General Obligation Bonds

  1. Overview
  2. FAQs

In November 2017, voters in the Town of Davidson approved issuance of up to $15 million in General Obligation (GO) bonds in for mobility, greenways, and parks and recreation projects. In addition, voters approved $6 million in funding for mobility/transportation, $5 million for greenways, and $4 million for parks & recreation. More information about these projects is available here.

On November 5, 2019, voters in Davidson approved a referendum concerning $14 million in funding for public facilities. More details on this project may be found here.


Update on 2017 GO Bonds Projects

At the Davidson Board of Commissioners meeting on Tuesday, April 13, 2021, town staff provided an overview of the 2017 General Obligation Bonds projects. The projects include greenways, parks and mobility improvements. Information is provided on the project scope, budget, and timeline. The presentation may be found here.

Update on 2017 and 2019 GO Bonds Issuance

At the Davidson Board of Commissioners meeting on Tuesday, April 13, 2021, Finance Director Piet Swart and partners Scott Leo, Bond Counsel at Parker Poe Adams & Bernstein LLP and David Cheatwood at First Tryon Advisors provided an update on the status of issuing $17.5 million voter approved general obligation bonds in June 2021. The bonds approved by voters in 2017 will fund mobility, greenway, and parks projects. The 2019 voter approved bonds will fund the renovation of 251 South Street as the new Town Center and Town Hall as well as the renovation of the current Town Hall to a Public Safety headquarters. The presentation included a timeline of activities, the bond rating process, a summary of the total bond issuance, and financial model information. The full presentation may be found here