Banks – With 1,128 ballots counted as of 8:30 p.m., ballot measure 34-279, a bond to raise $4 million to build a replacement fire station in Buxton, replace aging fire apparatus (one water tender owned by the district has over one million miles logged), and make upgrades and improvements to the Timber Fire Station and Banks Fire Station is on an easy path to being approved by voters in Banks Fire District #13.
If passed, the bond will kick in during the fiscal year 2018 in June, right as an old bond passed in 1999 expires, effectively replacing it. The 1999 bond was used to purchase the land and build the station in Banks.
The 1999 bond originally cost taxpayers $0.46 per $1,000 of assessed value in property taxes; this was later reduced to $0.34 per $1,000 of assessed value after the fire district refinanced and shortened the term and lowered the interest rate on the 1999 bond.
The new bond will cost taxpayers $0.47 per $1,000 of assessed value in property taxes, according to an estimate provided by the fire district.
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