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>1* Elk River Community Center and <br /> Elk Park Improvement Referendum <br /> River See full study at www.ElkRiverMN.gov/parksandrec <br /> Taskforce The Elk River City Council chose to pose the <br /> Realizing impending capital needs to maintain referendum question during the quadrennial <br /> existing park facilities following the Park Master presidential election cycle to ensure the greatest <br /> Planning Process, the City Council charged a task voter turnout for this important ballot measure. <br /> force to work with jLG Architects to consider The Council understands the significant cost of <br /> the feasibility of a new multi-purpose facility and the investment into a multipurpose facility and <br /> scheduled improvements. The task force found the wanted to ensure well-informed voters understand <br /> best option for long-term liability was to invest in a the financial impacts of approving or failing the <br /> new facility. referendum. <br /> ‘41* <br /> City Questions <br /> City of Elk River <br /> Feasibility Study Building Options (To vote lor a question NI in the oval next <br /> to the word'Yes-on that Question To vote <br /> Addition/Renovation Improvements (low) $23M against a question,411 in the oval next to <br /> the word'No'on Oral question <br /> Addition/Renovation Improvements (high) $32.2M city Question 1 <br /> New Facility (Base Building) $30-$32M GENERAL OBLIGATION BONDS FOR <br /> COMMUNITY CENTER AND PARK <br /> Future Option - 3rd Ice Sheet $6M IMPROVEMENTS <br /> p Shall the Dry o1 Ek Rover be authorized m <br /> Future Option -Inflatable Dome $5M issue its general obligation bonds <br /> �.+ raiding any bonds issued to refund such <br /> O bondsin an amount nOt 10 exceed <br /> ,—i 570.000 00010 provide funds far the <br /> '~ acquiiort.construction and betterment of <br /> Ma mutrpurpose commuraty center and park <br /> F+�I improvement p!olects? <br /> � O r« <br /> $2 million in park improvements are A� o <br /> leo <br /> included in the referendum to replace E BY VOTING"YES"ON THIS BALLOT <br /> QUESTION,YOU ARE VOTING FOR A <br /> failing infrastructure and to set aside in I PROPERTY TAX INCREASECA . <br /> City Question 2 <br /> the Park Improvement Fund for future ( GENERAL OBL IGAT ION BONOS FOR <br /> D PROG <br /> park improvements identified in the YEAR RA ATHLETIC SPACEMABLE <br /> Parks Master Plan. If Question No 1 is approved,Shall Me <br /> City of Elk River also be wearied to <br /> Issue Its general chignon bonds. <br /> including any bonds issued to refund such <br /> bonds.in an additional amount not to <br /> exceed scampi)to provide funds for the <br /> acquisition,construction and betterment of <br /> a year-round programmable athletic space <br /> "'' prOlect7 <br /> 0 Yes <br /> p No <br /> Y :i 1 Y r BY VOTING"YES'ON THIS BALLOT <br /> QUESTION,YOU ARE VOTING FORA <br /> PROPERTY TAX INCREASE. <br /> r <br /> 11aw. <br /> p. • <br /> z ' `" Home valued at $200,000 <br /> 4 <br /> the property tax increase <br /> l' • is estimated to be $99 <br /> per year for a $30 million <br /> , ;, , ri bond issue payable over <br /> ; fi;<, '' 25 years. <br />