Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • B.C. mutual fund dealer ‘misappropriated’ $6M from elderly, disabled clients – BC News
    • B.C. mutual fund dealer duped seniors of millions: CIRO
    • Alchemy Investments Acquisition conclut un accord de regroupement d’entreprises potentiel avec Cartiga
    • Batic Investments and Logistics affiche un bénéfice net en hausse au premier trimestre, mais un chiffre d’affaires en baisse
    • Janus Henderson Investors développe sa gamme d’ETF actifs titrisés
    • Chinese investments genuinely beneficial, instilling confidence and optimism: Brazilian legislator
    • Can You Gift Mutual Funds in India? Rules | Taxation
    • UBS AM va bientôt lancer ses premiers ETF actifs
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Marina City Council moves to put $50M general obligation bond on Nov. ballot – Monterey Herald
    Bonds

    Marina City Council moves to put $50M general obligation bond on Nov. ballot – Monterey Herald

    July 26, 2024


    The Marina City Council is moving to put a $50 million general obligation bond measure for constructing new facilities on the Nov. 2024 ballot. (James Herrera – Monterey Herald)

    MARINA >> The Marina City Council voted to specify a dollar amount of $50 million for a general obligation bond to be placed on the November ballot for construction of new city facilities at its most recent City Council study session.

    The motion to specify the dollar amount of the bond using option 3 to be placed on the ballot passed 3-1 with Mayor Bruce Delgado dissenting.

    “My comment is that I will be voting no, not because I don’t think it’s needed but because I don’t think it’s realistic to be successful with that option,” said Delgado before the vote.

    City staff was seeking specific direction from the council on the dollar amount and which types of facilities are to be funded from the general obligation bond.

    The City Council needed to take action as it has a deadline of Aug. 7 to put a measure on the ballot, according to City Manager Layne Long.

    With the council’s action on Tuesday, city staff can have the ballot measure language together in time for final approval.

    After hearing presentations about the needs of the city and comment from the public, council considered four options for construction and costs.

    Option 1 would be the construction of a new fire station with an approximate cost of $16 million dollars.

    Option 2 would be the construction of a new fire and police station with an approximate total cost of $33.5 million (fire $16 + police $17.5).

    Option 3 would be the construction of a new fire and police station and a community center including city council chambers, community rooms, and recreation, with an approximate total cost of $55 million (fire $16 + police $17.5 + community center $21.5).

    Option 4 would be the construction of a new fire and police station, city offices, and renovation of existing public safety building and community center into a recreational campus at Hillcrest with an approximate total cost of $62.5 million (fire $16 + police $17.5 + community center $21.5 + renovation Hillcrest campus $7.5).

    The approximate cost for a $50 million bond for a median single-family home in Marina with an assessed value of $497,000 would be $22.70 per month or $272 annually.

    The Tuesday study meeting included an open house for the public, presentations by city staff and RNT Architects, that covered topics such as facility needs assessment review, cost estimates and potential locations.

    At the Aug. 7 City Council meeting, the council will need to approve a resolution with the exact language for the ballot measure in order to get it on the November ballot.

    At previous meetings, the Council reviewed several potential sites for city facilities including the existing civic center site, Locke Paddon park, a site adjacent to the Marina/Salinas Transit station, Cypress Knolls and Vince DiMaggio Park.

    The Council decided not to identify a specific site for the community center buildings, since several of the potential identified sites will work. A more engaged process with the public identifying the specific sites for the community center facilities will happen later if the bond is approved.






    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Les Refuges Financiers en Temps de Crise

    May 7, 2025

    INDIA BONDS – Les rendements obligataires indiens reculent, les traders voyant une opportunité d’achat

    May 6, 2025

    Bonds impressionnants : que sont devenus les plus grands chanceux de la loterie?

    May 5, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Batic Investments and Logistics affiche un bénéfice net en hausse au premier trimestre, mais un chiffre d’affaires en baisse

    May 12, 2025

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

    September 11, 2023

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

    November 19, 2023

    The Evolution of Art and Art Investments: A Historical Perspective on Fruitful Returns and Wealth Management

    August 21, 2023
    Don't Miss
    Mutual Funds

    B.C. mutual fund dealer ‘misappropriated’ $6M from elderly, disabled clients – BC News

    May 12, 2025

    Photo: Canadian Anti-Fraud Centre image. Michael Tomkins “misappropriated” about $6 million from five of his…

    B.C. mutual fund dealer duped seniors of millions: CIRO

    May 12, 2025

    Alchemy Investments Acquisition conclut un accord de regroupement d’entreprises potentiel avec Cartiga

    May 12, 2025

    Batic Investments and Logistics affiche un bénéfice net en hausse au premier trimestre, mais un chiffre d’affaires en baisse

    May 12, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Explained: Tax implications of capital gains on mutual funds, stocks in 2025

    May 1, 2025

    Aquarius Daily Horoscope Today, May 20, 2024 predicts property investments | Astrology

    May 20, 2024

    UnitedHealth Rises on Q2 Earnings Beat: ETFs to Gain

    July 17, 2024
    Our Picks

    B.C. mutual fund dealer ‘misappropriated’ $6M from elderly, disabled clients – BC News

    May 12, 2025

    B.C. mutual fund dealer duped seniors of millions: CIRO

    May 12, 2025

    Alchemy Investments Acquisition conclut un accord de regroupement d’entreprises potentiel avec Cartiga

    May 12, 2025
    Most Popular

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024

    Zerodha’s Nithin Kamath And Capital Minds’ Deepak Shenoy On Why ETFs Are Preferred In US

    February 20, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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