Rogue River City Street Improvements Bond Question (November 2012)
County authorized and published summary of Question:
|“||This measure authorizes the City to issue general obligation bonds, in one or more series, in an amount not exceeding $1,600,000 to finance the costs of capital construction and capital improvements, including, but not limited to:
· constructing, improving and repairing City streets, including sidewalks, bicycle lanes, landscaping, lighting and all equipment and appurtenance’s necessary, useful or convenient thereto (the “Project”); and, · pay costs relating to the issuance of the bonds.
Upon completion of the Project, the City may use remaining bond proceeds for additional City capital construction or capital improvements.
Bonds would mature within 21 years from date of issuance. Current Projects costs result in a levy of approximately $.68 per $1,000 of assessed value per year on real property within the City. Two City bond levies that currently result in a levy of approximately $.49 per $1,000 of assessed value will no longer be assessed after the 2012-2013 fiscal year. If the bond measure is approved, the estimated levy would cost approximately $.19 per thousand more than the two expiring bond levies.
|Question 117-Roque River City Streets|
Election results from Jackson County Current Election Results Summary
Text of measure
Language on the ballot:
|“||Shall the City issue bonds in an amount not exceeding $1,600,000 to finance the costs of street improvements and repairs?||”|
- Jackson County Elections, List of Local Measures
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.