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Pleasant Hill Rural Fire District Bond Issue, Measure 20-216 (May 2013)

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A Pleasant Hill Rural Fire District Bond Issue measure was defeated on the May 21, 2013, election ballot in Lane County, which is in Oregon.

If approved, this measure would have authorized the Pleasant Hill Rural Fire District to increase its debt by $2.5 million through issuing general obligation bonds in that amount in order to fund improvement projects as described below in the Summary under the Text of measure section. The estimated average annual property tax rate needed to repay these bonds in the required 20 years is $0.5307 per $1,000 of assessed valuation.[1]

Election results

Measure 20-216
ResultVotesPercentage
Defeatedd No61155.85%
Yes 483 44.15%
These results are from the Lane County elections office.

Text of measure

Question on the ballot:

Shall Pleasant Hill Rural Fire Protection District be authorized to issue general obligation bonds not exceeding $2.5 million? 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 11b, Article XI of the ORegon Constitution.[1][2]

Summary:

If approved, this measure would provide funds for capital costs and bond issuance costs. Specifically, bond proceeds would be used to:
  • Construct, furnish and equip a fire station;
  • Replace and acquire public safety apparatus;
  • Purchase real property and make site improvements; and,
  • Pay bonds issuance costs.

Bonds would mature in twenty (20) years or less from issuance date and may be issued in one or more series. The measure is estimated to cost taxpayers an average of $0.5307 per thousand of assessed value each year. For the owner of a home or property owner, the estimated annual average cost would be $53.07 per $100,000 of taxable assessed value.

The estimated tax cost for this measure is an ESTIMATE ONLY, based on the best information available from the County assessor at the time of the estimate.[1][2]

See also

External links

References

  1. 1.0 1.1 1.2 Lane 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.