The Coon Rapids City Council has approved a Nov. 5 special election to seek residents’ approval to sell up to $17.4 million in general obligation bonds for park improvements. The bonds, which would increase property taxes, would be used to upgrade the city’s 48 park areas, more than 40 miles of trails and 800 acres of park land, about half developed.
In a park referendum brochure, the city noted that it has reduced park maintenance and improvements because state cutbacks caused the loss of more than $3.4 million in state aid to local governments over the past decade. Coon Rapids receives little in park dedication fees from residential developers because the city is nearly fully developed.
The ballot will ask for authorization “to borrow money and issue general obligation bonds, in one or more series, in the amount not to exceed $17,400,000 for the purpose of renovation, acquisition, betterment and improvements of parks, open space and trail system infrastructure in the city.”