HomeMy WebLinkAbout20002503.tiff TO: ALL REGISTERED VOTERS
NOTICE OF ELECTION TO INCREASE TAXES AND
TO INCREASE DEBT ON A REFERRED MEASURE
Election Date: Tuesday, November 7, 2000
Election Hours: 7 : 00 A.M. to 7 :00 P.M.
Local Election Office Address and Telephone Number:
Carbon Valley Park and Recreation District
c/o Renee Witty
701 5th Street
Frederick, Colorado 80530
(303) 833-3660
Ballot Title and Text:
BALLOT ISSUE NO. 5A:
SHALL CARBON VALLEY PARK AND RECREATION DISTRICT'S DEBT BE INCREASED UP TO
$4, 100, 000, WITH A MAXIMUM REPAYMENT COST OF UP TO $9, 311, 000, AND SHALL
DISTRICT TAXES BE INCREASED UP TO $475, 000 ANNUALLY (NET OF ANY
CONSTITUTIONALLY IMPOSED TAX CUTS) AS MAY BE NECESSARY FOR THE PAYMENT OF SUCH
DEBT AND ANY REFUNDINGS THEREOF, SUCH DEBT TO BE GENERAL OBLIGATION BONDS OP
OTHER OBLIGATIONS OF THE DISTRICT, INCLUDING CONTRACTS OR LEASES (THE
"BONDS") , ALL FOR THE PURPOSE OF
• EXPANDING THE EXISTING RECREATION CENTER AND PROVIDING PARK AND RECREATION
::MPROVEMENTS TO BETTER SERVE THE DISTRICT AND THE COMMUNITIES WITHIN THE
DISTRICT THROUGH INTERGOVERNMENTAL COOPERATION BY PAYING, FINANCING OR
REIMBURSING ALL OR ANY PART OF THE COSTS OF ACQUIRING, DESIGNING,
CONSTRUCTING, RELOCATING, INSTALLING, COMPLETING, IMPROVING AND OTHERWISE
PROVIDING PARKS AND RECREATION IMPROVEMENTS AND ANY OTHER ACTIVE OR PASSIVE
RECREATIONAL USES, WITH ALL NECESSARY, INCIDENTAL, AND APPURTENANT
FACILITIES, FENCING, EQUIPMENT, MONUMENTATION, AND EXTENSIONS OR EXPANSIONS
OF AND IMPROVEMENTS TO SUCH FACILITIES WITHIN AND WITHOUT THE BOUNDARIES OE
THE DISTRICT,
AND REFUNDING, REFINANCING OR DEFEASING ANY OR ALL OF THE DISTRICT' S $215, 001
GENERAL OBLIGATION BONDS, SERIES 1994 (THE "REFUNDED BONDS") AT AN INTEREST
RATE THAT IS HIGHER THAN THE INTEREST RATE ON THE REFUNDED BONDS; BY THE,
ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS WHICH SHALL BEAR INTEREST AT
A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 7 .25% AND MATURE. BE
SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM, AND BE ISSUED, DATED AND SOLO
AT SUCH TIME OR TIMES, AT SUCH PRICES (AT, ABOVE OR. BELOW PAR) AND 1N SUCH
MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT HEREWITH, AS THE BOARD OF
DIRECTORS OF THE DISTRICT MAY DETERMINE; SHALL AD VALOREM PROPERTY TAXES BF.
LEVIED IN ANY YEAR, WITHOUT LIMITATION AS TO RATE OR AMOUNT OR ANY CTHEF
CONDITION, TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH
BONDS; AND SHALL THE EARNINGS ON THE INVESTMENT OF THE REVENUES FROM SUCH
TAXES AND OF THE PROCEEDS OF SUCH BONDS (REGARDLESS OF AMOUNT) CONSTITUTE T
VOTER-APPROVED REVENUE CHANGE?
