
This coming Tuesday night (5/2/06), City Council will vote to authorize a $20.1MM bond issue to fund the initiative. Voters previously authorized the city to issue up to $58MM in bonds in a 1997 ballot measure and after the issue of the $20.1MM, the city will have remaining authorization for $4.8MM.
Here's the City Council Agenda Item on the bond issue.
According to the Daily Camera, the funds will be used to purchase land in four areas:
- A series of parcels in and around the city of Boulder and in Boulder Valley that fill in gaps in existing open-space areas.
- The "northern tier" between existing city-owned open space along North Foothills Highway up to Nelson Road.
- Buffer land along the border between Boulder and Jefferson counties.
- Land the city will purchase along with the county as buffers between Boulder and neighboring Longmont, Niwot and Superior.
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