City Of Burlington, Vermont Notice of Vote to Incur a Bonded Debt

The legal voters of the City of Burlington, Vermont are hereby notified and warned to come and vote at the Annual City Meeting on:

Tuesday, the 4th day of March, 2025

between 7:00 a.m. and 7:00 p.m. in their respective wards, at the voting places hereinafter named, for the following purposes:

To vote upon three bonding articles placed on the ballot by request of the City Council by resolutions duly adopted and approved, said articles being as follows:

PLEDGING THE CREDIT OF THE CITY TO ISSUE GENERAL OBLIGATION BONDS FOR THE CITY’S FIVE-YEAR CAPITAL PLAN

“Shall the City Council be authorized to issue general obligation bonds or notes in one or more series in an aggregate principal amount not to exceed Twenty Million dollars and 00/100 ($20,000,000.00) to be borrowed in increments between Fiscal Year 2026 and Fiscal Year 2028 for the purpose of funding capital improvement infrastructure projects of the City and its departments in furtherance of the City’s 5-Year Capital Plan?”

ISSUANCE OF REVENUE BONDS FOR WASTEWATER AND STORMWATER UTILITY PROJECTS

“Shall the City be authorized to issue revenue bonds or notes in one or more series, in a principal amount not to exceed $152,000,000 in the aggregate, to be issued pursuant to the City Charter and subchapter 2 of Chapter 53 of Title 24, Vermont Statutes annotated, on behalf of the Water Resources Division of the Department of Public Works and payable only by the net revenues of the wastewater system and stormwater system, as may be determined by the City Council, for the purpose of paying for (i) capital additions and improvements to the City’s wastewater and stormwater systems, including the City’s wastewater treatment plants, pump stations and collection system, the stormwater treatment and collection system, combined sewer overflow mitigation projects, stormwater outfall rehabilitation, and (ii) funding a debt service reserve fund and paying costs of issuance?”

Estimated total Project Costs for Wastewater System: $138,000,000

Estimated total Project Costs for Stormwater System: $14,000,000

City Share of Total Costs: $152,000,000

ISSUANCE OF REVENUE BONDS FOR DRINKING WATER UTILITY PROJECTS

“Shall the City be authorized to issue revenue bonds or notes in one or more series, in a principal amount not to exceed $20,000,000, to be issued pursuant to the City Charter and subchapter 2 of Chapter 53 of Title 24, Vermont Statutes annotated, on behalf of the Water Resources Division of the Department of Public Works and payable only by the net revenues of the waterworks system for the purpose of (i) paying for capital additions and improvements to the waterworks system, including the City’s drinking water reservoir and pump station, the drinking water treatment plant, underground pipe and water distribution system, and (ii) to fund debt service reserve funds and pay costs of issuance?”

Estimated total Project Cost: $ 20,000,000

City Share of Costs: $20,000,000

The following are designated as polling places:

Ward One/East District: Mater Christi School, 50 Mansfield Ave.

Ward Two/Central District: O.N.E. Community Center, 20 Allen St.

Ward Three/Central District: Sustainability Academy, 123 North St.

Ward Four/North District: Elks Lodge, 925 North Ave.

Ward Five/South District: Burlington Electric Department, 585 Pine St.

Ward Six/South District: Edmunds Elementary School, 275 Main St.

Ward Seven/North District: Robert Miller Community & Recreation Center, 130 Gosse Ct.

Ward Eight/East District: Fletcher Free Library, 235 College St.

The polls open at 7:00 a.m. and close at 7:00 p.m.