The City of Pendleton has two retiring bonds coming off the books:
- Helen McCune (City Hall/Library) Bond - retired in January 2014
- 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.