRACTICES AND MATERIALS; • BUILD A FLEXIBLE COMMUNITY MEETING ROOM AVAILABLE OUTSIDE REGULAR LIBRARY HOURS AND A VARIETY OF SMALLER PUBLIC MEETING SPACES; • CREATE A TEEN LIBRARY WITH SEPARATE STUDY AREAS TO FOSTER COLLABORATIVE LEARNING; • RESTRUCTURE EXISTING SPACE TO ADDRESS SAFETY AND SECURITY CONCERNS AND COMPLY WITH THE REQUIREMENTS OF THE AMERICANS WITH DISABILITIES ACT; AND • MODERNIZE AND RECONFIGURE ALL AREAS OF THE LIBRARY TO BETTER MEET THE PRESENT AND FUTURE INFORMATION AND EDUCATION NEEDS OF THE COMMUNITY?

YES

NO[1]

See also


References



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