Amount: $52,630,000
Question
Shall Arlington County contract a debt and issue its general obligation bonds in the maximum principal amount of $52,630,000 to finance, together with other available funds, the cost of various capital projects for the Washington Metropolitan Area Transit Authority (WMATA) and other transit, pedestrian, road or transportation projects?
Explanation
This proposal will fund a variety of transportation, road, pedestrian enhancement and transit projects across the County. The anticipated costs of the projects that may be financed under this proposal are $42.6 million to fund a portion of Arlington County’s share of WMATA / Metro’s capital improvement program, $7.2 million to fund a portion of the costs for paving local streets and roadways, $1.5 million to fund bridge maintenance, $1.1 million for street lighting, $0.2 million for intelligent transportation system device replacement, and $0.1 million for Curb & Gutter Missing Links. The County Board may reallocate bond funds among other transportation projects within the County’s Capital Improvement Plan, as amended from time to time, to the extent necessary or desirable.