Loxahatchee Groves referendum

Allow debt up to 11 years without a referendum

Amending town charter referendum requirement for the town's issuance of certain types of debt

The Town Charter currently requires referendum approval for revenue bonds, lease purchase contracts, or any other unfunded multiyear contracts to purchase real property or construct capital improvements where the repayment term exceeds thirty-six (36) months. Should the Town Charter be amended to change the requirement for referendum approval to where the repayment term exceeds eleven (11) years, provided that a referendum would still be required if required by law, or state or federal agencies?

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