Ballot Issue 3G: Town of Berthoud

The ballot question

SHALL THE TOWN OF BERTHOUD DEBT BE INCREASED $28,000,000, WITH A MAXIMUM REPAYMENT COST OF UP TO $60,000,000, SUCH DEBT TO CONSIST OF SALES AND USE TAX REVENUE BONDS TO BE PAYABLE FROM ALL OR A PORTION OF THE TOWN'S SALES AND USE TAX (WITHOUT INCREASING TAXES) AND ISSUED SOLELY FOR PARKS AND RECREATION PURPOSES, INCLUDING BUT NOT LIMITED TO THE DESIGN, CONSTRUCTION, AND EQUIPMENT OF A COMMUNITY PARK SITE KNOWN AS MOUNTAIN VISTA PARK AND CONSISTING OF A COMBINATION OF BALLFIELDS, AQUATIC RECREATION FEATURES, AND RELATED IMPROVEMENTS; SUCH BONDS TO BE ISSUED, DATED AND SOLD AT SUCH TIMES, AND AT SUCH PRICES (AT, ABOVE OR BELOW PAR) AND CONTAINING SUCH TERMS, NOT INCONSISTENT HEREWITH, AS THE BOARD OF TRUSTEES MAY DETERMINE; AND SHALL THE EARNINGS ON THE INVESTMENT OF THE PROCEEDS OF SUCH BONDS (REGARDLESS OF AMOUNT) AND THE FUNDS USED FOR THE PAYMENT OF THE BONDS CONSTITUTE A VOTER-APPROVED REVENUE CHANGE AND AN EXCEPTION TO THE REVENUE AND SPENDING LIMITS OF ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?