Contact:  Jim Collins
Phone:  (336) 373-2105

Public Hearing Wednesday on Proposed Bond Issues

GREENSBORO, NC -- (July 11, 2008) – Greensboro City Council has scheduled a special meeting at 7 pm on Wednesday, July 16 to hear public comments on four important bond proposals totaling $205 million. Residents are invited to attend the meeting, step to the podium in City Council Chambers and offer opinions on the proposals which would come before voters in November if approved by City Council.

Bonds under consideration include: $134 million for transportation issues ranging from intersection improvements and sidewalks to greenways; $50 million for remodeling of the War Memorial Auditorium in the Greensboro Coliseum Complex; $20 million in Parks and Recreation bonds for projects ranging from a competitive swimming pool to an athletic field and facility improvements; and $1 million in housing bonds.

Major capital improvements in the City of Greensboro are typically funded by the issuance of bonds, much as an individual uses a mortgage to purchase a home. Public comment from residents is an important part of the process.

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The City of Greensboro works in partnership with the community to build an increased quality of life for all residents by fostering an environment where inclusion, diversity, and trust are valued.  As the seventh largest employer in Greensboro, the City has a dedicated professional staff of 2700 employees who maintain four core values of honesty, integrity, stewardship, and respect.  The City of Greensboro is governed by a council-manager form of government where a mayor and eight council members act as the legislative body.  For more information on the City of Greensboro, please visit us online at www.greensboro-nc.gov.