Hollywoods General Obligation Bond

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Hollywoods General Obligation Bond

• Public Investment in Neighborhoods

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General Obligation Bond Referendum

• In November 2004, Hollywoods residents voted to
  approve the issuance of bonds to finance
  improvements to public safety and park
  facilities.
• As of June 2009, approximately 85 of funds or
  44.7 million have been spent and 23 out of 25
  major projects completed.

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Investment in Hollywoods Neighborhoods

• Makes Hollywood attractive to companies thinking
  about relocating or expanding
• Improves quality of life
• Complements Hollywoods beaches and ArtsPark

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What We Gain

• Increasing property value (5-15 added to
  assessed value of dwellings within 500 feet)
• Income from visitor spending
• Direct use value
• Health value
• Community cohesion
• Reduces the cost of managing urban stormwater
• Removal of air pollution by vegetation

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What did the Bond do?

• Provided new and upgraded fire stations and
  equipment
• Increased officer efficiency and police presence
  in the community
• Renovated outdated park facilities
• Added recreational opportunities for families

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Public Safety Projects
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Purchased Fire Vehicles
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Police Technology
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SE Hollywood Public Safety Complex
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Fire Station 31
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Fire Station 5
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Parks Projects
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Playgrounds in Neighborhood Parks
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New Playground Equipment
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New Playground Equipment
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New Playground Equipment
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New Walkways
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Walking Paths and Fitness Equipment
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Boulevard Heights Community Center
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Boulevard Heights Amphitheater
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Beverly Park Community Center
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Skate Park
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New Pavilions
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New Concession and Restroom Facilities
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New Meeting Room Concession Stand
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Hollywood West Artificial Turf Soccer Field
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Whats Left

• Replacement of Fire Station 40
• Construction of 56th Avenue Public Safety
  Training, Maintenance, and Storage Facility
• Oak Lake Park Improvements
• Lincoln Park
• Hillcrest Park

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What Else?

• Additional Jefferson Park improvements
• Additional playground equipment and water
  features
• Multi-Purpose Center
• Shuffleboard Courts