2021 Open Space GO Bond
The county wants to preserve its open spaces for recreational and environmental conservation purposes and intelligently manage its growth.
- Bond lasts for 26 years
- $50,000,000 total will be raised through the GO Bond
- Tax is an estimated $40/year on a $715,000 primary residence. $73/year on a business or secondary residence of the same value
- Residents will see the tax rate of the Summit County General Fund on their property tax bill increase slightly this year. That is for this Open Spaces GO Bond.
Purpose of GO Bond
To purchase passive and active open space, conservation easements, and construct recreational amenities. The bond also pays for environmental and wildlife mitigation measures and related improvements.
The Summit County Open Space Advisory Committee (“OSAC”) has been created for the purpose of:
- Serving the Public Interest by evaluating the Evaluation Standards recommended by each of the Regional Advisory Groups and adopting final Evaluation Standards for each Region, advising and providing recommendations to the County Manager regarding the identification, evaluation (including the evaluation of NOIs), and possible acquisition of Property Interests based on the approved Evaluation Standards for the entire county.
- The Summit County Open Space Advisory Committee, is comprised of three (3) Members of each of the Regional Advisory Groups.
- Regional Advisory Groups consist of (7) seven representatives from the North, South, and West Summit County areas.
Criteria for open space land purchases
- The county generally acquires properties that meet one or more of the following criteria:
- Preserving rural areas that provide community buffers including significant agricultural land
- Land for passive recreation including land for public access and potential trail connections
- Land with other significant resources, including scenic view corridors, riparian corridors, wetlands, and wildlife habitat
- Properties that reduce development density, or provide growth limitation/buffers
Methods Summit County uses to acquire property
OFFICIAL BALLOT FOR SUMMIT COUNTY, UTAH
NOVEMBER 2, 2021
Summit County Clerk
COUNTY BALLOT QUESTIONS
County General Obligation Bond
Shall the County Council (the "Council") of Summit County, Utah (the "County"), be authorized to issue General Obligation Bonds (the "Bonds") in a principal amount not to exceed Fifty Million Dollars ($50,000,000) for the purpose of paying all or a portion of the costs of the acquisition of passive and active open space, conservation easements, and constructing recreational amenities and environmental and wildlife mitigation measures and related improvements; said Bonds to be due and payable in not to exceed twenty-six (26) years from the date of issuance of the Bonds?
Property Tax Cost of Bonds: If the Bonds are issued as planned, an annual property tax sufficient to pay debt service on the Bonds will be required over a period of twenty-six (26) years in the estimated amount of $40 per year on a $715,000 primary residence and in the estimated amount of $73 per year on a business or secondary residence having the same value.
The foregoing information is only an estimate and is not a limit on the amount of taxes that the County may be required to levy to pay debt service on the Bonds. The County is obligated to levy taxes to the extent provided by law in order to pay the Bonds. The amounts are based on various assumptions and estimates, including estimated debt service on the Bonds and taxable values of property in the County.
FOR THE ISSUANCE OF BONDS (YES)
AGAINST THE ISSUANCE OF BONDS (NO)