CITY OF SALEM PUBLIC SAFETY
GENERAL OBLIGATION BOND AUTHORIZATION
Shall City issue up to $61,800,000 in general obligation bonds for a new public safety facility and other capital costs? If the bonds are approved, they will be payable from taxes on property or property ownership that are not subject to the limits of sections 11 and 11b, Article XI of the Oregon Constitution.
If approved, this measure would finance a new public safety facility and other capital costs, including:
- Acquisition of a site located generally at the 700 Block of Commercial Street, NE for a public safety facility.
- Site preparation and construction, adjacent street improvements, and furnishing and equipping of a public safety facility.
- Any funds remaining would be used to fund improvements to the Salem Civic Center, including renovations to the spaces vacated by the police upon its move to the new public safety facility, and other improvements.
Bonds may be issued in one or more series and each series would mature in 31 years or less from its issuance date. It is estimated that the FY 2018/19 proposed tax would result in a rate of $0.26 per $1,000 of assessed property value. For a home assessed at $200,000, the estimated property tax for the bonds would be $52.00 per year or $4.33 per month.
The City of Salem is proposing a new Public Safety Facility for the Salem Police Department through the issuance of general obligation bonds to be approved by city of Salem voters (“Project”). The estimated cost of the project is $61.8 million.
If the bond measure is approved by the voters, the Project would be constructed on a vacant site, to be acquired by the City, located generally at the 700 Block of Commercial Street, SE near downtown Salem.
The Project would provide a central location for public safety administration, officers and staff. The facility would contain a community meeting space and be designed to meet space and programming needs for approximately 30 years.
The Project would consolidate police programming in a central location, will be constructed to current building code and seismic standards. The facility is estimated to cost $61,800,000, and would be funded by general obligation bonds approved by Salem voters.
Any funds remaining after payment for development of the Project and related bond costs would be used to fund improvements to the Salem Civic Center campus, including renovations to the spaces vacated by the Police Department upon its move to the new facility.
It is estimated that the fiscal year 2018-2019 City tax rate for the bonds would be $0.26 (26 cents) per $1,000 of assessed value if the bond measure is approved by voters. For a home assessed at $200,000, the estimated property tax for the bonds for fiscal year 2018-2019 would be $52.00 per year, or $4.33 per month.