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Montpelier, Vermont, Article 13, Capital Projects Bond Measure (March 2022)
| Montpelier Article 13 | |
|---|---|
 | |
| Election date March 1, 2022 | |
| Topic City bonds | |
Status Approved | |
| Type Referral | Origin Lawmakers |
Montpelier Article 13 was on the ballot as a referral in Montpelier on March 1, 2022. It was approved.
A "yes" vote supported authorizing the city to issue $1.815 million to fund the purchase of a pellet boiler at the Public Works Garage, street light replacements, and intersection improvements at Barre and Main Street, a retaining wall on Marvin Street, Confluence River Park, and other highway infrastructure projects, with repayment over a term of 20 years. |
A "no" vote opposed authorizing the city to issue $1.815 million to fund the purchase of a pellet boiler at the Public Works Garage, street light replacements, and intersection improvements at Barre and Main Street, a retaining wall on Marvin Street, Confluence River Park, and other highway infrastructure projects. |
A simple majority was required for the approval of Article 13.
Election results
|
Montpelier Article 13 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
1,617 | 74.48% | ||
| No | 554 | 25.52% | ||
Text of measure
Ballot title
The ballot title for Article 13 was as follows:
| “ | ARTICLE 13. Shall the voters authorize the City Council to borrow a sum of money not to exceed $1,815,000 for highway, recreation park, and building infrastructure improvements? Proceeds from bond funding will be used to finance a pellet boiler at the Public Works Garage, street light replacements, and intersection improvements at Barre & Main Street, a retaining wall on Marvin Street, Confluence River Park and other highway infrastructure projects. If approved, bonds for these capital items would be issued for a term of 20 years, is estimated to be approximately $48,360 for the first-year interest payment and approximately $124,894 for the second-year principal and interest payment with future payments declining each year as the principal is repaid. (Requested by the City Council) | ” |
Path to the ballot
This measure was put on the ballot through a vote of the governing body of Montpelier.
See also
External links
Footnotes
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