Medford City Aquatic Facilities Bond Question (November 2012)

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A Medford City Aquatic Facilities Bond question was on the November 6, 2012 election ballot in Jackson County, which is in Colorado.

County authorized and published summary of Question:

This measure would grant City authority to sell general obligation bonds, in one or more series, up to $14,500,000. City would use bond proceeds to finance the demolition, capital construction and capital improvement of two aquatic facilities, including new construction and improvements, for a year-round covered pool at Hawthorne Park and a seasonal pool at Jackson Park, related capital costs, and to pay bond issuance costs. Approval of the bonds is estimated to result in a property tax levy of approximately $0.15 cents per $1,000 of assessed value per year. Each series of bonds would mature in no more than 21 years from their issuance date. Upon completion of the above listed purposes, City may use any remaining bond proceeds for any needed capital cost of the aquatic facilities. If bonds are approved, the City Council will increase the Park Utility Fee imposed on City Utility bills by $0.73 per month to finance the costs of operating and maintaining the aquatic facilities. The increase to the Park Utility Fee will not take effect until the month following the opening of the first completed aquatic facility.[1][2]


Election results

Question 115-Medford City Aquatic Center
ResultVotesPercentage
Defeatedd No16,10555.38%
Yes 12,975 44.62%

Election results from Jackson County Current Election Results Summary

Text of measure

Language on the ballot:

Shall Medford issue up to $14,500,000 in general obligation bonds to pay for capital construction to City aquatic facilities? If the bonds are approved, they will be payable from taxes on property or property ownership that are not subject to the limits of sections 11 and 11b, Article XI of the Oregon Constitution.[1][2]

See also


References

  1. 1.0 1.1 Jackson County Elections, List of Local Measures
  2. 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.



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