Resolution Supporting 2010 Bond Issue Referenda

WHEREAS, Arlington County has kept its bond indebtedness to levels that allow it to maintain the highest level bond rating, and
WHEREAS, Arlington County has the opportunity to make capital improvements by borrowing at historically low interest rates, and
WHEREAS, the County Board has adopted a new 6-year Capital Improvement Program which addresses serious needs in our community, and
WHEREAS, the County Board has placed four referenda on the November 2010 election ballot consistent with the 6-year Capital Improvement Program, and
WHEREAS, both the County Board and the School Board seek to reconstruct Wakefield High School at this time and recommend adoption of a school bond issue of $102 million for this and other necessary investments, and
WHEREAS, Arlington's share of Metro system capital expenditures and other transportation needs would be addressed by issuing $34 million in bonds, and
WHEREAS, other pressing Community Infrastructure needs will be addressed by a proposed $18 million bond issue, and
WHEREAS, Parks and Recreation needs will be addressed by a $6 million bond issue including $2 million for parkland acquisition.
THEREFORE, BE IT RESOLVED that the Arlington County Democratic Committee supports these bond issues and calls upon all Arlington voters to vote YES on these bond issues in the November 2010 general election.