June 26, 2017

Go Bond Election Community Forums

af-logoThere will be three (3) Community Forums held on the GO Bond Election:

1st Forum
Thursday, July 28, 2016 at 5:30 pm at the Angel Fire Community Center Rotunda

2nd Forum
Wednesday, August 10, 2016 at 5:30 pm at the Angel Fire Community Center Rotunda

3rd Forum
Monday, August 29, 2016 at 5:30 pm at Angel Fire Village Hall

These forums are open to the public and everyone is encouraged to attend.

WHAT IS A GO BOND

A GO Bond is a common type of municipal bond used by the Village of Angel Fire and other cities throughout New Mexico and the United States. The issuer (Village of Angel Fire) pledges part of the ad valorem tax rate from all assessable property within its jurisdiction to provide timely repayment of the debt. Cities use GO bonds, because it is a low-interest financing tool that helps pay for much needed capital improvements. GO bonds must be used for capital projects.

WHERE AND WHEN IS THE VOTE?

The Election will be Mail Ballot Only. You may drop off your ballot at Village Hall Tuesday, September 13, 2016 7:00 am to 7:00 pm.

WHO MAY VOTE?

Anyone who is a registered voter residing within the boundaries of the Village of Angel Fire. Also, anyone who is a registered voter in Colfax County and owns property in the Village of Angel Fire can obtain a certificate to vote from the Village Clerk. If you have any questions, please call the Village of Angel Fire Clerk’s office at 575-377-3232.

SUMMARY OF PROPOSED PROJECTS

The Village of Angel Fire has over 120 miles of roads. Virtually all of these roads are in need of maintenance and many need to be rebuilt. 40 years of erosion and blading have taken a significant toll on the roads leaving them full of pot holes and unsound. In addition, much of the water and wastewater systems have exceeded their useful lives. They are in need of significant improvements to meet today’s standards and demands. To address these public safety issues the Village Council is presenting the community with a $4,500,000 General Obligation Bond proposal that will be used to start a 20 year master project designed to address these important community needs.

THE BALLOT QUESTION

Shall the Village of Angel Fire issue up to $3,000,000 of general obligation bonds, to be repaid from property taxes, for the purpose of constructing, repairing or otherwise improving municipal streets and public roads, including purchasing capital equipment for such projects?

Shall the Village of Angel Fire issue up to $1,500,000 of general obligation bonds, to be repaid from property taxes, for the purpose of constructing, repairing or otherwise improving the Village’s water and wastewater system?

Village of Angel Fire | 575-377-3232 | www.angelfirenm.gov

For more information about the forums or the election please call 575-377-3232 x122 or x111.

Speak Your Mind

*