Milton voters will be asked Nov. 8 to approve the sale of up to $25 million in general obligation bonds to pay for conservation land, wildlife habitats, natural areas and trails.
The City Council approved the referendum at its Monday night meeting, citing in its bond ordinance an “urgent need” for conservation efforts. If voters approve, the bonds would have an annual interest rate no higher than 6.95 percent and a term of 19 years and would be repaid by property tax revenues.
“There are no specific parcels in mind at this time, but the city is working on establishing a set of land acquisition criteria that can be used to guide those decisions should the bond pass,” said Kathleen Johnson, conservation project manager for Milton.
The Trust for Public Land advised the city on a feasibility study on the bond issue.
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