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GO Bond Issues

 

 

Silverware Clock

Tuesday, March 28, 2017.11:45 to 1:00 pm.

Arrive early for seating

program at12:00

We'll meet at Green River Chinese Restaurant

They are located at

2100 E 12th St. and Brooklyn

Open Buffet for our members and attendees.

 

Guest speaker:City Manager of Kansas City MO

Troy SchulteTroy.Schulte@kcmo.org

 

Topic:

Go Bond Issues

Q and A to follow.

 

Cost: $20 for Food & Presentation

 

PAY ONLINE HERE!and shorten the line.

GO Bond: Capital Improvements Proposal

The City Council has passed an ordinance placing an $800 million infrastructure repair plan on the April 4 ballot, seeking resident approval for a comprehensive capital improvements program. The program would use revenue created by issuing approximately $40 million in General Obligation (GO) bonds each year for 20 years.

Question #1 calls for approving the issuance of $600 million in bonds to repair streets, bridges and sidewalks. This would include trails. The City would use $150 million of these bonds to create a new, city-fundedsidewalk repair programthat eliminates the homeowner assessment.

Question #2 calls for approving the issuance of $150 million in bonds to improve flood control to prevent floodwaters from backing up into homes and businesses.

Question #3 calls for approving the issuance of $50 million in bonds to repair public buildings. This would include replacing the outdated animal shelter, in partnership with private fundraising, and renovating public buildings to satisfy federal ADA requirements.

A key feature of the plan calls for a complete change in the way the City repairs sidewalks. The bonds would create revenue to allow the City to pay for residential sidewalks repairs, rather than charging homeowners. The city would create a program to systematically evaluate, repair and replace sidewalks. The goal is to make it through two citywide cycles over 20 years.

The bonds would be repaid through a property tax increase. The chart below shows four examples of average taxpayer impacts. For a household with a $140,000 home and a $15,000 car, the property tax would average an additional $8 each year, rising to an estimated $160 average additional payment in year 20, the final year of the bond program. Please keep in mind that these are averages. In the beginning years, the increase will be more, but then it levels off in the middle and final years, and in some years it declines.

Please, your vote counts.

 

Thanks for doing business with us.

Sincerely,

Rebecca Koop Events Director
NEKCchamber.com

816-231-3312

For Media Inquiries contact Bobbi Baker

IndieAveCid@gmail.com

 

 

Bobbi Baker

CEO/President

Northeast Kansas City Chamber of Commerce

When

Tuesday, Mar 28 @ 12:00 pm - 1:00 pm
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Price: $20.00
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Where

Green River Chinese Restaurant
2100 E 12th St. and Brooklyn
Kansas City, MO 64127
Directions

Who

For more information contact:
Rebecca Koop
Northeast Kansas City Chamber of Commerce
(816) 231-3312

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