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Bond Referendum Public Information Meetings Planned for Roswell

The first meeting takes place mid-September.

On Nov. 6, Roswell voters will be asked to decide on a $14.7 million bond referendum for capital projects throughout the city. In an effort to educate voters on the bond referendum and projects, the city has scheduled several public information meetings at various locations throughout Roswell.

Meeting dates, times and locations include:

  • - Sept. 18 at 2 p.m.-4 p.m.
  • - Sept. 27 at 6:30 p.m.-8 p.m.
  • - Oct. 1  at 6:30 p.m.-8 p.m.
  • - Oct. 11 at 6:30 p.m.-8 p.m.

After a brief presentation, residents will have the opportunity to discuss project details with city staff. The project list includes:

  • Holcomb Bridge/400 Interchange improvements - $6 million
  • A replacement of Fire Station # 4 - $1.5 million
  • Eves Road multi-use path and bike lanes - $1.2 million
  • Holcomb Bridge Road multi-use trail (segment 4) - $1.5 million
  • Adult Recreation Center upgrades including a therapeutic pool - $2.5 million
  • Synthetic turf fields (4 fields) - $2 million

Visit the city's website for more information on the Bond Referendum.

Lee Fleck September 20, 2012 at 12:10 AM
Ah, it‘s always a pleasure watching the City Government refuse to admit the truth or that they are wrong. The following link is the specific document that the Roswell Finance Director, Keith Lee presented to Roswell City Council immediately preceding their vote to approve the budget. https://docs.google.com/document/d/17dwKtMqUf0xnzv_cZWExQR2lSWEirLl9GnSee8zi3z4/edit And it specifically stated the terms of the bond to be for a period of 15 years at a cost of $1.6 million annually. It is simple math after that. I find it perfectly acceptable to challenge the City Government when such inaccurate documents exist. Especially when documents such as this were the foundation for the Council’s approval of the bond on August 13. But it is nice for the city to finally come forward with the precise costs of the bond referendum. More to come about the wording of the referendum.
Lee Fleck September 20, 2012 at 01:10 AM
Keith, It’s always nice to discuss city financial matters with you, but why no mention about the fact the administration has no intentions of eliminating the debt service income when the city is debt free as the Mayor was quoted saying in the Nov 10, 2011 edition of the Roswell Neighbor, specifically “In 2014 we would be debt-free if we do not incur new debt and we could reduce our millage rate by 1.5 to 4 mills, which is a substantial decrease”. Your comments during the August 13 Council meeting make it abundantly clear that the intentions are NOT to reduce the total millage rate but keep collecting property owners monies to the tune of an additional $6.3 million annually in the General Fund. Rolling over debt money into day to day operations so the City Government to spend as it did with the $32 million in excess reserves for the last four years. See our comments in the link to Aug 13 council minutes at: https://docs.google.com/document/d/15NW-0J0sjKoNTJRvQ3_iEbAI8Sk8UJadFTFcglKZRo8/edit And please tell me when is a representative of City Government going to come out and admit that the city will be advertising a property tax increase each June for the next two years which is a requirement by state law when the city rolls over any or all of that $6.3 million into the General Fund. The Mayor has refused to answer that question, how about you or Ms. Brechhill? Please speak up !
Lee Fleck September 20, 2012 at 01:36 AM
The bond referendum is worded such that it allows City Government the flexibility to move money around and spend it at the discretion of Council on a plethora of options. This bond referendum is a blank check. It’s easy to read it: SHALL GENERAL OBLIGATION BONDS IN THE AGGREGATE AMOUNT OF $14,700,000.00 BE ISSUED BY THE CITY OF ROSWELL, GEORGIA TO FINANCE THE COST OF ACQUISITION, DESIGN AND/OR DEVELOPMENT OF REAL AND/OR PERSONAL PROPERTY FOR TRANSPORTATION AND PUBLIC WORKS INFRASTRUCTURE IMPROVEMENT PURPOSES INCLUDING TRAFFIC MITIGATION, FACILITY DESIGN AND DEVELOPMENT, PEDESTRIAN AMENITIES, INTERSECTION IMPROVEMENTS, SIDEWALKS, MULTIUSE TRAILS AND SAFETY RELATED STREET IMPROVEMENTS; TO FINANCE THE COST OF ACQUISITION, DESIGN AND/OR DEVELOPMENT OF REAL AND/OR PERSONAL PROPERTY FOR RECREATIONAL FIELDS AND PARK FACILITIES TOGETHER WITH FURNITURE, FIXTURES AND EQUIPMENT RELATED THERETO; AND TO FINANCE THE ACQUISITION, DESIGN AND/OR DEVELOPMENT OF A FIRE STATION TOGETHER WITH FURNITURE, FIXTURES AND EQUIPMENT RELATED THERETO. Even Mayor Wood disagreed with the wording suggesting bonds for each of the items spelled out to allow voters choose which to approve. Council chose a very broad “one category” statement authorizing expenditures of $14.7 million in broad catagories nearly everywhere in the city. This reality can be confirmed at the link to Council meeting minutes. https://docs.google.com/document/d/15NW-0J0sjKoNTJRvQ3_iEbAI8Sk8UJadFTFcglKZRo8/edit
Concerned Resident September 24, 2012 at 01:09 PM
I think the concern is not the list of projects, but the lack of wording in the bond issue that would guarantee the money is actually spent on the listed projects after the bond is issued. As it stands now, it appears there is nothing preventing the funds from being reallocated after the issue.
Concerned Resident September 24, 2012 at 01:29 PM
I'm not an expert on public financing. Can you explain again how the bond issue actually saves money in the long run due to inflation and the rising construction costs you mention? Are you saying that the interest rate you'd pay on the loan is lower then the rate of inflation?

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