None. There are no outstanding bonds in the proposed bond election. Once bonds are issued, they do not need voter approval.
Bonds to be considered in the election will be utilized only to construct the projects identified. When the City refinances outstanding bonds (similar to refinancing a mortgage), it is accomplished through the issuance of refunding bonds, which do not require approval by voters. Refunding bonds are issued to achieve savings to the City over the remaining life of the bonds. The City has minimum savings thresholds that must be met before it will consider issuing refunding bonds.