Friday, September 21, 2012
CITY OF TUCSON PROPOSITION 409 PUBLIC OPEN HOUSES BONDS FOR CITY STREET IMPROVEMENTS
On the November ballot, Tucson voters will have an opportunity to consider Proposition 409, which will allocate $100 million in General Obligation Bond funds to improve the condition of City streets. Bond funds will be used to restore, repair and resurface streets inside the Tucson city limits. The public is invited to learn more about Proposition 409 at one of three open houses: Monday, September 24, 2012 6 p.m. to 7:30 p.m. Randolph Clubhouse, 600 S. Alvernon Way Wednesday, September 26, 2012 6 p.m. to 7:30 p.m. Quincie Douglas Recreation Center, 1575 E. 36th Street Thursday, September 27, 2012 6 p.m. to 7:30 p.m. Udall Center, 7200 E. Tanque Verde Road At each public open house, City staff will provide a brief presentation beginning at 6:15 p.m. Following the presentation, participants can visit several stations that will be set up to answer questions about the bond package. The Automated Road Analyzer vehicle that the City uses to evaluate street conditions will also be on site for the public to see. General Obligation Bonds are a common financing tool used by local governments to pay for infrastructure improvements. The estimated residential tax impact of this bond program is $18 per year per $100,000 of full cash value, as determined by the Pima County Assessor. The bonds will be repaid through the City’s secondary property tax, resulting in an estimated average rate increase of 33 cents. If approved by voters, the bond funds will be invested in street resurfacing over a five-year period. All work will be competitively bid out to private contractors. Approximately 85 percent of bond funds will be allocated to major streets with the remainder allocated to neighborhood streets. As part of the program, approximately 130 miles of major streets and 114 miles of neighborhood streets will be resurfaced. The Mayor and Council have adopted a Truth in Bonding Policy to ensure that no change can be made to the purpose of the bond funds without going back to voters for approval. For more information on the bond program, visit www.tucsonaz.gov/streetbonds or call 791-4204.