The City of Fayetteville Bonds that were presented on the November 8 ballot passed with a 67% percentage. Now that the bonds are passed…what’s next?
HOUSING BOND – $12 million
* $9M – yields up to 500 new units
* $1M – yields up to 20 new single family homes, the city will be looking for a development, construction, and financing partners
* $1M – yields up to 40 homeowner rehabs
* $1M – yields up to 40 first time homeowners
PUBLIC INFRASTRUCTURE – $25 million
* $15M – street resurfacing, estimated total of 63 miles of resurfacing
* $8 – sidewalks
* $750k – estimated 3 road miles
* $1.25M – intersection improvements
PUBLIC SAFETY BOND – $60 million
* 911 Dispatch Facility – New facility on new site
* Fire Station #16 – Replacement facility
* Fire Station #9 – Replacement facility
* Fire Station #2 – Replacement facility
