Ada County Clerk Chris Rich told the GUARDIAN Monday that 50 ballots from the M3 development owner north of Eagle would not be counted in tomorrow’s bond election after both the Idaho Attorney General and Ada County Prosecutor determined only residents of Idaho and the district could vote.
That leaves the fate of $325 million in bonds with a value of about $781 million after interest, in the hands of five voters in two families. Both families rent homes in the Community Infrastructure Development (CID) which seeks approval in order to finance 7,000 residential lots and provide sewer, water, irrigation, and roads.
Future property owners would be left to pay off the cost of the development bonds through liens on their property.
To insure more advertising-free Boise Guardian news, please consider financial support.