General Obligation Bonds, Series 2018

Bonds were sold in competitive sale on August 21, 2018 and the Official Statement is now available. This bond sale was a competitive bond offering receiving 10 bids. The lowest bid, which was awarded, contained an overall True Interest Cost (TIC) of 3.221%.

Voters Approve Ballot Measure 3-527

On May 15, 2018, the voters of West Linn approved Ballot Measure 3-527 authorizing the issuance of up to $20 million in general obligation bonds to improve roads, parks, and city facilities.

Portions of existing general obligation bonds would be paid prior to payment of new bond debt service. As a result, the bonded tax rate of $0.42 per $1,000 of assessed value is not expected to increase.

2018 General Obligation Bonds

Series: 2018
Purpose: To improve roads, parks, and city facilities
Original Issuance Amount: $20,000,000
Maturity Date: 06/30/2036

Below is the Official Statement that was issued by the City for this bond sale.