Subject:
Title
Resolution calling for a Referendum of Bond Issue for Environmentally Endangered Lands
End
Fiscal Impact:
With voter approval, $50M in Bonds to be paid for by a 20 year ad valorem tax not exceeding .1465mils
Dept/Office:
District 5 / D5
Requested Action:
Recommendation
Request that the Board consider adopting the attached Resolution calling for a Referendum of Bond Issue for the continuation of the Environmentally Endangered Lands Program.
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Summary Explanation and Background:
This Resolution provides for a bond referendum on the November 8, 2022 ballot for the voters to consider whether Brevard County should issue bonds, not to exceed $50M, to extend the Environmentally Endangered Lands Program which bonds would fund the acquisition and management of said lands. The bonds would be paid over a period of 20 years from an ad valorem tax levy not exceeding .1465 mills. The Resolution has been reviewed by the County Attorney’s Office and the County’s Bond Counsel.
Clerk to the Board Instructions:
Return a signed copy of the resolution to the Supervisor of Elections, the County Manager, and the County Attorney