HomeMy WebLinkAbout02-144 AGENDA BILL
BREMERTON CITY COUNCIL
1. SUBJECT: FOR AGENDA OF: 7/24/02
ORIGINATING DEPT: Executive
Resolution No. ~ ORIGINATOR: Mayor Bozeman
Public Safety Bond Issue DATE SUBMITTED: 7/3/02
2. CLEARANCES: 3. EXHIBITS:
Attorney~ Resolution ~
Operations ~z~w=~~f..
ENDORSEMENTS'.__ INFO~i APPRO~D BY COUNCIL PRESIDENT__FOR SUBMITT~:
MAYOR ~ ~ [ ~J COUNCIL PRESIDENT
4. SUMMARY STAT~ENT ~D REQUIR~ENT FOR CO~CIL ACTION:
The attached resolution will allow the public to vote at the Septe~er 17,
2002 Primary Election on a proposition which would authorize the City to
acquire additional police patrol vehicles; acquire four additional fire
trucks, apparatus and related equipment; construct, remodel and equip a
new Fire Station and Police and Court facility with related offices. To
issue no more than $12.979 million of unlimited tax general obligation
bonds maturing within 25 years to pay the costs of such construction and
acquisition and levy annual excess property taxes to pay and retire the
bonds. This amounts to approximately $.59/$1,000 in the first year of the
bond issue to $.33/$1,000 in the final year. For the individual homeowner
whose property is valued at $100,000 this equates to $4.90 per month in
2003 property taxes decreasing to $2.74 per month in 2027.
8. RECO~ENDATION:
Motion to approve Resolution No. ~ providing for the submission to the
registered voters of the city at the 9/17/2002 primary election a ballot
proposition for Public Safety purposes in the amount of $12.979 million.
9. RESPONSIBLE OFFICIO: Executive
ENFORC~ENT OFFICIAL: Executive
~PI~TION DATE:N/A
REVIEW DATE: N/A
10. NOTICE OF ACTION
PULLED T~LED APPRO~D V/ DISAPPROVED ~ENDED
COUNCIL DIRECTIVE: ~/~ . ~e: AG~ ~L! ~ ~
2. CLEARANCE COMMENTS (cont.):
4. SIYMMARY STATEMENT (cont.):
5. IMPACT ON NON-PASSAGE:
We will need to reassess how to adequately finance the City's public
safety needs.
6. IMPACT ON STAFFING, BUDGETS, FACILITIES, EQUIPMENT OR OTHER RESOURCES
This will not impact the City General fund if the ballot proposition
passes.
7. RESEARCH SOURCES: