April 4, 2017 Ballot Issues–Infrastructure Improvement bonds

Q.  Why does the City need to improve infrastructure?

The City of Warrensburg provides a high level of service through efficient use of dedicated, hard-working personnel. Under Focus I of the Fiscal Year 2017 Strategic Plan, the City has identified three key projects for funding outside of our current revenue levels that place emphasis on investing in infrastructure.

These projects are as followed:

Veterans Road Phase I from Enterprise to Cayhill – Currently there is only one point of ingress and egress along Veterans Road, this extension will provide a second access route for emergency services, connection to retail services and promote growth within the City. This project was identified and approved to be included in the 2017-2021 Community Investment Plan.

Veterans Road Phase II – Identified as a priority site for development, this piece of Veterans Road will serve as the main thoroughfare into a new northeastern business park. This initiative was identified and included in the 2017 Strategic Plan (Focus I, Objective 4, Strategy A).

City-Wide Traffic Signal Upgrades – There are 19 controlled intersections in Warrensburg with signals that have become out dated. For better traffic flow, energy conservation, and maintenance efficiencies, these signals need upgrading. This project was identified and approved to be included in the 2017-2021 Community Investment Plan, and was also included in the 2017 Strategic Plan (Focus I, Objective 3, Strategy C).

Q.  What is a GO (General Obligation) Bond?

A general obligation bond (GO) is a municipal bond backed by the credit and taxing power of the issuing jurisdiction rather than the revenue from a given project. General obligation bonds are issued with the belief that a municipality will be able to repay its debt obligation through taxation or revenue from projects. No assets are used as collateral. Read more at: http://www.investopedia.com/terms/g/generalobligationbond.asp#ixzz4ZdSYUspR

Q. What should Warrensburg residents know about April 4th, 2017 ballot issues?

  1. The proposed Infrastructure Improvement bonds will be $3,500,000.
  2. The assessment increase is $0.45 per $100 of assessed value. See chart listed below.
  3. The bonds mature in 5 years at which time they will be retired unless renewed by the public.
  4. These bonds are needed due to current revenue levels not able to fully support the infrastructure needs of the City.
  5. There are two separate issues on the ballot. One for Fire Apparatus and Equipment and one for Infrastructure improvements like street signals and transportation issues. It is important to invest in an East to West corridor on the North side of Highway 50 to heighten the potential of future economic growth, and maintain healthy traffic flow throughout the community.
  6. Both measures need a four sevenths (4/7) majority to pass.
  7. Each measure will pass or fail separately.

Infrastructure Improvements Bonds Rate chart

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