FREDERICK-FIRESTONE FIRE PROTECTION DISTRICT FIRE, RESCUE, EMERGENCY MEDICAL SERVICES: AUTHORIZATION TO INCUR DEBT AND INCREASE TAXES TO REPAY SUCH DISTRICT DEBT
SHALL FREDERICK-FIRESTONE FIRE PROTECTION DISTRICT DEBT BE INCREASED $19,873,012 WITH A REPAYMENT COST OF $27,975,000 AND SHALL FREDERICK-FIRESTONE TAXES BE INCREASED $1,398,000 ANNUALLY OR BY SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PAYMENT OF THE FOREGOING DEBT AND ANY REFUNDINGS THEREOF, AT AN INTEREST RATE THAT IS EQUAL TO, LOWER OR HIGHER THAN THE INTEREST RATE ON THE REFUNDED DEBT, SUCH DEBT TO BE IN ANY FORM DETERMINED BY THE DISTRICT AND ISSUED OR INCURRED FOR THE FOLLOWING PURPOSES: ➢ ACQUIRING, CONSTRUCTING, AND EQUIPPING TWO (2) NEW FIRE STATIONS – ONE (1) IN THE TOWN OF FREDERICK AND ONE (1) IN THE TOWN OF FIRESTONE TO MEET GROWING EMERGENCY SERVICE NEEDS FOR FIRE SUPPRESSION AND PROTECTION, TECHNICAL RESCUE, HAZARDOUS MATERIALS, AND AMBULANCE SERVICES TO KEEP RESPONSE TIMES LOW AND IMPROVE THE QUALITY OF LIFE FOR ALL CITIZENS. ➢ ACQUIRING FIRE TRUCKS, AMBULANCES, AND GENERAL EMERGENCY SERVICES EQUIPMENT REQUIRED FOR FIRE SUPPRESSION, EMERGENCY MEDICAL SERVICES, TECHNICAL RESCUE, AND HAZARDOUS MATERIAL EMERGENCIES; AND ➢ RENOVATING, REMODELING, AND ENHANCING OLDER FIRE STATIONS AND ADMINISTRATIVE FACILITIES WITHIN THE DISTRICT TO MEET THE SERVICE NEEDS OF FIREFIGHTERS, PARAMEDICS AND COMMUNITY INFRASTRUCTURE REQUIRED LEGAL BALLOT LANGUAGE: SUCH DEBT TO BEAR INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 3.5% PER ANNUM, SUCH INTEREST TO BE PAYABLE AT SUCH TIME OR TIMES, AND WHICH MAY COMPOUND PERIODICALLY AS MAY BE DETERMINED BY THE DISTRICT BOARD OF DIRECTORS, AND SUCH DEBT TO MATURE, BE SUBJECT TO REDEMPTION WITH OR WITHOUT PREMIUM, AND BE ISSUED AND SOLD AT, ABOVE OR BELOW PAR, SUCH DEBT TO BE PAID FROM ANY LEGALLY AVAILABLE REVENUES OF THE DISTRICT, INCLUDING THE PROCEEDS OF AD VALOREM PROPERTY TAXES; ALL OF THE ABOVE AS DETERMINED BY THE DISTRICT; SUCH TAXES TO CONSIST OF AN AD VALOREM MILL LEVY IMPOSED ON ALL TAXABLE PROPERTY OF THE DISTRICT, WITHOUT LIMITATION OF RATE OR WITH SUCH LIMITATIONS AS MAY BE DETERMINED BY THE DISTRICT BOARD OF DIRECTORS, AND IN AMOUNTS SUFFICIENT TO PRODUCE THE ANNUAL TAX INCREASE SET FORTH ABOVE OR BY SUCH LESSER AMOUNT AS MAY BE NECESSARY TO PAY THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON SUCH DEBT; AND SHALL THE PROCEEDS OF ANY SUCH DEBT AND THE REVENUE FROM SUCH TAXES, ANY OTHER REVENUE USED TO PAY SUCH DEBT, AND INVESTMENT EARNINGS THEREON, BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2022 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER-APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY SPENDING, REVENUE-RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, SECTION 29-1-301 OF THE COLORADO REVISED STATUTES, OR ANY OTHER LAW, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED, RETAINED AND SPENT BY THE DISTRICT?
