Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News
    • Debt MFs see outflow of ₹1 lakh cr in Sep on withdrawals from liquid, money market funds
    • Mutual Funds KYC: How To Check And Update Your Status, Here’s A Step-by-Step Guide | Savings and Investments News
    • What the changing dynamics of inflation could mean for UK bond markets
    • Debt MFs witness ₹1 lakh cr outflow in September on withdrawals from liquid, money market funds
    • SBI Mutual Fund’s top 5 SIP plans – up to 20% CAGR in 10 years; Rs 10K investment turns into Rs 35 lakh – Money News
    • BOV announces issue of up to €325 million unsecured euro medium term bonds
    • Deloitte study: most EU financial institutions are in early preparation stage to comply with the new anti-money laundering and countering financing of terrorism requirements and need significant investments to align to the new European framework
    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

    What the changing dynamics of inflation could mean for UK bond markets

    October 22, 2025

    BOV announces issue of up to €325 million unsecured euro medium term bonds

    October 22, 2025

    Oman launches $207.9mln development bonds issue

    October 21, 2025
    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

    Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News

    October 22, 2025

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News

    October 22, 2025

    The Nifty 50 reached an intraday high of 25,932 on October 21, 2025, also a…

    Debt MFs see outflow of ₹1 lakh cr in Sep on withdrawals from liquid, money market funds

    October 22, 2025

    Mutual Funds KYC: How To Check And Update Your Status, Here’s A Step-by-Step Guide | Savings and Investments News

    October 22, 2025

    What the changing dynamics of inflation could mean for UK bond markets

    October 22, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    BOV announces issue of up to €325 million unsecured euro medium term bonds

    October 22, 2025

    Xtrackers launches new small-cap ESG ETFs

    September 5, 2025

    HSBC AM fait son entrée sur le marché des ETF actifs

    June 5, 2025
    Our Picks

    Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News

    October 22, 2025

    Debt MFs see outflow of ₹1 lakh cr in Sep on withdrawals from liquid, money market funds

    October 22, 2025

    Mutual Funds KYC: How To Check And Update Your Status, Here’s A Step-by-Step Guide | Savings and Investments News

    October 22, 2025
    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
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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