What's on the Ballot: ERFPD Voters

Eagle River Fire Protection District (ERFPD) is seeking approval for its share of funding for a new joint Public Safety Facility, to rebuild the Edwards fire station and to construct a much-needed training facility. Ballots will be mailed to registered voters on April 11, 2016 with the following request:

EAGLE RIVER FIRE

PROTECTION DISTRICT VOTERS:

Approval for ERFPD to sell $25 million in general obligation bonds in order to better serve the citizens of the District. The bond issue will be used to implement the District’s critical facility plan, which includes building a new fire station in Avon to improve response times throughout the town’s boundaries as well as facilitating the relocation of the District’s ladder truck to the urban core.

The funding would also be used to rebuild the aging Edwards fire station, which was built as a temporary structure in 1985. Both buildings have for some time been inadequate to meet the needs of modern firefighting operations and apparatus. Lastly, funding would be used to construct a much-needed training facility.

 

Ballot Question:  

Shall Eagle River Fire Protection District debt be increased $25,000,000 with a repayment cost of up to $40,000,000, and shall District taxes be increased $1,300,000 annually to pay such debt and shall such debt pay for capital improvements, including:

• Constructing a new Avon Fire Station at a new location, replacing the existing Avon Fire Station in order to improve response time along I-70 and elsewhere, provide for an aerial ladder truck, and otherwise meet current and future service demands on the District’s regional system of fire protection and emergency response;
• Constructing a new Edwards Fire Station at the same location as the existing Edwards Fire Station, replacing the existing Edwards Fire Station in order to meet current and future service demands on the District’s regional system of fire protection and emergency response; and
• Constructing a training facility at which to train firefighters in skills related to fire protection and emergency response;

and shall such debt be General Obligation Bonds payable from a mill levy which may be increased in any year without limitation as to rate but only in an amount sufficient to pay the principal of and premium, if any, and interest on such debt or any debt issued to refinance such debt and shall such debt be sold in one series or more, for a price above or below the principal amount of such series, on terms and conditions and with such maturities as permitted by law?

Bond Project Totals*                                                         Start Date

Avon (land & construction):             $12,000,000                   2016

Edwards (land & construction):        $10,500,000                   2017

Training Facility:                               $ 2,500,000                   TBD

Total:                                                 $25,000,000  

* Based on engineered design plans and contractor pricing

Project Funding: Property Tax through General Obligation Bonds. 

Bond Debt Period: 30 years

Estimated Taxpayer Impact:

Residential Assessed Property Value of $500,000:        

$47.31 annually or $3.94 per month

Residential Assessed Property Value of $1,150,000:      

$108.81 annually or $9.07 per month

Commercial Assessed Property Value of $750,000:        

$258.54 annually or $21.54 per month

Commercial Assessed Property Value of $1,500,000:     

$517.08 annually or $43.09 per month

Please Support Your Fire District

by Voting YES on May 3rd!