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November 7, 2000 General Election

City of Milton - Proposition No. 1

BALLOT TITLE

PROPOSITION NO. 1
GENERAL OBLIGATION BONDS - $525,000

The City Council of Milton passed Ordinance 1456 concerning this proposition to issue bonds. This proposition would authorize the City to acquire a fire truck and aid car, issue general obligation bonds in an amount not to exceed $525,000 maturing within 5 years to finance such improvements, and levy property taxes annually in excess of regular property tax levies to repay such bonds, all as provided in Ordinance 1456. Should this proposition be:

Approved __   Rejected __

 

EXPLANATORY STATEMENT

The Milton City Council has placed before the voters a proposition, that if approved would authorize the City of Milton to issue up to $525,000 worth of general obligation bonds to provide funds for the purchase of a fire truck and an aid car to improve the health and safety of the residents of the City by replacing a 21 year old fire truck and 16 year old aid car.

The bonds, which would be required to mature within 5 years of their issuance, would be paid for through annual property tax levies to be made upon all taxable property within the city limits of Milton and in excess of the regular non-voted property tax levy, at such rate as may be required to meet such payments, and through any other funds that may become available and may be used for such purposes.

STATEMENT FOR

NO STATEMENT SUBMITTED.

 

REBUTTAL OF STATEMENT AGAINST

NO STATEMENT SUBMITTED.

 

STATEMENT AGAINST

NO STATEMENT SUBMITTED.

 

REBUTTAL OF STATEMENT FOR

NO STATEMENT SUBMITTED.

 

NOTE: The Division of Records and Elections is not authorized to edit statements, nor is it responsible for their contents.

Updated: October 20, 2000


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