May ballot question receives initial OK from Avon council

By John LaConte

AVON — The Town Council voted unanimously Tuesday in favor of sending the town’s new police station to the ballot, a loan that would not exceed $6.5 million.Annual loans for about $415,000, or certificate of participation bonds, would be the funding mechanism used to build the new police station, if approved by voters. As those loans are annually renewed, they don’t require voter approval, but as the town has had trouble gaining community support in certificate of participation financing in the past, they will seek an election this time around. It’s scheduled for May 3. Tuesday’s approval by the council …

Source:: Vail Daily Feed