Silverton Fire District puts $4.3 million bond on ballot

April 2015 Posted in Community, News

The Silverton Rural Fire Protection District is asking voters to approve a $4.3 million general obligation bond in the May 19 vote-by-mail election.

The fire district said the bond is needed to improve fire safety and service delivery.

If voters approve the bond, it would provide funds for capital costs to:

• Purchase and equip firefighting apparatus.

• Refurbish three existing pumpers to make safety improvements and improve reliability.

• Upgrades and safety improvements to existing fire apparatus and equipment.

• Replace Self-Contained Breathing Apparatus.

• Purchase firefighting and rescue equipment.

• Repair and safety upgrades to the Fire District training tower and burn room

• Improvements, repairs to the five district fire stations.

• Pay associated bond issuance costs

Bonds would mature in a period not to exceed 16 years from the issue date and may be issued in one or more series. The initial tax rate is estimated to be approximately $0.28 per $1,000 of assessed property value. Based on this estimate, the bond tax rate is not expected to increase from the 2014-15 rate due to the retirement of existing debt and is estimated not to increase taxes.

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