Question 1 - Enhance Community Safety Through Public Safety and Roadway Improvements

Shall the City of Tempe, Arizona be authorized to issue and sell general obligation bonds in the principal amount of up to $301,000,000 to provide funding for fire, police, roadway, pedestrian infrastructure, and storm drain projects, including, but not limited to projects intended to: Reduce response times and improve service delivery by modernizing public safety infrastructure, including construction, improvement, repair, and renovation of police and fire stations; Enhance safety conditions of drivers and pedestrians through construction, improvement, and repair of highways, streets, right of ways, bike paths, bridges, alleys, sidewalks, crosswalks, lighting, and parking lots; Improve roadway mobility and reduce congestion for commuters; Expand and enhance transportation connectivity options for the disabled community and in areas where access to safe transportation is limited; Construct, reconstruct, or improve traffic control systems, devices, facilities, street lighting, street signage and undergrounding utility lines; and Mitigate the impact of floods and storms through infrastructure improvements, including sewers, detention basins, and flood control projects? Generated funds will be used to pay for all necessary design, construction, reconstruction, improvement, repair, renovation, equipment, and associated costs, including the acquisition of land or interests necessary for such purposes, all legal, financial, consulting, and other costs and fees in connection therewith. Such bonds will be issued in one or more series as tax-exempt or taxable bonds and may be sold at prices that include premiums not greater than permitted by law. Such bonds may have principal payable not later than 25 years from the date of issuance of each series. Such bonds will be issued as general obligations bonds, and the issuance of these bonds will result in a property tax increase sufficient to pay the annual debt service on the bonds.