The City issued a 20-year bond in the year 2000 that provided $20 million for park upgrades throughout the City that were completed as part of the City’s Park Master Plan. The repayment of that bond issuance expires in September of 2020.
Twenty years later, many of the City’s parks are again facing critical needs to replace playgrounds, improve lighting, resurface parking lots and trails and install infrastructure that would allow for enhanced community amenities and greater activation of parks. The City desires to complete the construction, improvement, renovation, equipping and furnishing of some parks and recreation projects (see below) and desires to issue general obligation bonds to fund these parks and recreation projects in an amount not to exceed $30 million.
On November 18, 2019, City Commissioners gave preliminary approval to a bond referendum election in conjunction with the regular municipal election on March 17, 2020.
During the December 2, 2019 meeting of the West Palm Beach City Commission, the 2020 Parks Bond Referendum was approved unanimously by the City Commission. As a result, this initiative will be presented to voters in conjunction with the regular municipal election on March 17, 2020. If approved, the issuance of general obligation bonds in an amount not to exceed $30 million would facilitate widespread improvements and renovations to the City’s many parks. Additionally, the Parks Bond Referendum would be repaid from ad valorem taxation. It would not be an additional tax or fee, as property owners have already been paying a parks bond, which expires in September of 2020.