(updated 10/2/2008)
Bernalillo County will ask the voters to authorize the issuance of General Obligation bonds for the 2008 bond cycle (years 2009-2010) totaling $ 20,750,000. The projects have been grouped according to their general purposes into six ballot questions. General Obligation Bonds are grouped by purpose so that voters have the option of approving one purpose and not another. Once approved, the funds must be used for the approved purpose only.
A bond represents a debt of money borrowed by a government to finance capital improvement projects. The government promises to repay the amount borrowed, plus interest, over a period of time. The bonds are called "General Obligation" because payment of the debt service (principal plus interest) is a general obligation of the county and its property owners. That is, the bonds are backed by the full faith and credit of the county.
General Obligation bonds require approval by the voters and are repaid from a portion of the property taxes. The current property tax for county bonds is equivalent to $27.66 per $100,000 assessed value. Because old bonds are being retired as the new bonds are requested, passage of the bonds will not result in a property tax increase.
Shall Bernalillo County, New Mexico, be authorized to issue its general obligation bonds, in one series or more, in an aggregate principal amount not exceeding $1,000,000.00, for the purpose of securing funds for the purchase of library books and library resources for the libraries within Bernalillo County, New Mexico, said bonds to be payable from general (ad valorem) taxes to be issued and sold at such time or times, upon such terms and conditions as the Board of County Commissioners may determine and as permitted by law?
| Bond Question 1: Library | ||
|---|---|---|
| $1,000,000 | Provide library automation and materials for the library system | |
| Total Library Books and Materials | $1,000,000 | |
Shall Bernalillo County, New Mexico, be authorized to issue its general obligation bonds, in one series or more, in an aggregate principal amount not exceeding $4,750,000 for the purpose of planning, designing, constructing, equipping and furnishing County buildings used for public safety purposes, including but not limited to facilities construction and improvements required by ADA, said bonds to be payable from general (ad valorem) taxes and to be issued and sold at such time or times, upon such terms and conditions as the Board of County Commissioners may determine and as permitted by law?
| Bond Question 2: Public Safety | ||
|---|---|---|
| $1,500,000 | Design, construct and equip an emergency center in East Mountains | |
| $1,900,000 | Plan, design, construct and equip a Sheriff's Regional Training Academy | |
| $1,350,000 | Planning, designing, constructing, furnishing and equipping Bernalillo County fire safety facilities including: Fire Station 11, Fire Academy Tower and fire stations quarters to meet ADA requirements | |
| Total Public Safety | $4,750,000 | |
Shall Bernalillo County, New Mexico, be authorized to issue its general obligation bonds, in one series or more, in an aggregate principal amount not exceeding $2,500,000 for the purpose of planning, designing, constructing, redeveloping, equipping and furnishing recreational facilities, including compliance with ADA, within the County, said bonds to be payable from general (ad valorem) taxes and to be issued and sold at such time or times, upon such terms and conditions as the Board of County Commissioners may determine and as permitted by law?
| Bond Question 3: Parks & Recreation | ||
|---|---|---|
| $475,000 | Ambassador Edward L. Romero Park, Phase II to include: turf, landscaping, sports courts, off street parking, trail and playground | |
| $750,000 | South Valley Gateway Park, to include plan, design, construct, landscape and equip South Valley Gateway Park per South Valley Gateway Park master plan | |
| $1,275,000 | County recreational facilities, to include planning, designing, constructing, furnishing, equipping, redeveloping and improving County facilities including: parks, playgrounds and pools. Raymond G. Sanchez Community Center and Paradise Hills | |
| Total Parks & Recreation | $2,500,000 | |
Shall Bernalillo County, New Mexico, be authorized to issue its general obligation bonds, in one series or more, in an aggregate principal amount not exceeding $2,000,000. for the purpose of purchasing, planning, designing, constructing, equipping and furnishing a medical clinic, within Bernalillo County, New Mexico, said bonds to be payable from general (ad valorem) taxes and to be issued and sold at such time or times, upon such terms and conditions as the Board of County Commissioners may determine and as permitted by law?
| Bond Question 4: Community Health Services | ||
|---|---|---|
| $ 2,000,000 | Family Health Facilities to plan design, construct, and/or purchase existing facility for public family health services | |
| Total Community Health Services | $2,000,000 | |
Shall Bernalillo County, New Mexico, be authorized to issue its general obligation bonds, in one series or more, in an aggregate principal amount not exceeding $7,000,000 for the purpose of securing funds for the design, construction and repair of roads and related non-motor vehicle pathways within Bernalillo County, New Mexico, said bonds to be payable from general (ad valorem) taxes and to be issued and sold at such time or times, upon such terms and conditions as the Board of County Commissioners may determine and as permitted by law?
| Bond Question 5: | ||
|---|---|---|
| $ 1,500,000 | Asphalt paving of dirt and gravel roads of unincorporated area roadways | |
| $ 129,000 | County Arterial Program Match for NMDOT grants for arterial road paving, drainage and safety | |
| $ 2,500,000 | Eubank Blvd. - Reconstruct/construct to 4-lane facility with traffic signal San Francisco and frontage roads | |
| $ 100,000 | Guardrails- Installation, repair/upgrade guardrails on county maintained roads | |
| $ 500,000 | Lyon/Unser Boulevard NW - Reconstruct with 2 additional turn lanes, bike lanes, sidewalks | |
| $ 300,000 | Sage Road SW -Construct segments of Sage Road to 4 lanes from Coors Blvd. West to municipal limits | |
| $ 100,000 | 118th Street Extension to I-40 | |
| $ 500,000 | Arenal Road Improvements - Implementation of operational, safety and pedestrian improvements on Arenal Road - reconstruction of the approach to Coors and Tapia | |
| $ 250,000 | Blake Road SW - Reconstruct Blake Rd, Southwest from Coors to the city limits | |
| $ 300,000 | Roadway striping and pavement marking county maintained roads | |
| $ 110,000 | Public Works State Cooperative Program - Match for NMDOT grants for road paving, drainage and safety | |
| $ 161,000 | State School Bus Route Program - Match for NMDOT grants for improvements to various school bus routes - paving, drainage and safety | |
| $ 250,000 | Alameda Blvd. Reconstruction/right of way preservation activities from Barstow to Eubank and south to Paseo del Norte - appraise and acquire the additional rights of way for the project | |
| $ 300,000 | Traffic Calming device installation for the unincorporated area | |
| Total Roads | $ 7,000,000 | |
Shall Bernalillo County, New Mexico, be authorized to issue its general obligation bonds, in one series or more, in an aggregate principal amount not exceeding $3,500,000 for the purpose of securing funds for the design, construction and repair of storm sewer and wastewater systems within Bernalillo County, New Mexico, said bonds to be payable from general (ad valorem) taxes and to be issued and sold at such time or times, upon such terms and conditions as the Board of County Commissioners may determine and as permitted by law?
| Bond Question 6: Storm Sewer & Wastewater | ||
|---|---|---|
| $ 3,500,000 | South Valley Flood Reduction - Flood reduction infrastructure in the southwest valley including reconstructing the Isleta, Armijo and Los Padillas drains north and south of Rio Bravo Blvd | |
| Total Storm Sewer and Wastewater | $3,500,000 | |
| Total Bonds | $ 20,750,000 | |
|---|---|---|