Ballot Issue 2N

City of Boulder Debt Authority for Capital Improvement Tax
Shall City of Boulder debt be increased up to $26,000,000 with a repayment cost of up to $29,000,000 (such amount being the total principal and interest that could be payable over the maximum life of the debt) to be paid from the extension of the community culture and safety sales and use tax of 0.3 cents, if separately approved; such debt to bear interest at a net effective rate not to exceed 4.002 percent per annum and have a maturity date not later than four years from the date any such debt is issued, such debt to be sold at such time and in such manner and to contain such terms, not inconsistent herewith, as the City Council may determine, with the proceeds of such debt and earnings thereon being used to fund the following city capital improvement program projects otherwise payable from said sales and use tax;
  • relocation of Fire Station #3;
  • library - North Boulder branch;
  • citywide radio infrastructure replacement;
  • Fourmile Canyon Creek greenways improvements - 19th to Broadway;
  • Scott Carpenter pool replacement; and
  • public art;
with any remaining proceeds of such debt and all earnings thereon be used to fund city capital improvement projects that are described in Ordinance 8197 with any remaining funds to be appropriated by the Boulder City Council to fund capital improvement program projects; and in connection therewith, shall any earnings from the investment of the proceeds of such debts and the revenues from such tax extension constitute a voter approved revenue change and an exception to the revenue and spending limits of Article X, Section 20 of the Colorado constitution?