2E Bond Update

At the regular general election held on November 8, 2016, the electorate of the City approved ballot question 2E, which temporarily increased the sales and use tax levied by the City by one halfof one percent (3% to 3.5%) for up to 12 years or $38.5 million, whichever occurs first. It also authorized the issuance of debt to finance City investment in public infrastructure to facilitate economic development opportunities. Sales and use tax revenue bonds were issued on May 2, 2017 to finance four specific City investments including Anderson Park, Wadsworth Boulevard, Wheat Ridge Ward Gold Line station development and the Clear Creek Crossing development. The purpose of this study session is to provide an update to City Council on the status of the 2E bond projects, the 2E Bond Fund and to start the conversation concerning a potential extension of the 0.5% tax increase and the issuance of additional bonds for capital infrastructure projects.
  This meeting will be conducted as a virtual meeting and in-person in City Council Chambers (7500 W. 29th Avenue) if allowed to meet in person on that date per COVID-19 restrictions.  Provide public comment here on Wheat Ridge Speaks until noon on July 25, 2022 by selecting the agenda item on which you want to comment.  Refer to the meeting agenda and "how to" document to learn more about participating in the live meeting or to view the meeting live or later.

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2E Bond Update ( 1.19 MB )

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