Cottonwood Fire Protection District Bond Issue, Measure D (November 2014)

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A Cottonwood Fire Protection District Bond Issue, Measure D ballot question was on the November 4, 2014 election ballot for voters in the Cottonwood Fire Protection District in Shasta County, California. It was defeated.

If approved, Measure D would have authorized the district to increase its debt by $4 million through issuing general obligation bonds in that amount in order to fund a new fire station. The bonds would have needed to be repaid within 40 years. District officials estimated that in order to repay these bonds an additional property tax levy of at most $94 per $100,000 of assessed property value in the first year after the bond issue and at most $46 per $100,000 of assessed property value for each year after that would have been necessary.

A two-thirds (66.67%) vote was required for the approval of Measure D.

Election results

Cottonwood Fire Protection District, Measure D
Result		Votes	Percentage
d No		620	35.03%
Yes		1,150	64.97%

Election results via: Shasta County Elections Office

Text of measure

Ballot question

The question on the ballot:

“

Should the Cottonwood Fire Protection District issue general obligation bonds in an amount not to exceed $4,000,000 for the purpose of acquiring and constructing a new fire station in the District and related capital expenses at legal rates and no bonds maturing beyond 40 years?

”

Impartial analysis

The following impartial analysis was prepared for Measure D:

“	This analysis of the general obligation bond measure for the Cottonwood Fire Protection District (“District”), Measure D, is prepared and submitted to the voters in accordance with Elections Code sections 9160, et seq. The electors who will be entitled to vote on the measure are those qualified electors who reside within the boundaries of the District. If approved, the issuance of the bonds will be in conformance with the laws of the State of California. Measure D does not propose to amend or add to existing law. Section 1 of Article XIIIA of the California Constitution and Health and Safety Code sections 13925, et seq. authorize a fire protection district to adopt a proposal, subject to the approval of the District’s voters, authorizing the issuance of general obligation bonds for specific purposes. The District’s Board of Directors has adopted such a proposal and is submitting it to the District electors for their consideration. If two-thirds of the qualified electors voting on Measure D vote for approval, the District’s Board of Directors would be authorized to issue bonds in the principal amount not to exceed $4,000,000 and to levy ad valorem taxes on taxable property within the District to pay for the bonded indebtedness, plus interest. The bonds may be issued and sold in several series and may mature in 40 years or such shorter period as determined by the District Board. The interest rate on the bonds would not exceed the statutory limit. The proceeds of the bonds may only be used for the acquisition or construction of a new fire station within the District and may include expenses for the authorization, issuance, and sale of the bonds. The proceeds will not be used for any other purpose. According to the tax rate statement submitted by Rodney Chadbon, Administrator of the Cottonwood Fire Protection District, the best estimate of the maximum ad valorem tax which would be levied on taxable real property to repay the bonds for the tax bill of November 2014 is $0.094 for property having an assessed value of $100.00, and $0.046 per year over the remaining term for property having an assessed value of $100.00. These calculations, however, are estimates only and are not binding upon the District. If Measure D is not approved by two-thirds of the qualified electors voting on the measure, the District will not be authorized to issue bonds for the aforementioned purposes.	”
—James R. Ross, Assistant Shasta County Counsel

See also

• District bonds on the ballot
• Shasta County, California ballot measures
• November 4, 2014 ballot measures in California

External links

Suggest a link

• Shasta County Elections Office website