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Independence council places up to $14.5M bond question on November ballot for fire facility expansion
Summary
Council approved a resolution calling an election to issue general-obligation bonds not to exceed $14,500,000 to fund fire protection facility improvements, including expansion and renovation; staff presented estimated tax impacts and the resolution passed 7-0.
The Independence City Council voted unanimously on July 13 to place a bond question on the November ballot allowing the city to enter into a general-obligation loan agreement and issue bonds in an amount not to exceed $14,500,000 to pay costs related to fire protection facility improvements and expansion.
Staff noted the $14.5 million figure establishes a ceiling for borrowing and that the city would borrow only what is needed; design and later cost estimates could reduce the final amount. "You don't have to borrow 14 and a half million," a staff member said. "If we do the design and things come in less than that, we can do less than that." The staff presentation included sample tax impacts: at the $14.5 million ceiling, the memo showed a per-$100,000 taxable valuation increase of about $159.97 per year; staff also discussed how taxable valuations and residential rollback affect individual homeowner impacts.
Council discussion included questions about the percentage effect on property taxes; staff referred to materials presented at the July 7 work session outlining scenarios from lower amounts up to $14 million. After discussion the resolution calling the election passed by unanimous vote (7–0).
What’s next: The question will appear on the November ballot; if voters approve, the city will proceed with design and financing steps subject to available bids and final budget decisions.
