CITY OF TROUTDALE POLICE STATION CONSTRUCTION GENERAL OBLIGATION BONDS AUTHORIZATION
QUESTION: Shall the City issue General Obligation Bonds not to exceed $4,500,000 to finance the construction of a new police 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 11b, Article XI, of the Oregon Constitution.
SUMMARY: This measure authorizes the City to issue general obligation bonds, in an amount not to exceed $4,500,000, to provide funds to construct, equip, and furnish a new police station, and pay costs associated with issuing the bonds. Bonds would mature over a period not to exceed 20 years.
Monies generated from the sale of bonds would be dedicated to the construction of a new police station for the City of Troutdale on property currently owned by the City at 2 nd between Buxton and Kendall.
Construction of a new police station would meet the growth, space, security and emergency management needs of the police department, and is anticipated to have a useful life of 50 plus years.
Initially, the twenty-year bond would cost an estimated $.37 per $1,000 in assessed value, not market value, and is estimated to cost less than $.37 per $1,000 over the life of the bond. As an example, a home assessed by Multnomah County at $200,000 would pay $74 per year. Payment on the bond would begin in year 2009.
EXPLANATORY STATEMENT
Purpose
Measure 26-99 would authorize the City of Troutdale to issue and sell General Obligation Bonds up to a maximum of $4.5 million dollars to construct and equip a new police station. The term of the Bonds would not exceed twenty (20) years.
Estimated Tax Rate
If the city issues the maximum amount of the Bonds authorized by this Measure, the tax rate to the individual property owner would increase by $.37 per $1,000 of assessed value, or about $74 per year (or about $6.17 per month) on a home assessed by Multnomah County at $200,000. The payment on the bond would begin in year 2009.
Building Location
The new police station would meet the current and future space requirements of the police department. The police station would be built on property owned by the city at 2 nd Street between Buxton and Kendall, property originally purchased for new city facilities.
Background
The police department has been at its current location since 1991, one year after the city purchased the property from Oregon Bank and converted it to serve as the police station. Over the past ten years the current police station has been modified to accommodate growth of the department. A space needs assessment conducted in May of 2008 by the project architect, Group Mackenzie, identified that the building has reached capacity and there is no room for further growth or ability to expand the current facility.
The existing police station does not meet the current requirements for the existing police officers. As noted in the Group Mackenzie space needs assessment, the existing police station will not meet the anticipated growth of the department over the next 20 years. The current police station has several deficiencies including a lack of capacity to add lockers for new police officers; insufficient space for shift briefings, meetings, required training, and for the Emergency Operation Center; little storage space for property and evidence, which requires the police department to spend approximately $9,000 a year for off site storage; and no secured parking for the patrol vehicles.
Summary
Proceeds from the bond sale would be dedicated to constructing and equipping a new police station. Construction would begin in the fall of 2009 and would be anticipated to be completed by the fall of 2010. The architect, Group Mackenzie, estimates that the new police station would have a useful life of at least 50 years.
Measure 26-99 would address the police department's current requirements, future growth, and provide for an Emergency Operation Center .
Submitted by:
David Ross
City Attorney
City of Troutdale
No argument FOR or AGAINST this measure were filed.