THANK YOU FOR YOUR INTEREST IN THE BOND REFERENDUM. THIS WAS APPROVED BY VOTERS ON NOV. 3, 2015. CHECK BACK FOR OUR REPORTING OUT ON PROGRESS TOWARD MAKING THESE PUBLIC IMPROVEMENTS THROUGHOUT THE COMMUNITY!
The Town Council has approved putting a $40.3 million general obligation (G.O.) bond on this November's ballot. The bond would fund streets and sidewalks, trails and greenways, recreation facilities, solid waste facilities and stormwater improvements. Chapel Hill voters will decide whether to give the Town the borrowing authority for the bonds.
The Town hosted a Come Learn With Us session on the Bond Referendum Thursday, Oct. 15. You can find more information at townofchapelhill.org/comelearnwithus.
- A general obligation (G.O.) bond is long-term borrowing in which the Town pledges its full faith and credit (taxing power) to repay the debt over a specified term.
- The bond referendum would not require a tax increase. The Debt Fund has capacity to repay the debt with the existing dedicated tax.
- The bonds would fund projects identified from extensive planning via the Community Survey, The Bike Plan, Greenways Master Plan, Comprehensive Parks Plan and other efforts.
- An approved referendum gives authority to issue debt within seven years from a passing of the referendum.
- There is a dedicated funding source for the repayment of the bonds, so that the repayment of bonds will not compete with other Town funding needs.
To pay the principal and interest on the stormwater referendum bonds, there would be an annual stormwater fee increase of about $15 to $20 for the typical residential property.
Bond projects are identified in various plans created with extensive public input and participation, including the following:
- Chapel Hill 2020
- Greenways Master Plan
- Chapel Hill Bike Plan
- Comprehensive Parks Plan
- Solid Waste Facilities
- Comprehensive Review of Solid Waste Collection and Disposal Options
- Stormwater Master Plan
- Streetscape Master Plan
- Community Survey
The last day to register to vote is Friday, Oct. 9, 2015. Early voting begins Oct. 22. For more information, contact the Orange County Boards of Elections at 919-245-2350 or firstname.lastname@example.org.
For Durham County residents of Chapel Hill, contact the Durham County Board of Elections at 919-560-0691 or email@example.com.
- Chapel Hill prepares for vote on $40.3 million bond referendum (The Daily Tar Heel - 10/19/15)
- Chapel Hill Voters To Consider $40.3 Million Bond For Capital Improvements (WCHL & Chapelboro.com - 10/14/15)
- Chapel Hill bond would fund town priorities (The Chapel Hill News - 10/12/15)
- Town leaders seek $40 million in bonds from Chapel Hill voters (WNCN - 6/23/15)
- Town Council Moves Forward With $40M Bond (WCHL & Chapelboro.com - 4/28/15)