Homestead residents will vote Tuesday on whether the city should borrow up to $26 million for a new police headquarters and the restoration of the Seminole Theatre.
The projects are part of a larger downtown revitalization effort by the city government
If the general-obligation bonds are approved, $18 million will go toward the new police facility, with another $3 million for refurbishment of a temporary headquarters while the new structure is built. A total of $5 million would be spent on renovating the Seminole Theatre, a task begun some years ago but left incomplete.
City residents will vote on the police station and the theater separately, so voters could approve one but not the other.
If voters approve both ballot questions, the owner of a home with a taxable value of $120,000 would pay about $120 per year. That’s based on a tax increase of 82 cents per $1,000 in taxable home value for the police plus 19 cents per $1,000 for the theater.
For more information, visit www.cityofhomestead.com/index.aspx?nid=364.