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Bond

Saturday, March 30, 2013

Holcomb Bridge Road Interchange Projects Could Begin Summer 2014

Funding is coming from a voter-approved bond and the Georgia Department of Transportation.

Local residents and passers-through Roswell could begin to see signs of progress surrounding the Holcomb Bridge Road/Ga 400 interchange in 2014, according to the city. Enhancements to the heavily congested interchange have long been demanded by commuters, but never actually funded - until now. "As a general summary, you should see construction activity starting as early as next summer," said Roswell Department of Transportation Director Steve Acenbrak. The initiative as a whole is being treated as three separate bond projects, according to Acenbrak. Both a bond approved by city residents and money provided by the Georgia Department of Transportation will fund the projects. See the full project study and infographic in the PDFs attached to …

MKO

9:53 am on Monday, April 1, 2013

Including property owners who may lose their properties...   more ›

Thursday, November 8, 2012

Letter to the Editor

Mayor: 'Roswell's Future is Bright'

Roswell Mayor Jere Wood has instructed city staff to begin work on projects that will be funded by the bond approved by voters on Tuesday.

On November 6, two-thirds of Roswell voted to approve the city’s borrowing $14.7 million dollars. [Wednesday] morning, I directed staff to begin the work to be funded by this loan – 400/Holcomb Bridge Road interchange improvements ($6 million), multi-purpose trails along Holcomb Bridge and Eves Road ($2.7 million), 4 athletic turf fields for our children ($2 million), a therapeutic pool for our seniors ($2.5 million), and replacement of the old fire station on Holcomb Bridge Road ($1.5 million). Despite a struggling economy and vocal opposition, the voters of Roswell approved these investments by a wide margin in every precinct across the city. The regional sales tax for transportation failed to pass earlier this year because the voters of…

Wednesday, October 24, 2012

Letter to the Editor

'7 Reasons I'll Vote No on the Roswell City Bond'

Local resident Jake Lilley recounts a recent informational meeting as further reasoning on why he will vote no to the upcoming bond in Roswell.

On Nov. 6, the citizens of Roswell will be asked to approve a 10 year, $14.7 million dollar debt, in the form of a bond. But according to Roswell for Fiscal Responsibility (RFFR), Roswell City Government has been selective with the facts and has not been transparent with the voters of Roswell.   After comparing the information provided by Roswell City Government to the research conducted by RFFR, I have compiled of list of findings that I believe should be considered by the voters of Roswell on Election Day. It may surprise voters to learn that the proposed project list, as advertised by Roswell City Government is not binding. This is a general obligation bond and as such, if the bond is approved then Roswell city government will have the …

Lee Fleck

8:12 am on Thursday, October 25, 2012

A $6 million investment to beautify the GA400 / Holcomb Bridge interchange that is projected to save the average driver 10 seconds twice a day is not remedial. It a waste of property owners money!!   more ›

Wednesday, October 10, 2012

Roswell to Hold First Virtual Public Information Meeting, Oct. 16

Hop online Tuesday, Oct. 16 from 6:30 p.m.-7:30 p.m. to find out more about the Nov. 6 bond referendum items.

The city of Roswell will host its first-ever Virtual Public Information meeting on the upcoming Nov. 6 Bond Referendum on Tuesday, Oct. 16. Participants are encouraged to register in advance of the meeting to familiarize themselves with the format. Meeting information and the link to register are available online. This online meeting will be an opportunity to learn more about what a bond referendum is, what projects could be funded through the bond and to ask questions about the bond. Panelists will include City Administrator Kay Love, Deputy City Administrator Michael Fischer, Finance Director Keith Lee, Transportation Director Steve Acenbrak, Fire Chief Ricky Spencer and Parks Administrator Jeff Pruitt. The city has held several public …

Wednesday, September 19, 2012

Roswell Bond Information Meetings Underway

The city's website gives more detail into each of the proposed bond projects.

While the nation focuses on choosing the U.S. President, Roswell residents will also have the task of deciding whether or not to approve a $14.7 million bond referendum during the Nov. 6 election. The bond will be used to fund several capital projects, say city leaders. More information on each of the proposed projects can be found on the city's website. They include: Infrastructure Improvements Eves Road Complete Street Holcomb Bridge Road Multi-Use Trail Holcomb Bridge Road/400 Aesthetics Holcomb Bridge Road/400 Early NB Off Ramp Holcomb Bridge Road/400 SB Off Ramp Holcomb Bridge Road/400 SB On Ramp Holcomb Bridge Road/400 WB Thru Lane Public Safety Fire Station #4 Recreation & Parks Synthetic Turf Fields Adult Recreation Center-…

Lee Fleck

8:44 pm on Monday, September 24, 2012

Illegal for Roswell to Promote Bond Referendum: Here is the Georgia State statute relating to the illegality of a municipality using taxpayers funds to promote a yes vote for a bond. Keep in mind city employees earning financial compensation at public meetings to promote a yes vote is suspect and likely grounds for legal actions. Pursuant to O.C.G.A. 21-5-30.2 (b), government agencies, including …   more ›

Tuesday, August 14, 2012

Roswell Voters To Face Question of Bond on November Ballot

Roswell City Council approved sending a $14.7 million bond to referendum, which will be accepted or denied by voters in November.

