Rexburg council approves first reading to place $16.75 million police facility bond on November ballot

The Rexburg City Council voted to consider Ordinance 13-34 on first reading and approved placing a bond measure for a new police facility on the Nov. 4, 2025, ballot.

City staff and outside consultants presented options for a new facility, financing scenarios and expected tax impacts, and council members voted by voice to advance the ordinance. Council member Johnson moved to approve the ordinance on first reading; Council member Colin Erickson seconded. The motion passed by voice vote.

City staff said the bond proposal would finance $16,750,000 in borrowed funds and that the total estimated project cost—including land, savings already committed by the city and sale of existing property—was $19,625,000. Bond counsel and staff presented a recommended 15-year term at an illustrative interest rate of 3.92 percent; under that scenario staff calculated interest of about $5,839,638 and a combined principal-and-interest cost of roughly $22,589,638. Staff estimated the tax impact at $61.51 per $100,000 of taxable value per year…