Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • SEBI formalises same-day borrowing for mutual funds; AMC to bear cost
    • Key Takeaways from SEBI’s Consultation Paper on Nomination for Shares and Mutual Funds
    • 3 ETFs That Let You Bet On XRP Without Buying The Coins
    • SBI Mutual Fund files for IPO with SEBI; up to 20.37 crore shares on offer – IPO News
    • Equities, Bonds, Commodities, Currencies et al: How They Fare Three Weeks into the US-Iran War
    • Best Performing DSP Equity Mutual Funds – Money Insights News
    • WARNING: Only One Covered Call ETFs Is Worth Owning in 2026
    • What Is Compounding, And Why Is It Important In Mutual Fund Investing?
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Port Orange voters to decide $30M bond referendum for city parks
    Bonds

    Port Orange voters to decide $30M bond referendum for city parks

    August 13, 2024


    Port Orange’s several city parks are a popular option among residents for a nice summer day outdoors.

    And like other Volusia County cities, Port Orange is continuing to grow, and “keeping up with the needs of our residents is an ongoing challenge,” according to officials.

    That’s why on Aug. 20, Port Orange citizens will have the opportunity to vote on a general obligation bond measure that would allow the city to secure up to $30 million to be spent in renovating and expanding portions of its city parks over the next 30 years.

    ‘Agents of Discovery’ app: New ‘Agents of Discovery’ app invites Port Orange residents to explore city parks

    “Through the issuance of a general obligation bond, we aim to continue to create a park system that caters to the diverse needs of our community members, providing recreational opportunities for all ages and interests,” according to the proposed bond’s website.

    So far, Port Orange parks are included in five proposed projects that are planned to be funded if the measure is approved.

    “Projects will include new sports fields, restoration of historic sites, renovate aging parks, trails to improve safe ways to navigate the city, and indoor recreation space to host recreation and sports programs for all ages,” according to the city.

    What is a bond referendum?

    According to the city website, “a bond referendum allows voters to decide if the city should be authorized to borrow funding for capital projects with general obligation bonds that are backed by a pledge of the full faith and credit of the city.

    “Bond financing is often used for capital projects that are above and beyond the scope of the annual operating budget or are utilized for projects that will benefit citizens for many years in the future.”

    How would the city pay for the bond funds?

    The city would repay the bond cost “over time in installments” through property taxes from homeowners, businesses, rental properties and investors.

    To see how much they would pay in taxes when all the bonds are issued, residents can access poparksbondfacts.com/calculator — a feature in the city’s newly created bond website.

    What city park projects will be involved?

    There are five proposed city park projects that would be funded by the bond measure, according to the city’s website.

    These projects “have derived from input from our community, our Parks and Recreation Advisory Board and City Council.”

    The Coraci Park expansion project would feature:

    • “Six multipurpose fields will be constructed to accommodate a variety of sports and recreational activities such as soccer, football and more.”
    • “A scenic 5K trail will be created around the existing and improved park area, offering opportunities for walking, running and cycling.”
    • “A new parking area will be constructed north of the existing fields (to) accommodate the increased traffic to the park.”

    The city’s Depot Park is home to the oldest surviving Florida East Coast Railway Freight Depot, which is listed on the National Register of Historic Places. Its renovation project would include:

    • “Refurbishment of the interior space within the depot structure.”
    • “Renovation efforts will include structural enhancements, aesthetic upgrades, and the installation of modern amenities to ensure the preservation of historical elements.”
    • Parking and infrastructure improvements.

    Just over a year after the city reopened its renovated Recreation Education and Culture (or REC) center, the proposed bond could give way to the New REC West project, which involves:

    • “A 12,000-square-foot gymnasium, built to accommodate numerous recreational activities.”
    • “REC West will feature a dedicated office space, lobby and common area.”
    • New structure will offer spaces for “gatherings, community meetings, workshops and special events.”

    White Place Park, which is currently closed, will go through a revitalization project that will bring modern features to one of the city’s oldest parks:

    • “White Place Park will now feature a winding walking path around a pond that will assist with stormwater control in the area.”
    • “Newly constructed playground and pavilion will also be featured,” as well as parking improvements.
    • “The existing pickleball courts will receive an upgrade to surfacing, improved lighting and enhanced amenities.”

    Near the City Center and Horizon Elementary School, Willow Run Park’s proposed expansion project includes:

    • “Two lighted multipurpose fields, providing ample space for a variety of recreational activities and sports.”
    • “A newly constructed restroom/support building adjacent to the fields,” as well as “a new parking facility.”

    The bond will also be used toward overall trail improvements and expansions throughout the city, especially new wayfinding signage, according to officials.  



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Equities, Bonds, Commodities, Currencies et al: How They Fare Three Weeks into the US-Iran War

    March 21, 2026

    HDFC Bank cracks down on executives in Credit Suisse AT-1 bonds mis-selling case | Business News

    March 20, 2026

    Markets slide on report US to send more troops to Middle East, as UK borrowing costs hit highest since 2008 – business live | Business

    March 20, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    The Active ETFs That Led Inflows During 2025’s First Half

    July 8, 2025
    Don't Miss
    Mutual Funds

    SEBI formalises same-day borrowing for mutual funds; AMC to bear cost

    March 21, 2026

    Mutual funds, primarily liquid and overnight schemes, routinely face a timing mismatch between when they…

    Key Takeaways from SEBI’s Consultation Paper on Nomination for Shares and Mutual Funds

    March 21, 2026

    3 ETFs That Let You Bet On XRP Without Buying The Coins

    March 21, 2026

    SBI Mutual Fund files for IPO with SEBI; up to 20.37 crore shares on offer – IPO News

    March 21, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    UK ‘second cities’ show strongest property yield growth for investors

    October 29, 2025

    Dynamic or standard SIP? – The Hindu

    September 14, 2025

    What Are Fixed-Income ETFs? Definition and Benefits

    January 16, 2025
    Our Picks

    SEBI formalises same-day borrowing for mutual funds; AMC to bear cost

    March 21, 2026

    Key Takeaways from SEBI’s Consultation Paper on Nomination for Shares and Mutual Funds

    March 21, 2026

    3 ETFs That Let You Bet On XRP Without Buying The Coins

    March 21, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.