Davidson would get new parks and greenways and improved intersections if voters approve $15 million in bonds on Election Day.
Voters will cast ballots Nov. 7 on a $5 million referendum on greenways and multi-use paths; up to a $6 million referendum on intersection improvements and up to a $4 million referendum on parks.
Davidson commissioners identified projects the bonds could pay for after more than a year of discussion and input from residents. They include:
▪ Greenways and multi-use paths.
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The town wants to extend the end of the Kincaid Trail at South Street to South Main Street and then to the Potts/Sloan/Beaty multi-use path. Other projects include a greenway to connect River Run to the Summers Walk neighborhood, a multi-use path along Grey Road and a greenway connecting the Davidson Pointe neighborhood to downtown Davidson.
▪ Intersection and other road improvements.
Projects include building a roundabout at Davidson-Concord Road and Robert Walker Drive, and improving the intersection of Pine, Concord and Grey roads, and the intersection of Beaty Street and North Main Street. Money also could provide bike lanes and greenway connections from Grey Road to Shearer Road, Fisher Farm and the Rocky River Greenway.
▪ New and improved parks.
One project that money from the referendum could pay for is the second phase of the community park being built near the Bailey Springs neighborhood. Another project could be improving town-owned land beside town hall, including a new play feature and parking
Other possible projects: Improving space on the Ada Jenkins Center site and new park amenities on town-owned land on Lakeside Avenue and Griffith Street, across from Roosevelt Wilson Park.
Money also could fund a park on South Street surrounding the Davidson Parks And Recreation office beside Davidson Elementary School.
If passed, bonds would be sold as projects become ready, with the first one scheduled for 2019, officials said. Only after the bonds are issued would the town need to start paying for the bonds.
If increased revenue from ongoing growth in Davidson falls short of covering bond repayments, a property tax increase might be needed to repay the bonds, town officials said. That’s projected to be 3.62 cents, phased in as the bonds are issued. The exact tax rate increase will not be known until the bonds are issued and are getting ready to be repaid, according to the town.
Residents can vote for one, two or all three bond referendums.
For more referendum details, including charts on projected tax increases by home value, visit www.townofdavidson.org/GObonds.