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Eldorado Springs Public Improvement District · 6A · Boulder County

Up to $1 million in debt (repayment up to $1.44 million) for wastewater treatment plant improvements

Official ballot wording

SHALL ELDORADO SPRINGS PUBLIC IMPROVEMENT DISTRICT OF BOULDER COUNTY DEBT (FOR ELDORADO SPRINGS LOCAL IMPROVEMENT DISTRICT NO. 3) BE INCREASED BY UP TO $1,000,000, WITH A MAXIMUM REPAYMENT COST OF UP TO $1,440,000 (SUCH AMOUNTS TO BE REDUCED TO THE EXTENT PROJECTED COSTS OR LOAN RATES HAVE BEEN OVER-ESTIMATED, OR TO THE EXTENT ADDITIONAL SOURCES OF FUNDING, IF ANY, ARE SECURED) FOR THE PURPOSE OF FINANCING THE COSTS OF IMPROVEMENTS TO THE ELDORADO SPRINGS WASTEWATER TREATMENT PLANT AND ANY COSTS NECESSARY OR INCIDENTAL THERETO, INCLUDING WITHOUT LIMITATION THE COST OF ESTABLISHING RESERVES TO SECURE THE PAYMENT OF SUCH DEBT; SHALL SUCH DEBT BEAR INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 4% AND BE PAYABLE FROM SPECIAL ASSESSMENTS IMPOSED AGAINST BENEFITED PROPERTIES WITHIN THE LOCAL IMPROVEMENT DISTRICT AND FROM OTHER FUNDS THAT MAY BE LAWFULLY PLEDGED TO THE PAYMENT OF SUCH DEBT; AND SHALL THE REVENUES FROM SUCH SPECIAL ASSESSMENTS AND ANY EARNINGS THEREON AND FROM THE INVESTMENT OF THE PROCEEDS OF SUCH DEBT CONSTITUTE A VOTER-APPROVED REVENUE CHANGE; ALL IN ACCORDANCE WITH RESOLUTION NO. 2026-003 OF THE BOARD OF DIRECTORS OF THE PUBLIC IMPROVEMENT DISTRICT?

Official sources