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City Question 1 (City of Apple Valley-002)
CITY QUESTION
The City of Apple Valley is asking voter approval to issue and sell its general obligation bonds in an amount not to exceed $14,430,000 to finance the acquisition, construction, equipping, and betterment of public parks and recreational facilities. The amount of taxes that would be raised in the first year of the property tax levy for the bonds is estimated to be approximately $780,000. The maximum increase in property tax levy is estimated to be 0.0239% of the market value of the taxable property in the City. Shall the City of Apple Valley, Minnesota be authorized to issue its general obligation bonds in an amount not to exceed $14,430,000 to finance the acquisition, construction, equipping and betterment of public parks and recreational facilities for the City?
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