Seattle City Alaskan Way Seawall Bonds Proposition (November 2012)
This proposition authorized Seattle City to issue up to $290,000,000 of bonds to pay for costs related to maintenance and improvement of the Alaskan Way seawall and piers as well as the property tax to pay off these bonds within 30 years. According to the Washington Constitution, Article VII, Section 2B, minimum 60% yes vote and a minimum turnout of 79,004 is necessary for the approval of this proposition.
|Seattle City Prop. 1|
Election results from King County, Current 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.
|“|| The City Council of the City of Seattle, Washington, passed Ordinance No. 123922, concerning funding for the Alaskan Way seawall and associated infrastructure. This proposition would address public safety risks and seismic hazards by authorizing the City to incur costs related to the design, construction, renovation, improvement and replacement of the Alaskan Way seawall and associated public facilities and infrastructure, including City-owned waterfront piers; issue no more than $290,000,000 of general obligation bonds maturing within 30 years; and levy annual excess property taxes to repay the bonds, all as provided in Ordinance No. 123922.
Should this proposition be: