Tualatin Valley Fire & Rescue pitches $122M bond to voters
Voters will see a new bond measure on their ballots this November that will determine if Tualatin Valley Fire & Rescue can issue $122 million in proposed general obligation bonds for the district's emergency services.
The bond measure would fund a wish list of safety enhancements for the fire district.
If passed, the bond measure would help the fire district replace 10 fire engines, four fire trucks and four medic units, said TVF&R spokesperson Cassandra Ulven.
The bond would also fund several fire station projects, including seismic upgrades, security features, expansions and living quarter modifications at 10 of 29 stations.
Officials also hope the bond will help rebuild the King City Fire Station, which they say is in desperate need of an upgrade.
"The King City Fire Station was built in 1972 and is not seismically resilient, does not have sufficient living quarters, and requires other improvements," Ulven said. "It will be more cost-efficient to rebuild the station on the current site than it would be to try and remodel."
Additionally, the bond will go toward the relocation of the Aloha Fire Station to a more central location, as well as safety upgrades for TVF&R's training center.
"TVF&R is constantly analyzing our data to inform response performance and needs," Ulven said. "Specific to the bond, we have had an internal committee that has been working for the past two years to further evaluate fire stations, apparatus, regional data, service demands, and potential development to inform proposed projects and purchases that would be completed if voters approve the bond measure.
The proposed bond measure is "cost-neutral," said TVF&R spokesperson Cassandra Ulven, meaning taxes won't be raised if the bond passes. If the bond fails, taxes would decrease over time as previous bonded debt is paid off.
The proposed measure would maintain the current rate of $0.1415 per $1,000 of assessed value, Ulven said.
Residents who have properties assessed at $300,000 — the average in TVF&R's service area — will continue to pay about $42.45 per year, or $3.54 per month, if the measure is approved.
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