Title
An Ordinance Calling an Election to Authorize the Issuance of General Obligation Bonds for the City of Lee's Summit, Missouri, Related to Public Safety Improvements
Body
Issue/Request:
An Ordinance Calling an Election to Authorize the Issuance of General Obligation Bonds for the City of Lee's Summit, Missouri, Related to Public Safety Improvements
Key Issues:
City staff has prepared the proposed ordinance and ballot language for the proposed public safety (fire and police) "No Tax Increase" bond initiatives as identified by the Mayor and City Council for the August 6, 2019 special election. Initiatives included within the attached ordinance/ballot question which total $18,500,000 include:
*New Fire Station #4 (land, building and fire apparatus) - $7,000,000
*New Fire Station #5 (land and building) - $5,000,000
*Police In-car video replacement system and Body worn cameras - $1,000,000
*Renovations and improvements to the Police & Courts facility - $5,500,000
NOTE: City staff has also prepared two substitute ordinances which are also attached to this packet if the Mayor and Council desire to separate the initiatives into separate questions that relate to the respective Fire Department initiatives and Police Department initiatives.
Proposed City Council Motion:
I move for second reading of an Ordinance Calling an Election to Authorize the Issuance of General Obligation Bonds for the City of Lee's Summit, Missouri, Related to Public Safety Improvements.
Background:
On January 15, 2019 City staff provided the Mayor and City Council with a presentation regarding the City's debt issuance capacity. The Mayor and City Council directed City staff prepare a listing of potential No Tax Increase (NTI) bond projects that could be considered for an August 2019 NTI bond election to maintain the City's current tax levy. The Mayor and City Council directed staff to work with the Community and Economic Development Committee (CEDC) to develop a recommendation(s) ...
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