Backround Information - Bond

The City of Pendleton has two retiring bonds coming off the books:

  1. Helen McCune (City Hall/Library) Bond - retired in January 2014
  2. Parks Facilities (includes Aquatic Center) - retires in January 2016

If approved by voters, the new bond would cost taxpayers no more than what they were paying prior to these bonds retiring - potentially less. Estimated cost to taxpayers would be approximately $0.62 per $1,000 of assessed property value. This means a home valued at $100,000 would cost the homeowner approximately $62 per year.

In the fall of 2013, the Pendleton City Council appointed a Citizens Review Panel to review city facilities and their conditions, identify maintenance and other needs, and then make a recommendation to the council for proposed bond projects.

Citizens Review Panel Members

The Panel met seven times over the course of six months. During this time, the panel reviewed the deferred maintenance issues on each city-owned facility, as well as toured facilities. The Panel debated over numerous issues, and conferred with city department leaders in an effort to guide their recommendations. In addition, the City commissioned a public opinion phone survey that surveyed more than 380 registered voters in Pendleton, the results of which also guided the Panel's recommendations.

Public Opinion Phone Survey Executive Summary

The survey initially inquired voters about a $9 million bond, but voters will see a $10 million bond on the ballot. The majority of this difference comes from the fact that interest rates are significantly lower now than they were when the last bond passed 20 years ago. In addition, property assessment values throughout the city have also increased over time, and the City has added more taxation in the form of new businesses and residents in the last 20 years. In addition, energy incentives from Oregon Department of Energy, as well as other funding sources, will make up for some of this discrepancy as well. The $10 million includes the total cost of projects and doesn’t account for these savings.