BALLOT QUESTION NUM. 1 City of Boulder City - Capital improvement

Should the City of Boulder City authorize the sale of approximately 16.3 acres of City owned land located southeast of Boulder City Parkway and Veterans Memorial Drive for development of a grocery store and associated retail uses, and expend the proceeds from the Capital Improvement Fund as follows: fifty percent (50%) to be used for general fund capital needs, such as street, roadway, parking lot, alley, and trail improvements, and renovation of existing City owned assets; thirty percent (30%) to be used for public safety capital needs; ten percent (10%) to be used for capital needs at the Elaine K. Smith Center located at 700 Wyoming Street; and ten percent (10%) to be used for preservation of City owned historic assets?