Capital Improvement Bond Projects
Thank you, Boulder voters, for approving Ballot Item 2A in the November 2011 election.
Ballot Item 2A passed by a 3-to-1 margin, giving the city the authority to leverage existing revenues to bond for up to $49 million to pay for necessary capital investments. Since the bond is paid for with existing revenues, the 2011 ballot item did not raise taxes. The 2011 vote allows the city to implement a list of projects that address significant deficiencies and high-priority infrastructure improvements like roadway reconstruction, park facility upgrades, critical software updates, police equipment needs, and more.
This one-time allocation of funds requires the bond projects to be implemented by March 2015. The city has met that requirement and all projects have been completed.
Project Selection Process
The projects included in the $49 million bond package were chosen by the 16 community members of the Capital Investment Strategy Committee. The committee selected priority projects from a list of capital funding opportunities totaling $700 million. The original $700 million list included items ranging from significant deficiencies to visionary desired investments that were already identified in a variety of city plans but lacked funding.
For the 2011 ballot package, the committee selected projects that:
- address significant deficiencies such as improvements to achieve health and safety standards, maintain industry standards, or meet legal requirements;
- avoid higher-cost investments later;
- reduce rather than increase ongoing operation and maintenance costs;
- provide for ongoing and/or greater efficiency in conducting the city's business; and
- focused new, higher-priority investments in areas of opportunity that reflect community values.
You may notice the Capital Improvement Bond signs posted in various project areas around Boulder.
This is a video segment from the October 3, 2014 episode of Inside Boulder News. For more videos, visit: BoulderChannel8.com
This is a video segment from the August 15, 2014 episode of Inside Boulder News. For more videos, visit: BoulderChannel8.com
This is a video segment from the July 18, 2014 episode of Inside Boulder News. For more videos, visit: BoulderChannel8.com
This is a video segment from the August 1, 2014 episode of Inside Boulder News. For more videos, visit: BoulderChannel8.com