Notice of Measure & Receipt of Ballot Title - Bonds for Wastewater Treatment Plant & System Improvements

NOTICE OF MEASURE & RECEIPT OF BALLOT TITLE

PUBLISH PURSUANT TO ORS 250.275

STATE OF OREGON

CITY OF WARRENTON

NOTICE IS HEREBY GIVEN, that a ballot title for a measure referred by the City of Warrenton has been filed with the City Recorder of the City of Warrenton, Oregon, on July 23, 2024. The November 5, 2024, General Election will be conducted by mail pursuant to ORS 254.465. An elector may file a petition for review of this ballot title in Clatsop County Circuit Court no later than the seventh business day after the title is filed with the City Recorder pursuant to ORS 250.296.    

CAPTION:  Bonds for wastewater treatment plant and system improvements

QUESTION:  Shall City of Warrenton issue $12,500,000 principal amount of general obligation bonds for wastewater collection, treatment, and disposal system improvements?
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:  If approved, this measure would finance a portion of the planned capital costs of the City of Warrenton’s wastewater treatment plant and system, and related improvements and equipment, including:

  • Improve, construct, and equip wastewater treatment plant and system facilities to increase capacity for flow and treatment of materials, accommodate population growth, and meet water quality and permit standards
  • Replace aging plant equipment
  • Improve seismic resiliency
  • Fund capitalized interest
  • Pay bond issuance costs

Bonds would mature in 21 years or less from the date of issuance and may be issued in one or more series. If approved, the average annual bond tax rate is estimated to be $0.88 per $1,000.00 of assessed value. Actual rates may vary based upon interest rates incurred and changes in assessed value. The estimated rate of $0.88 cents per $1,000.00 assessed value is estimated to start in 2027 and is an estimated increase of $0.24 cents per $1,000.00 over the current bond which ends in 2026.

Dawne Shaw

City Recorder/Elections Officer

Publication Date: July 27, 2024
Posted on Website: July 24, 2024

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