Proceeds of the $30 million bond would be used to build indoor and outdoor pickleball courts, among other projects.
PARK CITY, Utah — The Park City Council will hold a public hearing at its meeting on Wednesday on the $30,000,000 recreational facility general obligation bond that will be on the November ballot.
The Park City Council put the $30 million bond on this year’s election ballot in late August. Proceeds would be used for expansion at the Park City Municipal Athletic and Recreation Center and new amenities at the Park City Sports Complex at Quinn’s Junction, and to build indoor and outdoor pickleball courts.
A property tax to pay debt service on the bonds would be required over the next 20 years. According to a Park City Council staff report, the tax for a primary residence assessed at $2.34 million would be $137.20 per year. For a business property with the same assessed value, the tax would be $249.46 per year. It adds, “The foregoing information is only an estimate and is not a limit on the amount of taxes that the Council may be required to levy to pay debt service on the Bonds.”
The regular meeting of the Park City Council will start at 5:30 p.m. in the City Council Chambers at Park City Hall, 445 Marsac Ave. The public hearing is the sixth item on the agenda. Virtual attendance options will be available.
Another meeting regarding the ballot proposition will be held on Oct. 26, before ballots are mailed to voters on Oct. 31.