Pawtucket voters will decide whether the city can borrow up to $2 million for recreation facilities and related costs.
If a majority of voters approve, Pawtucket may borrow up to $2 million for public recreation facilities, land, and related costs.
If other money does not cover yearly payments on the borrowing, Pawtucket must use property taxes to make up the amount due.
Pawtucket may issue up to $2 million in bonds and notes to pay for public recreation facility projects and related costs. Projects may include renovating, building, rebuilding, and equipping public recreation facilities in Pawtucket, acquiring land, and paying related costs. The rest of the act takes effect only if a majority of voters voting on the question approve it. Sections 13 and 14 take effect upon passage. The rest of the act takes effect upon voter approval.
The city must provide for yearly payments on bonds and notes issued under the act, using property taxes if needed. This applies to bonds and notes issued under the act and taxable property in Pawtucket. If money is not otherwise available, the city must appropriate enough to pay principal and interest due that year. If it does not, the amount is added to the annual tax levy. The city must provide for payments each year as principal and interest come due.
No hearings or votes scheduled.