Let's GO Hollywood Bond
What Is The Let's GO Hollywood General Obligation Bond?
On March 12, 2019, the City of Hollywood will hold a Special Election where voters will be asked a decide on whether to fund a variety of city-wide public improvement projects to be funded by a General Obligation Bond (GO Bond) of $165 million.
What will the GO Bond Include?
The Let's GO Hollywood Citywide improvements are divided into three broad categories, with those categories appearing as three questions on the March 12th ballot.
- Public Safety Facilities, Technology and Equipment - $78 million
- Parks, Open Space, Recreational and Cultural Facilities - $64 million
- Neighborhood Improvements, Infrastructure and Resiliency - $23 million
With input from the community and assessment of Citywide needs, a list of projects to be funded through the GO Bond has been compiled.
Some of the Proposed Projects
- New Hollywood Police Department Headquarters
- Hollywood Fire Rescue Trucks and Equipment
- Traffic Calming and Control Measures
- City-wide Park Improvements
- Preservation of Open Space through the acquisition of the former Sunset Golf Course and revitalization of Orangebrook and Hollywood Beach Golf Courses
- Art and Culture Center/Hollywood Multidisciplinary Arts Education Center
- ArtsPark at Young Circle Improvements
- Renovation of former Armory Building into Indoor Sports Facility
- Recreational Facilities and Sports Fields
- Creation of Natural Trails
- Neighborhood Sound Walls and Landscaping
- Gateway and Neighborhood Monument Signs
- Sea Walls and Tidal Flooding Mitigation
- Hardening of Utilities in North Beach
View the presentation to the City Commission on December 5, 2018.
How Will These Projects Be Funded?
How Much Will It Cost You?
To see an estimate of how much the General Obligation Bond may cost you each month, click on the map below and enter your street number and street name then click "Apply". If you reside in a condo or multi-family property you also have the option to enter your unit number as well. Once you hit Apply an estimate of your monthly cost will be displayed. This estimate is based on an interest rate that may change when bonds are issued.,
DO NOT enter a street direction (North, South, East, West) or street type (Street, Avenue, Boulevard). If you enter that information you will see an error message.
Why Is a GO Bond Being Proposed?
The City of Hollywood maintains more than 85 facilities and parks, 400+ miles of streets and alleys, 301 miles of sidewalks and 5+ miles of beach. Each year the City adopts a 5-year plan to address large scale maintenance projects, renovations and construction of new facilities. This allows the City to plan funding for maintenance of its basic infrastructure such as street resurfacing, sidewalk repair, facility upkeep, etc. After more than a year of public input, needs assessments, and cost analysis, many significant projects in all areas of the City were identified as important to improve the safety and quality of life for Hollywood residents. GO Bonds are a cost-effective way for cities to pay for major projects like these.
The City uses various sources of funding to pay for the projects. Such funding sources include:
•Debt Financing (borrowing money)
•Charges for Services
•State and Federal Grants
Even with these sources of revenue, the City currently does not have available funds to complete many proposed improvement projects. Debt financing has been the primary mechanism for paying for large, City-wide projects. The interest and principal (debt service) on debt financed projects is repaid by the General Fund Operating Budget over a period of time. The City has the ability to pay for debt financing but, if you all add in paying for the annual debt service too, that figure limits the amount of funding available for capital improvement projects in any one year. Bond financing allows cities to spread the cost for large projects out over many years.
Will My Taxes Go Up?The City's base millage rate will not change as a result of the bond being issued. A separate millage rate estimated at .6402 will be added to cover the costs of GO Bond projects. For a $165 million bond, the owner of a home with a taxable value of $165,000 (the average taxable value in Hollywood) would pay an estimated $106 more per year.
What Are Our Options?
Without the GO Bond, the City may eventually have to raise the operating millage rate to address the needed projects or forgo many of the projects.
