Committee Update / Next Steps
The committee has met and discussed the top 3 results from the survey. Those are Railroad Overpass/ Alternative Route, Public Water Supply, and Street/ Sidewalk Improvement. We will be reaching out to ODOT to try and get a meeting, the city with get with an engineer for both the Water Upgrades and Street Repair to get a dollar amount for these projects. The committee also discussed doing a split to fund the project where it would come from both the Sales Tax and Property Tax.
This is a long process and once we get a Scope of each project and the costs behind, we will push out a presentation for all 3 with a survey to which the town would like to vote on.
Be on the lookout for these towards the beginning of October.
Go Bond Committee
A General Obligation (GO) Bond is a financing tool that allows a city to fund major public improvement projects without requiring the full cost to be paid upfront. Instead, the city borrows the funds needed to complete the projects and repays the debt over time through property tax revenue, subject to voter approval.
GO Bonds are commonly used to finance long-term community investments such as streets and sidewalks, public safety facilities, parks, libraries, cultural facilities, and other public infrastructure. Because these projects provide benefits for many years, repaying the cost over time allows both current and future residents who use the improvements to share in the investment.
If approved by voters, bond funds may only be used for the specific projects outlined in the bond proposal. The City is legally required to use the proceeds for those authorized purposes and to repay the bonds according to the approved financing plan.
A GO Bond is an investment in the community's future, helping fund critical improvements while spreading the cost over the useful life of the projects.
Meet the Committee Members
Chairperson - Douglas Loomer
City Mayor - Clay Abercrombie
City Council Representative - