Pool Bond Election Set For Tuesday

The Elgin Swimming Pool Renovation Project goes before voters on Tuesday, Nov. 10. Polls at the K.C. Hall in Elgin will open at 8 a.m. and stay open til 8 p.m. to allow citizens to cast their vote for or against the renovation project for the swimming pool.
Plans to renovate the pool have been discussed, in earnest, for more than a year. Renovations are expected to cost approximately $1.3 million. Just last week it was announced that nearly $500,000 from the Tunink Trust has been gifted to the Elgin Community Foundation to be used towards the project.The ballot language reads as follows:
“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?”
If a majority of the votes cast upon such question shall be in favor of such bonds and tax, then the Mayor and Council of the City shall be empowered to 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. If a majority of those voting on the question shall be opposed to such bonds and tax, then the Mayor and Council of the City shall not issue such bonds or impose such tax.