G.O. Bond

Your Town. Your Future.

Town of Cutler Bay General Obligation Bond Referendum

A special mail ballot election will be held on Tuesday, June 5, 2018 to decide if the Town should be authorized to issue general obligation bonds in the amount of $40 Million, secured by ad valorem taxes to be levied on each property owner within the Town. A general obligation (G.O.) bond is a form of borrowing in which a municipality pledges its full faith and credit (taxing power) to repay the debt with interest over a specified term. G.O. bonds are generally the least costly financing option available to the Town for funding these projects.

 

The ballot question is as follows:

“Shall the Town of Cutler Bay issue general obligation bonds not exceeding $40,000,000, in one or more series, as tax-exempt and/or taxable bonds, maturing not later than thirty years from their issuance dates, bearing interest not exceeding the maximum allowable by law, payable from ad valorem taxes levied by the town, to acquire and improve property for parks, open space, public facilities, and economic development?”
 

What will the bonds be used for?

If approved, the $40 Million of bonds will be used to acquire property which may be used for any or all of the following:

  • The development of new parks and open space
  • Public facilities
  • Opportunities for economic development.

Your Town. Your Future.

The Town is asking all registered voters who live in Cutler Bay to vote on the GO Bond Issue. If you are not already a registered voter, the last day to register to vote in the bond referendum is Monday, May 7, 2018. Visit miamidade.gov/elections or call 3-1-1 to register or check your registration status.

Sample Ballot

Frequently Asked Questions

If approved, what will be the cost to me?

Ad Valorem Tax Calculator

Your estimated* ad valorem tax from bond issuance:

Download FAQs Here Ad Valorem Tax Calculator Worksheet

Potential Outcomes

Acquire Vacant Land for

Parks & Open Space

Such as:

  • Designated nature preserves
  • Walking and cycling paths
  • Development of parks for all-ages recreation

Acquire Vacant Land for

Economic Development

Such as:

  • Attracting high-end restaurants
  • Business development for higher paying jobs
  • Development of additional flex office spaces
  • Development of business incubator

Acquire Vacant Land For

Public Facilities

Such as:

  • Capital improvements on newly acquired land
  • A municipal complex and emergency operations center
  • A multi-purpose community center
  • Additional public meeting spaces

We’re Committed

  ... to Cutler Bay and our residents

We are proud to say that making Cutler Bay “An Excellent Place to Live. Work. Play.” is at the heart of all we do. Over the years, our passion for excellence has earned us awards and recognition for various initiatives across multiple departments. To highlight just a few:

  • 2018 - Finalist for the 2018 Real Estate Summit featuring the R.E.A.L. (Real Estate Achievers and Leaders) Awards Luncheon!
  • 2017 – Cutler Bay named one of “America’s top 10 Hottest Suburban Neighborhoods”
  • 2017 Complete Streets Community Award for Old Cutler Road and Caribbean Boulevard
  • 2016 Certificate of Appreciation for Providing Quality After-School Services to Youth in Miami-Dade County
  • 2009-2016 - "Tree City USA" Growth Award Designation

Click here to see our full list of awards and recognition organized by department.