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LWV League of Women Voters of California Education Fund
Smart Voter
Santa Cruz County, CA November 7, 2006 Election
Measure N
Bond
Scotts Valley Fire Protection District

3,874 / 52.27% Yes votes ...... 3,537 / 47.73% No votes

See Also: Index of all Measures
Results as of December 1 10:01am, 100.00%% of Precincts Reporting (44/44)
Information shown below: Official Information | Impartial Analysis |

SCOTTS VALLEY FIRE PROTECTION DISTRICT BOND MEASURE. Shall the Scotts Valley Fire Protection District be authorized to issue general obligation bonds (no bond exceeding 30 years from issuance) in a principal amount not exceeding $5,200,000, bearing interest at legal rates, to assist in constructing a new fire station, pay costs of issuance, and levy an ad valorem tax on taxable property in the District at a rate sufficient to pay for the bonds and the administration thereof?

Official Sources of Information
Impartial Analysis from County Counsel
If approved by at least two-thirds of those voting on the measure, up to $5,200,000 of general obligation bonds may be issued on behalf of the Scotts Valley Fire Protection District ("the District").

The bonds would constitute an indebtedness of the District, with a maximum term of thirty years from issuance and a maximum interest rate of twelve percent per year payable semiannually, unless state law permits a higher rate.

The money raised through sale of the bonds will be used by the District to provide a portion of the funds necessary to pay for constructing a proposed new fire station, as well as expenses incidental thereto and expenses in connection with the authorization, issuance and sale of the bonds. The location of the proposed new fire station is 6000 La Madrona Drive, Scotts Valley, California.

Payment of interest, principal and any premium on the bonds would be financed by a tax levied annually on real property within the District. The Tax Rate Statement for this measure which is printed in this ballot pamphlet provides information about that tax, as required by law. The precise effect of the bonds upon the property tax rate within the District would be determined after sale of the bonds.

A "yes" vote on Measure N is a vote to authorize the District to issue the bonds described above.

A "no" vote on Measure N is a vote not to authorize the District to issue those bonds.

DANA McRAE, COUNTY COUNSEL
By Jane M. Scott, Assistant County Counsel

  
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Created: January 4, 2007 09:39 PST
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