City of Rio Dell Street Improvements bond proposition, Measure X (June 2012)
If Measure X had been approved, the City of Rio Dell would have been authorized to borrow $2 million to be used to pay for a variety of street improvements.
A 2/3rds supermajority vote was required for approval. (In California, a 55% supermajority vote is required to approve school bond measures, but a 2/3rds supermajority vote is required to approve city bonds.)
- These final results are from the Humboldt County elections office.
Julie Woodall, mayor of the city, signed this ballot argument in the official voter guide on behalf of Measure X:
"11.5 miles of poorly maintained streets or about 90% of all City streets excluding Wildwood Avenue will be repaired at one time at the lowest unit cost, measurably improving driving and bicycling conditions and the overall image of our City. The project will prevent further deterioration of streets which will cost significantly more to fix in the future and for which the City has no source of funding. The cost of reconstructing a street is about 10 times the cost of an asphalt overlay. The City will contribute $825,000, reducing the total cost by about 30%. The project can be financed through USDA over 15 years at an interest rate of about 3.75%; this low rate may not be available again. Significant repair of City streets may likely increase the value of many City properties. Very poor streets can lower the value of a home and make it less competitive in the marketplace."
(No arguments opposing Measure X were submitted for the official voter guide.)
The question on the ballot:
|MEASURE X: "To finance the costs of constructing street improvements consisting of either an asphalt overlay or slurry seal-coat to existing streets in the City of Rio Dell, in order to improve the driving surface and extend the useful life of the roadways in the most economical manner possible, shall the City of Rio Dell issue $2 million in general obligation bonds, maturing 15 years from their issue date, and bearing interest at a rate not in excess of 4.25%?"|
<ref> tags exist, but no
<references/> tag was found