Total District Fiscal Year Spending:
2000 (estimated) $563, 102 (includes $100, 404 bond principal)
1999 (actual) $543, 152 (includes $97, 372 bond principal)
1998 (actual) $536, 467 (includes 985, 939 bond principal)
1997 (actual) $435, 106 (includes 960, 672 bond principal)
1996 (actual) $421, 439 (includes $55, 480 bond principal)
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Overall percentage change from 1996 to 2000: 34%
Overall dollar change from 1996 to 2000: $141, 663
Proposed District Tax Increase:
Estimated first full fiscal year maximum
dollar amount of increase: $ 475, 000
Estimated first full fiscal year spending
without the increase: $ 718, 860
Proposed District Bonded Debt:
Principal Amount: $4, 100, 000
Maximum Annual Repayment Cost: $ 475, 000
Total Repayment Cost: $9, 311, 000
Current District Bonded Debt:
Principal Amount Outstanding: $ 315, 000
Maximum Annual Repayment Cost: $ 118, 545
Remaining Total Repayment Cost: $ 352, 940
Summary of Written Comments For Ballot Issue No. 5A:
District has set a :nigh standard of providing a variety of quality
recreational opportunities for people of all ages, while keeping costs low.
They have worked hard to make sure that this goal has been met.
But the District is at a standstill. They have done everything they can with
the existing facilities. Increasingly, over the past two years, all the
District' s facilities have become more crowded. Many residents have called
upon the District for action, change and improvement.
With a growth rate of 12% annually over the past five years, and 4, 00C new
homes expected to be built this year in the Tri-Towr. area, District has seen
the need to expand recreational opportunities. This means the provision of
services to more people and to a wider variety of interests and age levels.
Everyone in the community should be pleased with the variety of programs and
the quality of facilities available for recreation.
Congestion of the present facility due to growth and increase in population
makes it inevitable that updates will be required. It is irresponsible for
the Board and staff to ignore these facts. A committee was formed with
professional advisement from bond attorneys and architects collected, studied
and decisions made all year long. This is not an idea that the Board came up
with in the last two weeks. Many hours were put into this study, including a
survey of what the voters wanted.
The plan includes an expanded Recreation Center and working with all Three
communities to provide a wider range of opportunities without an increase in
taxes. The current bond mill levy will continue and pay for the new
facilities. This program will benefit the entire community, including
business owners and residents . The growth that is taking place will be able
to pay for these recreation improvements.
VOTE YES and you will be voting for improvements to the Recreation Center
including expanding the gymnasium and improving the pool with additions of a
kiddie pool and hot tub. Other improvements may include an indoor track,
racquetball courts, weight/cardiovascular room and community room with
kitchen. Also, a small portion of the total bond would be used to help the
Towns and City complete future projects.
All of these improvements can happen with our support by voting YES and a:.I
this can be done without an increase in taxes.
All residents will be the benefits in additional service to be enjoyed by
people of all ages. The quality of life will be measurably enhanced with nc.
increase in taxes already paid to District. If growth is to pay its way, we
need to have Board members and staff that capitalize on these types of revenue
sources. The current mill levy will only be extended for 15 years, no: ar.
increase in the mill levy itself.
The current action of the Board and staff and voters will improve the health,
wel°are and wellbeing of the District citizens.
Vote YES to provide increased recreational opportunities for the community.
Summary of Written Comments Against Ballot Issue No. ':,A:
I want to encourage a NO vote on this bond issue oecause I feel that the
citizens of our community are being misled by statements being made by the
District that this issue would not be a tax. increase. The current bond ends
in :3 years, thus the mll levy would then decrease. This bond issue is asking
for a 15 year extension, which in fact would be a tax increase and should be
viewed as one.
I want to express my concern about the Carbon Valley Park and Recreation
District bond issue and encourage a NO vote for the following reasons . The
towns have not been fully informed that a partial completion is being
attempted. The board members themselves have expressed concern that they do
not have actual costs nor adequate planning and yet they have voted to put.
this on the ballot. No staff or board member has the education or experience
to oversee a commercial construction project. This will be an expensive
mistake for the citizens.
I would like to express why the citizens of the Carbon Valley Park and
Recreation District should note NO on the bond issue question this EaLl.
There is no plan to be self sufficient. This district expects to continue on
the tax dole without ever considering how they can design a building that can
bring in revenue and support itself. Citizens are tired of paying out taxes
and should vote NO.
i want to respond to the ballot bond issue of the Carbon Valley Park and
Recreation District. The citizens should vote NO because the board has nc
maser plan for the 3 towns, there is insufficient money for the promises they
have made to the citizens and they are planning a partial completion of thi:
project. In a word, they are disorganized. The original building has.
problems that are not being addressed such as a new dehumidifying unit, a new
hea_ing system and a new permanent water proofing on the pool walls. Don I
let this become a white elephant.
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