March 2, 2021 Ballot - Article III - Garden Street - Three Ways to Learn
Learn about the Article III question, improvements to be constructed - Garden Street (at Dorset Street and the connector to Midas Drive) - and funding approval sought:
A. Garden Street Article III TIF Financing Public Forum
Thursday, February 18 | 7 PM - Online
Join Kevin Dorn, City Manager, Tom Hubbard, Deputy City Manager, and Ilona Blanchard, Community Development Director, for a presentation on Article III, including the segments of Garden Street to be funded for construction; what is TIF District Financing and TIF Increment; related costs and the financial model. Questions about Article II, the City's Annual Budget will also be answered. Ask questions and learn about Article III and what it means for South Burlington.
Please join using a computer, tablet or smartphone: https://www.gotomeet.me/SouthBurlingtonVT/public-forum---ballot-iii---tif-02-18-2021 or phone: United States: +1 (646) 749-3122 Access Code: 393-287-301.
B. Read the Public Information Notice
The Public Information Notice (https://bit.ly/3poXLpD) provides information on Article III, the portion of the Garden Street project to be funded, TIF District Financing, related costs, TIF Increment, the proposed debt, project outcomes and a financial model.
C. Public Hearing
Monday, March 1, 2021 | 7 P.M. Annual Pre-Town Meeting
The South Burlington City Council will hold a public hearing on Monday, March 1, at 7 P.M. to present information and to hear public comment on Article III concerning issuance by the City of general obligation debt and the pledging of the City's full faith and credit in support of capital improvements within the City Center Tax Increment Financing District (TIF District) and related costs.
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ARTICLE III
Shall the City Council be authorized to pledge the credit of the City and to borrow up to Four Million Two Thousand Five Hundred Fifty Dollars ($4,002,550) in order to build Vermont Economic Progress Council-approved City Center Tax Increment Financing District (TIF District) public infrastructure and capital improvements, specifically: engineering and construction of the Garden Street Project between Dorset Street and Williston Road and the upgrade of intersections at White Street/Midas Drive and Hinesburg Road/Patchen Road together with associated site work and project costs, and to pay related costs, specifically, approval for reimbursement of TIF eligible related costs incurred in the establishment, implementation and administration of the TIF District? To date, the cumulative amount of voter approved City Center TIF debt is $25,400,000.
Dec 21, 2024, 3:30 to 7 PM
Christmas Breakfast at CAC (Sunday Morning)Dec 22, 2024, 10 AM to 12 PM
Christmas Eve Candlelight Service at CACDec 24, 2024, 6 to 7 PM