Open Space Funding
by Osman Parvez
Boulder is stepping up acquisition of open space land.
This coming Tuesday night (5/2/06), City Council will vote to authorize a $20.1MM bond issue to fund the initiative. Voters previously authorized the city to issue up to $58MM in bonds in a 1997 ballot measure and after the issue of the $20.1MM, the city will have remaining authorization for $4.8MM.
Here’s the City Council Agenda Item on the bond issue.
According to the Daily Camera, the funds will be used to purchase land in four areas:
- A series of parcels in and around the city of Boulder and in Boulder Valley that fill in gaps in existing open-space areas.
- The “northern tier” between existing city-owned open space along North Foothills Highway up to Nelson Road.
- Buffer land along the border between Boulder and Jefferson counties.
- Land the city will purchase along with the county as buffers between Boulder and neighboring Longmont, Niwot and Superior.
The interest rate on the bonds is yet to be determined (available Tuesday night) and the bonds are expected to go on sale around May 16th.
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Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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