Mint Hill

2018 Bonds Referendum

On this page:
Public Facility Bond
Parks and Recreation Bond
Bond Facts and Information

Nov 6

At their July 19, 2018 meeting, the Mint Hill Board of Commissioners approved two general obligation bond orders to be presented to Mint Hill voters.
On Tuesday November 6, 2018, residents will be presented with two separate bond questions on their ballot: a parks and recreation bond and a public facility bond. Each bond will pass or fail independently, where a vote of "yes" will indicate support of the specific bond, while a vote of "no" will indicate a disapproval of the specific bond.

 

Facility PUBLIC FACILITY BOND

A $3,000,000 public facility bond is proposed to cover the costs of restoring and converting the historic Bain Academy building into a public cultural arts center.

This project is proposed to include the preservation, remediation, and reconfiguration of the existing structure located at the intersection of Bain School Road and Philadelphia Church Road (in front of Bain Elementary School). The vision for the project includes restoration of the building and its auditorium to be used as a public cultural arts center for dance, music, other performances, civic meetings, and community gatherings.

Bain Exterior
Existing Bain Academy Structure

Bain Center Vicinity MapVicinity Map of the Proposed Cultural Arts Center at the Historic Bain Academy
(click for larger)

The existing facility is currently owned by Charlotte-Mecklenburg Schools (CMS) who has preserved the unused approximately 7,500 sq. ft. building for a future use, if desired by the Town. The restored and repurposed facility would be owned and operated by the Town of Mint Hill. 

If the public facility bond referendum passes, an architect will be selected based on qualifications to develop conceptual plans and eventually construction documents for the building. Public input will be incorporated into the planning of the facility by several means including stakeholder groups, public meetings, and other methods that encourage residents to provide input that will be used to guide the design team.


 

Recreation PARKS and RECREATION BOND

A $15,000,000 parks and recreation bond is proposed to cover the construction of two public park facilities: an athletic park on Brief Road and a baseball stadium at Veterans Memorial Park near NC218 and I-485.

Athletic Park on Brief Road

The proposed Athletic Park on Brief Road began planning and design in 2015 at the direction of the Board of Commissioners to address the growing need for athletic facilities in Mint Hill. The Park is proposed at the Town's existing 28-acre parcel located at 9801 Brief Road (across the street from the privately-operated Mint Hill Athletic Association). Several multi-use rectangular athletic fields will be featured with supporting amenities such as a playground, walking/jogging path, parking, and restrooms.

 

Athletic Park Vicinity MapVicinity Map of the Proposed Athletic Park on Brief Road
(click image for larger)


Proposed Site Plan for the Athletic Park (click image for larger)
NOTE: This is for graphical representation only--the site layout and features
are subject to change as the design is finalized.

For more information about the proposed
Athletic Park on Brief Road Project, click here.

Stadium at Veterans Memorial Park

The proposed Stadium at Veterans Memorial Park was originally included in the Athletic Park on Brief Road's design and was designated exclusively as a baseball stadium. In order to fit more rectangular multi-use fields at the Park, the decision was made to relocate the Stadium to unused property at Veterans Memorial Park. This has the added benefit of allowing additional parking and better access to events at the Stadium.

While the stadium will be centered around a baseball field, it will not be exclusive to baseball games. Its design will incorporate features that allow a flexible community use for food events, concerts, festivals, and other programming. The baseball field will be used for organized games featuring local high schools, colleges, American Legion, adult leagues, and other teams that play on a full-size field. The Town has negotiated a long-term lease with a summer collegiate wood bat baseball team, contingent upon the bond passing.

Stadium Vicinity Map
Vicinity Map of the Proposed Stadium at Veterans Memorial Park
(click image for larger)

Stadium Site Plan
Proposed Stadium Site Plan (click image for larger)
NOTE: This is for graphical representation only--the site layout and features
are subject to change as the design is finalized.

For more information about the proposed
Stadium at Veterans Memorial Park Project, click here.


Town Staff Welcomes Questions About These Projects

Please feel free to contact Town Hall with any questions, comments, or requests for more information about any Town project.
Contact Steve Frey, PE, Town Engineer & Director of Public Works at 704-545-9726
or use the contact form on the side of this page.


 

 Bond Facts and Information

Here are some frequently asked questions and other information regarding the bond referendums that will be presented to Mint Hill voters:

>> What is a "bond referendum"?
>> What is a "bond"?
>> Is the Town required to hold a referendum for the financing of these projects?
>> Why do these projects need a bond?
>> Will the bonds increase my taxes?
>> What rules and laws will govern these bonds?


 

>> What is a "bond referendum"?

A "referendum" is another name for a vote; more precisely, a vote on a specific subject that asks for a direct decision. A "bond referendum" is a vote by a jurisdiction's electorate (in this case, Mint Hill's voting residents) about whether or not to issue bonds for a specified use or project.


 

>> What is a bond?

A bond is a debt instrument used by government entities to secure sums of money for a specified use or project. The bonds are backed by the ability of the entity to repay them by using revenue such as cash on hand, taxing authority, and other revenue sources.


 

>> Is the Town required to hold a referendum for the financing of these projects?

It depends on which financing method the Town chooses; however, the Mint Hill Board of Commissioners unanimously voted to move forward with a referendum to allow the residents of Mint Hill full decision-making authority over whether or not to pursue general obligation bonds as the funding source for these projects.


 

>> Why do these projects need a bond?

Bonds are typically used to finance projects that need more cash than what can be normally handled in a fiscal year's budget or by existing cash reserves.


 

>> Will the bonds increase my taxes?

A bond is backed (i.e. guaranteed to investors who purchase them) by the credit rating and taxing authority of an entity. Investors are promised repayment over a given timeframe by using an entity's revenue sources--in this case, the taxing authority of Mint Hill. Given the amount of the bonds proposed and the repayment schedules, the Town anticipates a possible property tax increase of approximately $0.03 to $0.05 per $100 of valuation. This would be in addition to the current Mint Hill property tax rate of $0.27 per $100 of valuation.

How much does that equate to for you?

It depends upon the tax value of your property. For example:

>>  A home with a $100,000 tax value could see an additional $30 to $50 per year
>>  A home with a $200,000 tax value could see an additional $60 to $100 per year


 

>> What rules and laws govern these bonds?

North Carolina has explicit laws governing the issuance of bond debt by municipalities. NCGS Chapter 159, Article 4 covers this topic. Reference the North Carolina General Assembly website for details.