Notice of Receipt of Ballot Title

Public Notice City of Troutdale NOTICE OF RECEIPT OF BALLOT TITLE Notice is hereby given that a ballot title for a measure referred by the City of Troutdale has been filed with the City Elections Officer on May 28, 2019. NOTICE IS HEREBY GIVEN that on November 5, 2019, an election will be held in the City of Troutdale, Multnomah County, Oregon. The Election will be conducted by mail. The following shall be the ballot title of the measure to be submitted to the City’s voters on this date: CAPTION: CITY OF TROUTDALE OLD CITY HALL RECONSTRUCTION GENERAL OBLIGATION BONDS QUESTION: Shall the City issue up to $7,300,000 of general obligation bonds to reconstruct the Old City Hall building? 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: If approved, this measure would finance capital costs to provide a reconstructed Old City Hall building and related improvements. The Old City Hall building is currently owned by the City, located at 104 SE Kibling Avenue. Measure is expected to finance capital costs to: — Demolish the existing building additions to excavate and repair the failing original foundation and water infiltration. — Repair failing beams and other structural members. — Make other needed repairs and make site improvements to improve ADA building access and designated ADA parking stalls. — Construct a parking deck on the City parking lot across the street. — Make other needed repairs and make site improvements. The Bonds would mature in twenty-one (21) years or less from issuance date and may be issued in one or more series. The bonds are estimated to cost $0.28 per $1,000 of assessed property value. For a home assessed at $200,000 the estimated property tax for the bonds would be $56.00 per year or $4.67 per month. Actual rates may vary based upon interest rates and changes in assessed value. An elector may file a petition for review of this ballot title in the Multnomah County Circuit Court no later than 5:00 p.m., on Thursday, June 6, 2019 under ORS 250.296. Sarah Skroch City Recorder Published 06/04/2019 GO113551

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Publication: Gresham Legals 2

Section: Legals

Start Date: 2019/06/04

End Date: 2019/06/04

Owner: City of Troutdale


County: Multnomah