Ballot measure 3-432 to be submitted to the City's voters on November 5, 2013.
CAPTION (10 words)
Bond measure for West Linn Aquatic and Community Center.
QUESTION (20 words)
Shall the City sell bonds to refinance land and construct, equip and furnish a new indoor aquatic and community center? 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 (175 words)
The City of West Linn is asking the City’s voters to consider a measure that would allow the City to sell general obligation bonds in one or more series in an aggregate amount not exceeding $24 million to construct, equip and furnish a new indoor aquatic and community center. The bonds would mature in 20 years or less. The new aquatic community center would be constructed on City-owned property on Parker Road next to Tanner Creek Park. Approximately $1.5 million of the proceeds from the bond sale would be used to refinance the City’s previous acquisition of this property. The aquatic and community center would include an indoor pool with aquatic park‐like features, a gym, running track, classrooms and fitness areas. The facility would be designed to accommodate the future addition of a multi-lane lap pool. If bonds are approved, property taxes are estimated to increase by approximately 53 cents per $1000 of assessed value or $152 per year on a home assessed at $285,000.