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Ballot Language

SHALL CARBON VALLEY PARK AND RECREATIONAL DISTRICT DEBT BE INCREASED $40 MILLION, WITH A REPAYMENT COST OF $69.5 MILLION,AND SHALL DISTRICT TAXES BE INCREASED $3.5 ANNUALLY TO PAY THE DEBT INCURRED FOR THE PURPOSE OF ACQUIRING, CONSTRUCTING, AND EQUIPPING CERTAIN PARK AND RECREATION IMPROVEMENTS OF THE DISTRICT, WHICH MAY INCLUDE BUT ARE NOT LIMITED TO THE FOLLOWING:

UPGRADING AND IMPROVING THE CURRENT RECREATION FACILITY IN FREDERICK TO INCLUDE:

  • A DEDICATED MULTI-PURPOSE ROOM WITH KITCHEN;

  • UPGRADED MEN’S AND WOMEN’S LOCKER ROOMS;

  •  MODERNIZATION AND UPGRADES TO FACILITY INTERIOR TO INCLUDE LED LIGHTING, FLOORING AND FIXTURES;

  • ACQUISITION AND INSTALLATION OF NEW ENERGY EFFICIENT BOILERS AND UPGRADES TO MECHANICAL EQUIPMENT;

CONSTRUCTING AND EQUIPPING OF A NEW REGIONAL RECREATIONAL CENTER OF THE CARBON VALLEY PARK AND RECREATION CENTER TO INCLUDE:

  • AQUATIC CENTER TO INCLUDE AN INDOOR SWIMMING POOL AND OUTDOOR WATER SPLASH PAD;

  • ICE RINK WITH TWO SHEETS OF ICE

  • TWO FITNESS STUDIOS

  • TWO FULL SIZE GYMNASIUMS

  • FULLY EQUIPPED CARDIO ROOM

  • INDOORS RUNNING TRACK

  • ATHLETIC FIELDS

  • THREE COMMUNITY ROOMS WITH KITCHEN.

AND SHALL THE MILL LEVY BE INCREASED EACH YEAR WITHOUT LIMITATION OF RATE BUT IN AN AMOUNT SUFFIEICIENT TO PAY THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON SUCH DEBT OR ANY REFUNDING DEBT (OR TO CREATE A RESERVE FOR SUCH PAYMENT), PROVIDED, HOWEVER, THAT SUCH ANNUAL AMOUNT SHALL NOT EXCEED 3,466,000; SUCH DEBT TO BE EVIDENCED BY THE ISSUANCE OF GENERAL OBLIGATION BONDS, NOTES, LOANS, OR OTHER MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS; TO BE SOLD IN ONE SERIES OR MORE, FOR A PRICE ABOVE OR BELOW THE PRINCIPAL AMOUNT OF SUCH SERIES, ON TERMS AND CONDITIONS, AND WITH SUCH MATURITIES AS PERMITTED BY LAW AND AS THE DISTRICT, INCLUDING PROVISIONS FOR REDEMPTIONS OF THE BONDS PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF THE PREMIUM OR NOT TO EXCEED THREE PERCENT; AND SHALL SUCH TAX REVENUES AND EARNINGS GENERATED FROM THE INVESTMENT OF SUCH BOND PROCEEDS, AND TAX REVENUES BE COLLECTED RETAINED AND SPENT AS A VOTER APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?

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