Town of Mead Ballot Issue 2E -

Shall the Town of Mead taxes be increased $1,500,000.00 in 2020 (first full fiscal year dollar increase) and then annually thereafter by whatever additional amounts are raised from the levy of an additional sales and use tax of one percent (1.0%) (which represents a one cent increase on each dollar) for the purposes of: · repairing and improving town streets; · acquiring, installing, completing, operating and maintaining traffic and pedestrian safety control devices, together with all necessary and related equipment; and shall revenues generated from such taxes be deposited into the town street fund and be used exclusively for financing transportation projects; and shall the Town of Mead debt be increased by an amount not to exceed $21,000,000.00, with a maximum repayment cost of $46,600,000.00; such debt to consist of revenue bonds, refunding bonds or similar obligations payable from the Town Roadway Improvement Fund, which revenue bonds, refunding bonds or similar obligations shall bear interest at a maximum net effective interest rate not to exceed 6% per annum and mature no later than 30 years from the date of issuance; any such debt to be dated and sold at such time, and at such prices (at, above or below par) and containing such terms, not inconsistent herewith, as the Board of Trustees may determine; and shall the sales and use tax rate increase commence January 1, 2020; and shall the proceeds of such debt and taxes and all earnings thereon (regardless of amount) constitute a voter approved revenue change, and an exception to the revenue and spending limits of Article X, Section 20 of the Colorado Constitution?