CITY OF FORT COLLINS REFERRED ISSUE 2B
A CITY-INITIATED BALLOT ISSUE PERTAINING TO A MULTIPLE FISCAL YEAR FINANCIAL
OBLIGATION IN CONNECTION WITH THE
TIMBERLINE AND PROSPECT SPECIAL IMPROVEMENT DISTRICT NO. 94
SHALL CITY OF FORT COLLINS DEBT BE INCREASED BY UP TO $2.5 MILLION IN PRINCIPAL AMOUNT, WITH A REPAYMENT COST OF UP TO $3,325,000 TOTAL PRINCIPAL AND INTEREST, BY THE EXECUTION OF A MULTIPLE YEAR FINANCIAL AGREEMENT UNDER WHICH THE CITY WOULD REPAY CERTAIN PROPERTY OWNERS WITHIN THE TIMBERLINE AND PROSPECT SPECIAL IMPROVEMENT DISTRICT NO. 94 WHO HAVE ADVANCED THE COST OF THE IMPROVEMENTS TO BE CONSTRUCTED WITHIN SUCH SPECIAL IMPROVEMENT DISTRICT, WITH THE CITY'S FINANCIAL OBLIGATIONS UNDER THE AGREEMENT TO BE PAYABLE SOLELY FROM SPECIAL ASSESSMENTS LEVIED AGAINST PROPERTIES LOCATED WITHIN THE SPECIAL IMPROVEMENT DISTRICT?
_____ YES
_____ NO
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