How much will this Parks Referendum cost and how will it be funded?

If the referendum passes, your property taxes will increase for a period of 20 years depending on your property value. Anticipated property tax impacts for each question are as follows:

QUESTION 1:
Monthly Tax Impact of $66,750,000 G.O. Bonds Issues with 20-year Repayment
Home Market ValueQUESTION 2:
$6,500,000 G.O. Bonds Issues with 20-year Repayment
$13.24$250,000$1.29
$16.31$300,000$1.59
$19.53$352,000$1.90
$22.45$400,000$2.19
$25.33$450,000$2.47
$28.15$500,000$2.74


Tax impact is estimated based on certain assumptions, including estimated issuance of $66,750,000 and $6,500,000 respectively in general obligation bonds with a repayment period of 20 years and estimated bond rates as of 6/30/2023.

Show All Answers

1. Why is the City putting forward an investment plan for the park system at this time?
2. What is the plan the City is proposing to voters?
3. Who came up with this plan?
4. Will my taxes increase all at once?
5. If the referendum passes, is there a way for me to receive any property tax relief?
6. Will the City use local contractors for this project if the Parks Referendum passes?
7. Can't we wait a few more years to make improvements?
8. Have Apple Valley residents been involved in the planning process?
9. Why aren't there detailed drawings of the proposed new construction?
10. How much will this Parks Referendum cost and how will it be funded?
11. What are the other funding sources the City plans to use?
12. What is happening with the new Youth Baseball/Softball Complex?
13. I thought the City was going to use synthetic turf for the Youth Baseball/Softball Complex?
14. What is happening at Redwood Park?
15. What is happening at Kelley Park?
16. Will the City be making strides to improve the environment?
17. If the Parks Referendum passes, what happens next?
18. What happens if the Parks Referendum isn't approved?