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OFFICIAL BALLOT CITY OF LAKE WORTH, FLORIDA
BOND
REFERENDUM ELECTION – AUGUST 26, 2014
APPROVAL
OF "LAKE WORTH 2020" BONDS FOR PUBLIC INFRASTRUCTURE PROJECTS WITHIN THE CITY.
Shall
the City of Lake Worth be authorized to issue bonds to acquire and improve
roadway, sidewalk, streetlight, streetscape, drainage and water and sewer
facilities located within the City in one or more series not exceeding a total
principal amount of $63,500,000, payable from an annual ad valorem tax maturing
not later than 30 years from the date of each issuance and bearing interest at
a rate not exceeding the maximum legal rate.
For bonds ___________ Against bonds______________
3 comments:
What is the legal maximum rate? Is it like a charge card rate? It appears that the 3rd part of this bond could go out an additional 5 years when they take the money in year 5?
Ask one of the commissioners--surely they will have the answers as they voted for it.
No one can tell you how much it will cost, its dependent on 15 different variables.
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