Come this November 2, 2021, the Morrisville Town Council will provide voters the opportunity to vote on financing up to $37 million to accomplish these types of improvements in a strategic and fiscally responsible manner through a bond referendum. Wisely committing your tax dollars in this way will ensure the Morrisville community continues to live connected and live well. I want this to be the highest turnout in Morrisville history!
Morrisville has an exemplary credit rating as a AAA community, giving us the ability to secure the lowest interest rates through voter-approved general obligation (G.O.) bonds. This form of debt financing is the best and least expensive of tax-supported debt resulting in significant savings to the taxpayer over the repayment period.
The Town anticipates an estimated 3 cents per $100 assessed property value to afford the three bond issues assuming voters approve.
There will be three ballot questions that Voters will consider separately: Public Safety Improvement Bonds, Streets, Sidewalks and Connectivity Improvement Bonds, and Parks, Recreation and Amenities Bonds!
Public Safety Improvement Bonds
Community Benefit: To improve public safety facilities in Morrisville. Morrisville is dedicated to providing a safe and secure community through prevention, education, readiness, and responsiveness.
Projects:
- Harris Mill Road Fire Station
- Land Acquisition Reimbursement (future fire stations)
Bond Amount: 8,000,000
Street, Sidewalks and Connectivity Improvement Bonds
Community Benefit: To make improvements to Pedestrian and Transportation related infrastructure, such as major thoroughfares, sidewalk and streetscape improvements, bridges, bicycle lanes, curbs, and drains; traffic controls, greenways; bus/train stations and shelter improvements; and the acquisition of any land, rights of way and equipment.
Potential Projects:
- Airport Boulevard Extension Phase 1
- Sidewalk and Greenway Connectivity Enhancements
- Traffic Congestion Requirements
Bond Amount: $11,700,000
Parks, Recreation and Amenities Bonds
Community Benefit: To improve and expand existing passive and active parks, and recreational facilities, acquire and construct new parks, and recreational facilities and preserve open space/tree canopy.
Potential Projects:
- Crabtree Nature Park
- Morrisville Community Park Phase II
- Future Parks/Open Space, Land Acquisition, and other Park Enhancements!
For more information on the Bond Referendum, visit www.townofmorrisville.org/MSVBOND2021 or call (919) 463-6906.