The Chapel Hill Town Council voted unanimously on Monday to put a bond referendum on the ballot in November.

Business Management Director Ken Pennoyer told the Council the bond will not require a property tax rate increase because the town’s debt fund already has the capacity to repay the debt.

“Although it is stated as 3.8 cents, that 3.8 cents will actually be provided by the debt management fund, and no increase is anticipated based on the referendum bonds,” said Pennoyer.

The package will total $40.3 million, with funding going to streets, sidewalks, greenways, stormwater improvements, recreation facilities and a new waste transfer station.

bond

The resolution is the first step in the referendum process. It sets the maximum dollar amounts and assigns general purposes for the money.

Moving forward, the Council can delete projects or reduce the dollar amounts, but not add new projects or reassign funding.

A public hearing on the bond referendum is scheduled for June 22.

Related Stories
‹
New Chapel Hill Mayor Hemminger Looks Ahead To 2016
On Chapel Hill's 2016 agenda: development, transparency, and an initiative to help feed kids in need.
In 2015 Election, Chapel Hill Goes "Beyond Unitary Democracy"
Was the 2015 election so heated because the 2013 election was so nice?
Challengers Sweep Chapel Hill Town Council
Challengers swept the Chapel Hill Town Council race Tuesday night, unseating two incumbents.
Ballots Crowding Up In Chapel Hill, Hillsborough
Two more candidates for Chapel Hill Town Council; one more for Hillsborough Town Commissioner.
Schwartz, Samuels Throw Their Hats In The Ring
The 2015 election ballot is getting more crowded by the day.
Chapel Hill: Mayor Pro Tem Amy Ryan on Good Neighbor Initiative, Flood Response and Upcoming Events
Chapel Hill Mayor Pro Tempore Amy Ryan joins 97.9 The Hill News Director Brighton McConnell on Thursday, August 14.
Chapel Hill Planning Commissioner Jon Mitchell Discusses 2025 Town Council Candidacy
Jon Mitchell, the former chair of the Chapel Hill Planning Commission, announced that he is running for the Chapel Hill Town Council.
Chapel Hill Town Councilor Camille Berry Announces 2025 Reelection Bid
Chapel Hill Town Council member Camille Berry announced she will seek re-election. If elected, she will serve her second term.
EPA Advisor, Former Professor Louie Rivers III Announces Bid for Chapel Hill Town Council
Louie Rivers III, a social science advisor for the U.S. Environmental Protection Agency and former professor, announced his bid for the Chapel Hill Town Council this week. Rivers is one of six candidates who have announced bids for the four available seats on the council this fall. “Since the last presidential election, I have become […]
Chapel Hill Approves Rezoning for Greene Tract Site, Hears Next Steps for Development
The Chapel Hill Town Council is making progress on developing the Greene Tract, meeting in June to rezone part of the site. 
›