Official Ballot/Special bond election - Ballot, Offical - 11/6/2012 OFFICIAL BALLOT
CITY OF EAGLE
Ada County, Idaho
SPECIAL BOND ELECTION
NOVEMBER 6, 2012
SHALL THE CITY OF EAGLE BE AUTHORIZED TO INCUR AN
INDEBTEDNESS AND ISSUE AND SELL ITS GENERAL
OBLIGATION BONDS IN THE PRINCIPAL AMOUNT NOT TO
EXCEED $1,500,000 TO PAY THE COST OF ACQUISITION OF
CITY HALL, TOGETHER WITH RELATED IMPROVEMENTS AND
COSTS, THE BONDS TO MATURE AND TO BE PAYABLE FROM
A LEVY OF TAXES FOR A TERM WHICH MAY BE LESS THAN
BUT WHICH SHALL NOT EXCEED FIFTEEN (15) YEARS, ALL
AS MORE FULLY PROVIDED IN ORDINANCE NO. 680,
ADOPTED ON AUGUST 28, 2012?
IN FAVOR OF issuing general obligation bonds for the
purposes provided by Ordinance No. 680 [
AGAINST the issuance of general obligation bonds for the
purposes provided by Ordinance No. 680. . . . . [
The following information is required by Section 34-439, Idaho Code:
The anticipated interest rate on the proposed bonds is 3.0% per annum.
The range of anticipated rates is from 2.0% to 5.0% per annum. The total
proposed principal amount to be repaid over the 15-year life of the bonds
is $1,500,000; the total interest anticipated to be paid over the life of the
bonds, based on the anticipated interest rate, is $373,763; the total amount
to be repaid over the life of the bonds is $1,873,763. The City has existing
indebtedness, payable from a bond levy, of approximately $1,149,750,
including interest accrued to the date of election.