Tri-City Rural Fire District No. 4 Bond Issue, Measure 10-128 (May 2013)

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A Tri-City Rural Fire District No. 4 Bond Issue measure was approved on the May 21, 2013, election ballot in Douglas County, which is in Oregon.

This measure authorized the Tri-City Rural Fire District to increase its debt by $2.24 million through issuing general obligation bonds in that amount in order to fund the construction and equipping of a fire station. The average estimated property tax levy rate needed to repay these bonds in the required 25 years is $0.6277 per $1,000 of assessed valuation.[1]

Election results

Measure 10-128
ResultVotesPercentage
Approveda Yes 430 55.20%
No34944.80%
These results are from Douglas County elections office

Text of measure

Question on the ballot:

Shall the Fire District issue bonds not to exceed $2,240,000.00 to construct and equip a new fire station? If the bonds are approved, they will be payable from taxes on property or property ownership that are not subject to the limits of sections 11 and 11 b, Article XI of the Oregon constitution.[1][2]

Summary:

If approved, this measure would provide funds for capital costs including:

• Constructing a Fire Station
• Equipping a Fire Station
• Paying bond issuance costs
• Repayment of existing loan for the acquisition of real property from unspent bond proceeds after completion of the project, if any.

The existing fire station was built in ] 955, and is not large enough to house fire apparatus and to provide for the training of firefighters. The current station lot is too small to rebuild upon. If approved, the bonds would finance a new station to be built on a site that the district has been developing for the past several years. The new building would be seismically sate and provide disaster shelter for district residents. The Bonds would mature not later than 25-years from the date of issuance. The measure is estimated to cost taxpayers an average of 0.6277 per thousand of assessed value each year. For the owner of a home with a taxable assessed valuation of $100,000, the estimated cost would be $62.77 per year.[1][2]

See also

External links

References

  1. 1.0 1.1 1.2 Douglas County May 21, 2013 Measures List
  2. 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.