Just under 200 people cast their vote on Tuesday and gave an overwhelming “thumbs up” to the City’s effort to renovate the current public swimming pool.
Residents were asked to approve or reject the following:
“Shall the City of Elgin, Nebraska, borrow money and pledge the property and credit of the City upon its negotiable bonds in the principal amount of not to exceed Five Hundred Thousand Dollars ($500,000) for the purpose of paying the costs of improvements required for the renovation of the existing swimming pool of the City of Elgin, Nebraska; said bonds to be dated and become due and payable, both principal and interest, on such date or dates as may be fixed by the Mayor and Council of the City at the time of their issuance and to bear interest at such rate or rates as shall be determined by the Mayor and Council of the City of Elgin; and
“Shall the City cause to be levied and collected annually, if needed, a special levy of taxes on the taxable value of all the taxable property in the City, in addition to available sales taxes and all other taxes, in an amount sufficient to pay the principal of and interest on said bonds as such principal and interest become due?”
UNOFFICIAL RESULTS: 167 voted FOR said bonds and tax. 9 voted AGAINST said bonds and tax.
Since the majority of the votes cast were in favor of such bonds and tax, the Mayor and Council of the City may now “issue such bonds and to impose a tax upon all of the taxable property in the City sufficient to pay the interest on and principal of such bonds as the same shall fall due”.
Just last month, the Elgin Community Foundation received a large donation designed to be used for improvements at the park/pool. The remaining funds will be solicited from the general public.
Following the 2016 pool season, work will begin on the pool and adjoining bath house. The work is expected to be completed in time for the pool’s opening in 2017.