When Roswell voters go to the polls in November, in addition to national and state races, they'll now also decide one very crucial local issue - to bond, or not to bond. Hoping to scratch some capital improvement projects off the city's lengthy to-do list, Roswell City Council approved sending a $14.7 million bond referendum to voters during the upcoming election. The city held a special called work session last week on Aug. 6, which proposed bonding $24 million in projects. But after further committee meetings and work sessions, Roswell City Councilman Rich Dippolitto proposed narrowing the list further to $14.7 million in projects "we can fund immediately," including: These are projects that are already moving forward and are perfect for…

Lee Fleck

9:16 pm on Wednesday, August 15, 2012

Roswell's 25 % Property Tax Increase is coming: http://roswell.patch.com/blog_posts/buckle-up-roswell-here-comes-another-proposed-stealth-tax-increase   more ›

Wednesday, August 8, 2012

Council to Vote on Bond Issue Monday

Roswell City Council is expected to decide whether they will send a $24 million bond referendum to voters in November during the meeting next Monday, Aug. 13.

Over the course of several hours and following what was at times a heated debate, Roswell City Council consented to placing an item regarding a proposed bond referendum on the council agenda for next week. The proposal comes on the heels of a failed penny tax for transpotration projects throughout the metro area. Now the city council must now decide if and when Roswell should bond $24 million to be used for capital improvement projects which often get sidelined at annual budget time in order to keep property taxes down. According to city staff and council, the two $12 million bonds would not put more of a burden on city taxpayers since the timing of the new bonds essentially begin when the prior bonds are paid off. Roswell City …

Jake Lilley

7:30 am on Thursday, August 9, 2012

Bond = fancy word for debt. Boot the Bond!   more ›

Friday, August 3, 2012

Roswell City Council to Discuss Potential Bond

The council will meet Monday, Aug. 6, at 5 p.m. in room 220 of Roswell City Hall.

Despite it being an off week for Roswell City Council, the elected body will meet Monday, Aug. 6, for a special called work session regarding a possible bond referendum to be placed on the ballot this November. The referendum would presumably ask local residents whether or not they would approve two $12 million bonds - or $24 million in total - to be used toward capital fund projects. In a letter addressed to Roswell Mayor Jere Wood and Roswell City Council members, the city's Director of Finance Keith Lee said the focus of the meeting would be to go over Roswell's project list priorities, which were presented to residents in an open house earlier this year. The city will be paying off its current bonds in 2014 and 2015. Funding large …

Comment_arrow

Lilot Moorman

6:02 pm on Saturday, August 4, 2012

Actually, Kristine, the availability of biking and walking trails is a major draw for people considering moving here.   more ›

Monday, January 23, 2012

Roswell Council Members Discuss Bond Issue at Forum

Members of the Roswell City Council discussed proposed general revenue bonds at a public forum Sunday afternoon at the Country Club of Roswell.

Although they were buzzing about the South Carolina Republican presidential primary, Roswell City Council members and other local officials still discussed issues within their own jurisdiction during the “Meet Your Elected Officials” public forum at Country Club of Roswell on Sunday afternoon. Despite the open invitation for local citizens to rub elbows with their elected officials, only a handful of people showed up. One issue discussed was the general revenue bond discussed during Mayor Jere Wood’s recent state of the city address. There will be hearings and the bond, tentatively set for $24 million, will come before the voters during November. “I am in favor of (issuing the bonds) as long as we can keep it within the millage rate that …

Jay Small

2:00 pm on Tuesday, January 24, 2012

Mr. Fleck: I, along with other HOA Presidents', were aware of the forum. An email flyer was sent out from the sponsers and we posted on our message boards and let our residents know about it, and encouraged them to attend (that is close to 800 voters just in my neighborhood alone). The fact of why residents of Roswell choose not to go to the event, is a good discussion point that I think we would…   more ›

Tuesday, July 12, 2011

Letter To the Editor: To Bond or Not To Bond, That's the Unanswered Question

A Roswell resident questions the Roswell City Council's seeming lack of transparency.

Dear Editor,  I wonder if transparency lives in the Roswell Council chamber. Are they going to try to put a new bond issue on the November ballot? According to reports in a local newspaper, one councilman said yes just a couple of weeks ago.  Then, shortly after a new fiscal conservative announced his candidacy for a seat on the council, other council members apparently jumped ship announcing, “No, a new bond is off the table.” Which is it, a bond or not? It won’t be a surprise if we have to face it – just take a hard look at Roswell’s financial picture. You’ll see a lot of holes. Where is our money---do we have a surplus?  Over the past four years, the city’s revenue hasn’t come close to its expenditures and that’s a fact.   I’ve seen …

Lee Fleck

8:06 pm on Tuesday, July 12, 2011

Roswell City Council have pulled the plug on a bond referendum for this coming November and that self-serving political decision in conjunction with the expenditure of over $6 million in excess reserves will place Roswell’s AAA bond rating in jeopardy. This will be the end result of a total lack of fiscal restraint over the last four years during which time Roswell’s reserves have dwindled down …   more ›

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