Description
On November 4, 2014, voters approved Measure K-14, the Grover Beach Street Rehabilitation; Safety Improvement Bond Measure. In approving the measure, the City was authorized to issue up to $48 million in bonds to fund street rehabilitation and repair. Formation of an independent audit/citizen oversight committee was also approved with the passage of Measure K-14.
2014 Election Results
City of Grover Beach Street Bonds (Measure K-14)
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Total Amount Approved by Voters
$48,000,000 (68.02% of Voters)
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Amount Issued
$38,000,000
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Total Principal Amount Outstanding
$34,360,000
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Current Fiscal Year Tax Rate
0.09500
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