2018 General Obligation (GO) Bond Projects

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. As these projects move forward it is critically important that West Linn residents have easy access to project information, updates, and financial accountability.

Below you will find a map and list of all the planned GO Bond Projects with adjacent links to real-time financial information, project details and documents. You can also click the "Project Financial Dashboard" button to the right to access graphs and summary information on total bond spending and spending in each of the three project categories (Transportation, Parks, and City Facilities). The "View Projects" button to the right will take you back to our standard list of City projects.

Portions of existing general obligation bonds will 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.

Bonds were sold in competitive sale on August 21, 2018. 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%.  Below is a summary of the final results of the bond sale:

For more information, the official statement is located at: https://westlinnoregon.gov/finance/general-obligation-bonds-series-2018