Title
Resolution to Certify and Declare the Results of the November 5, 2024, Special Bond Referendum
Action
Action:
Adopt a resolution certifying and declaring the results of the November 5, 2024, Special Bond Referendum.
Body
Staff Resource(s):
Teresa Smith, Finance
Matthew Hastedt, Finance
Explanation
§ On June 24, 2024, City Council conducted a public hearing and adopted a resolution approving the call for referendum on November 5, 2024. In accordance with the Capital Investment Plan for Fiscal Years 2025 through 2029 the bonds included:
- $238,300,000 general obligation transportation bonds,
- $100,000,000 general obligation housing bonds, and
- $61,700,000 general obligation neighborhood improvement bonds.
§ The referendum was conducted on November 5, 2024, and the Mecklenburg County Board of Elections has presented the Canvass of Results of the Referendum. The Mecklenburg County Board of Elections certified the results of the Special Bond Referendum on November 15, 2024.
§ The results were:
- 277,122 in favor of the Transportation Bonds and 137,283 opposed,
- 263,403 in favor of the Housing Bonds and 150,955 opposed, and
- 294,299 in favor of the Neighborhood Bonds and 120,200 opposed.
§ This City Council action certifies and declares the official results of the voter referendum.
§ Following the City Council action, a Statement of Results will be published for each bond issuance. Publication initiates a 30-day action period to dispute election results.
Fiscal Note
Funding: Municipal Debt Service Fund
Attachments
Attachment(s)
Certificate of Canvass
Statement of Results
Resolution