Question 1 - Capital Project Sales and Use Tax

Must a special capital project one percent sales and use tax be imposed in Allendale County for not more than seven (7) years beginning immediately at the expiration of Allendale County's existing capital project sales and use tax to ensure no interruption in the imposition or collection of the capital project sales and use tax and ending April 30, 2032, and shall Allendale County be empowered to issue, either at one time as a single issue or from time to time as several separate issues, general obligation bonds of Allendale County in the aggregate principal amount not to exceed $3,000,000.00, to be repayable solely from the capital project sales and use tax or other available sources, the proceeds of which shall be used to defray the costs of the capital improvement needs of Allendale County, including, specifically, the following purposes: Projects: 1. $968,000 Bay Shore Drive and Citadel Street Wastewater Pumping Station Improvements Project (FAIRFAX) 2. $263,000 Water System Improvements Project (ULMER) 3. $253,000 Fire Station Construction Project (SYCAMORE) 4. $750,000 Fire Department Pumper/Tanker Acquisition Project (ALLENDALE COUNTY) 5. $315,000 31 Yard Waste Truck Acquisition Project (ALLENDALE) 6. 274,000 E-911 Facility and Equipment Improvements Project (ALLENDALE COUNTY) 7. $212,000 Water Meter Improvements Project (ALLENDALE) 8. $132,000 Public Works Backhoe Acquisition Project (ALLENDALE) 9. $131,000 Public Works Backhoe Acquisition Project (ALLENDALE COUNTY) 10. $195,000 Sheriff's Department Vehicle Acquisition Project (ALLENDALE COUNTY) 11. $250,000 Convenience Center Construction Project (ALLENDALE COUNTY) 12. $250,000 Water and Sewer System Improvements Project (ALLENDALE) 13. $220,000 John Edward Harter Nursing Home Plumbing Improvements Project (ALLENDALE COUNTY) 14. $500,000 Community Swimming Pool Construction Project (ALLENDALE COUNTY) 15. $68,000 Public Works Mini-Excavator Acquisition Project (ALLENDALE) 16. $150,000 Fire Department Cascade System Acquisition Project (ALLENDALE COUNTY) 17. $75,000 Public Works Equipment Acquisition Project (ALLENDALE COUNTY) 18. $100,000 USC-Salkehatchie Brant Building Parking Lot Improvements Project (ALLENDALE COUNTY) TOTAL COST OF PROJECTS: $5,106,000 CONDITIONS AND RESTRICTIONS ON THE USE OF THE SALES AND USE TAX REVENUE COLLECTED UNDER THE CAPITAL PROJECT SALES TAX ACT: The capital project sales and use tax shall be used and expended for procurement, design, engineering, construction, improvement, reimbursement, or similar type uses of the Projects listed above. Net proceeds of the sales and use tax must be expended for the purposes stated, with the projects listed above expected to be funded simultaneously. The completion of the above projects funded by the sales and use tax is subject to acquisition of property and right-of-way, design and engineering considerations, funding of projects from other sources, bids in excess of project estimates, qualifications of bidders, cost overruns, financing costs, exhaustion of net sales and use tax revenues prior to the completion of the projects stated above and other unforeseen circumstances and conditions, which, if any of these circumstances are encountered, the County Council reserves the right to make adjustments to the projects accordingly which do not add, delete or change the projects as originally submitted by the Capital Project Sales Tax Commission. In the event the capital project sales and use tax proceeds are inadequate for the payment of the bonds, the source of payment of the bonds will be ad valorem property taxes levied on all property located in Allendale County.