Proposition 494 - Public Safety Improvement Bonds

Shall the Mayor and Council of the City of Buckeye, Arizona, be authorized to issue and sell general obligation bonds of the City in the principal amount of $137,000,000 to provide funds: Purposes: to design, acquire, construct, reconstruct and renovate public safety facilities, training facilities and fire station facilities; to furnish, equip and improve public safety facilities, training facilities and fire station facilities; and to acquire vehicles, equipment, electronic data, voice and communication equipment and land for fire and public safety purposes; and to improve the grounds thereof. Payment of Bonds: Each series of these bonds will be issued at the option of the Mayor and Council as general obligation bonds of the City pursuant to Title 35 Chapter 3, Article 3, Arizona Revised Statutes, payable from the levy of an ad valorem tax against the taxable property located within the City, and the issuance of these bonds will result in a property tax increase sufficient to pay the annual debt service of the bonds, unless the Mayor and Council provide for payment from other sources.