Let's GO Hollywood Bond
March 12, 2019 Election Results
Question 1: Neighborhood Improvements, Infrastructure & Resiliency
For Bond: 4,988 Votes 59.90%
Against Bond: 3,339 Votes 40.10%
Question 2: Public Safety Facilities, Technology and Equipment
For Bond: 4,551 Votes 54.04%
Against Bond: 3,870 Votes 45.96%
Question 3: Parks, Open Space, Recreational and Cultural Facilities
For Bond: 4,685 Votes 58.45%
Against Bond: 3,331 Votes 41.55%
Question 4: Sale of Timeshare - Unit 20, Week 31
Yes: 6,803 Votes 83.60%
No: 1,335 Votes 16.40%
Question 5: Sale of Timeshare - Unit 20, Week 32
Yes: 7,265 Votes 84.33%
No: 1,350 Votes 15.67%
Question 6: Sale of Timeshare - Unit 306, Week 12
Yes : 7,256 Votes 584.55%
No: 1,326 Votes 15.45%
What Is The Let's GO Hollywood General Obligation Bond?
On March 12, 2019, the City of Hollywood held a Special Election where a majority of voters decided 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 Bonds include?
The Let's GO Hollywood Bonds will cover city-wide improvements in three broad categories:
- 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 city-wide needs, a list of projects to be funded through GO Bonds has been compiled.
Some of the GO Bond Projects Proposed
- 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.
View City Commission Resolutions authorizing the GO Bond Referendum
- Resolution: R-2018-386
- Resolution: R-2018-387
- Resolution: R-2019-011 revised R-2018-388
- Resolution: R-2018-389
View the project list from the December 5, 2018 City Commission meeting
- Open Space, Parks, Recreation and Cultural Arts Facilities
- Neighborhoods, Infrastructure and Resiliency
- Public Safety Facilities, Technology and Equipment
View the National Golf Foundation's Business Evaluation of Orangebrook Golf Course
Why Was a GO Bond 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.
Lets Go Hollywood General Obligation Bond Advisory CommitteeNow that the bonds have been approved by voters, a 15-member GO Bond Advisory Committee has been seated. The committee will receive GOB project updates and review project status on a regular basis at least twice a year, and more frequently when necessary. The Committee will make recommendations, in consultation with City staff and will monitor the implementation of the projects to ensure funds are spent appropriately and that projects are completed as planned.
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. The bonds will be issued in two phases, with Phase 1 of $70 million dollars to be issued this fall and will fund the majority of the GO Bond projects. Many of the projects are in the planning and design phase, while some have already gone out to bid, such as several park improvement projects. The Phase 2 issuance of $90 million dollars is planned for 2021 and will fund construction of the new police headquarters, tidal flooding projects and the Orangbrook Golf and Country Club Revitalization project.
What Areas Will Be Impacted?
All areas of the City will see improvements.