The Coastal Star

STORMWATER IMPROVEMENT PROJECT

Shall the Town be authorized to issue bonds, in one or more series, in an aggregate principal amount not exceeding $16,550,000, bearing interest rates not exceeding the maximum legal rate, maturing within 30 years from their respective issuance, payable from unlimited ad valorem taxes and/or other revenues to finance stormwater improvements, including drainage, removal/conversion of ditches, pipes, water quality treatment, a multiuse path, roadway improvements, and landscaped infiltration areas.

Source: Palm Beach County Supervisor of Elections Office (Unofficial results)

OCEAN WALK MULTIUSE CORRIDOR PROJECT

Shall the Town be authorized to issue bonds, in one or more series, in an aggregate principal amount not exceeding $11,250,000, bearing interest rates not exceeding the maximum legal rate, maturing within 30 years from their respective issuance, payable from unlimited ad valorem taxes and/or other revenues to finance roadway improvements, complete streets elements, park and recreational improvements, and gateway monuments; such bonds shall be issued only if the stormwater improvements are voter approved.

UNDERGROUNDING UTILITIES PROJECT

Shall the Town be authorized to issue bonds, in one or more series, in an aggregate principal amount not exceeding $17,200,000, bearing interest rates not exceeding the maximum legal rate, maturing within 30 years from their respective issuance, payable from unlimited ad valorem taxes and/or other revenues to finance undergrounding of electrical, cable, and communications utilities, and street lighting improvements along all public streets in the Town.

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