What Can Taxpayers Expect in this Process? A public education effort is underway to ensure voters have the information they need to vote on the Let's GO Hollywood Bond initiative. The public must vote on authorizing the City to sell bonds; therefore three referendum questions will appear on the March 12, 2019 special election ballot for voters of the City to decide.
If the bonds are approved by voters, a 15-member GO Bond Oversight Committee, or "steering committee," will be formed to ensure that the funds are spent appropriately and that projects are completed as planned. The Committee will be comprised of 10 members representing neighborhood or civic associations and 5 professionals from various disciplines including architecture, engineering, construction and finance.
Lets Go Hollywood Citizens' Oversight Committee
When Can I See The Results of the GO Bond?
Bonds are typically issued 3 to 6 months after voters have approved the referendum. While smaller projects will get underway quickly, the first wave of large-scale projects are expected to take approximately three years including design and construction.
What Areas Will Be Impacted?
All areas of the City will see improvements.
Vote By Mail
Click here to visit the Broward County Supervisor of Elections website to request a Mail Ballot. The last day to request a Mail Ballot is Wednesday, March 6th at 5:00 p.m.
Vote on Election Day
Cast your vote on Tuesday, March 12, 2019.
What other questions will I see on the ballot?
Three questions related to the sale of City owned timeshare interests at the Hollywood Sands Resort and the Hollywood Beach Hotel and Condominium will also appear on the ballot. These timeshare interests were acquired by the City in 2015 as part of an agreement with Sean A. Cononie, Cosac Homeless Assistance Center, and Mark Targett.
- Parcel ID No. 514212CJ9998 (HOLLYWOOD SANDS RESORT) includes timeshare units known as Unit 20, Week 31, and Unit 20, Week 32.
- Parcel ID No. 514213BD0130 (HOLLYWOOD BEACH HOTEL AND TOWERS) includes a timeshare unit known as Condominium Parcel 306, Week 12.
City Charter Section 13.01, Sale of City-Owned Real Property, states in Section (c) that any real property which is beach or beachfront which the City proposes to sell or to otherwise dispose of must be approved by a majority vote of the City's electors voting on such proposal. Upon approval by the electorate, the City Manager or designee will be authorized to offer the Units for sale in accordance with the City Charter. If approved by a majority of the electors voting, such approval shall take effect as of the day immediately following the certification of the results of the referendum.
|Park East Civic Association||Police Department Headquarters, 3250 Hollywood Blvd.||1/15/2019||7:00 pm|
|Hollywood Hills Civic Association||David Park Community Center, 108 North 33rd Street||1/16/2019||7:00 pm|
|North Central Hollywood Civic Association||Fred Lippman Multi-Purpose Center, 2030 Polk Street||1/29/2019||7:00 pm|
|Lawn Acres Civic Association||David Park Community Center, 108 North 33rd Street||1/28/2019||7:00 pm|
|Hillcrest Condominium Leadership Council||Large Clubhouse||2/4/2019||5:00 pm|
|Hillcrest Presidents' Council Low Rise Buildings||Large Clubhouse||2/4/2019||5:00 pm|
|Downtown Parkside Royal Poinciana Civic Association||Fred Lippman Multi-Purpose Center, 2030 Polk Street||2/5/2019||7:00 pm|
|Hollywood Beach Civic Association||HBCCC, 1301 South Ocean Drive||2/8/2019||12:00 pm|
|Liberia Civic Association||MLK Center, 2400 Charleston Street||2/11/2019||7:00 pm|
|Driftwood Civic Association||Driftwood Recreation Center, 3000 N. 69 Ave||2/19/2019||7:00 pm|
|Hollywood Lakes Civic Association||HBCCC, 1301 South Ocean Drive||2/12/2019||12:00 pm|
|United Neighbors of South Hollywood||McNicol Middle School, 1411 South 28th Ave||2/21/2019||7:00 pm|
|Washington Park Homeowners Association||Washington Park Community Center, 5199 Pembroke Rd||3/12/2019||7:00 pm|