Title
Resolution to Certify and Declare the Results of the November 8, 2022 Special Bond Referendum
Action
Action:
Adopt a resolution certifying and declaring the results of the November 8, 2022 Special Bond referendum.
Body
Staff Resource(s):
Teresa Smith, Finance
Matt Hastedt, Finance
Explanation
§ On June 27, 2022, City Council conducted a public hearing and on July 11, City Council adopted a resolution approving the call for referendum on November 8, 2022.
§ In accordance with the Capital Investment Plan for Fiscal Years 2023-2028 the bonds included:
- $146,200,000 General Obligation Transportation Bonds,
- $50,000,000 General Obligation Housing Bonds, and
- $29,800,000 General Obligation Neighborhood Improvement Bonds.
§ The referendum was conducted on November 8, 2022, 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 18, 2022.
§ The results of the Referendum were:
- 200,986 in favor of the Transportation Bonds and 59,311 opposed,
- 192,915 in favor of the Housing Bonds and 67,697 opposed, and
- 200,879 in favor of the Neighborhood Bonds and 59,364 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
Attachments
Attachment(s)
Certificate of Canvass
Resolution