The Metro West Fire Protection District will be asking voters in April to approve a $25 million bond issue to fund facility improvements as well as the purchase of new apparatus and equipment, reports myleaderpaper.com. Proposition Service needs a 4/7th majority to pass.
If approved, no tax increase would be required. However, the district’s bond debt would be extended for 10 years, the report says.
If the issue is not approved, the district’s tax rate would fall from 98.26 cents per $100 of assessed evaluation to 92.16 cents, according to the report.
If the proposition fails, the district likely will approach the voters again.
Officials say similar bond issues were approved in 2003 and 2013, and some of those are close to being repaid. The money generated by the bond issue will be spent on fire station renovations, and firetruck, ambulance, and equipment and SCBA replacements.
Officials add that it will cost about $850,000 to replace an engine and somewhere between $1.3 million to $1.6 million to replace a ladder truck.
Metro West Fire has five stations.