Bond Basics:
A general obligation (G.O.) bond is a form of borrowing in which a municipality pledges its full faith and credit (taxing power) to repay the debt with interest over a speciďŹ ed term.
It is estimated that a 30 Year, $150 Million Bond could cost the typical homeowner an average of $139 per year in additional property taxes.
The master planning process revealed that while Doral does an excellent job maintaining its existing parks, the City needs additional acreage, amenities, and facilities to meet the needs current Doral residents; a population that is projected to continue to increase into the foreseeable future.
On Nov. 6, 2018
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Doral voters will have the opportunity to vote on a General Obligation Parks Bond for $150 million that would help fund the construction of future Doral park projects. This bond will help provide the residents of Doral with access to numerous new recreation and leisure opportunities city-wide.
Your City, Your Parks, Your Future! DoralParksBond.org
Proposed Bond Projects:
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The projects proposed within this bond are intent on meeting the high-priority needs identified in the 2017 Doral Parks System Master Plan, allowing for the greatest benefit to the largest amount of Doral’s residents as possible, regardless of age, ability, or location within the city. These core project areas include:
1. Doral Central Park
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2. Doral Cultural Arts Pavilion 3. Improved Existing Parks 4. Expanded Trail Network 5. New Walk-To Parks
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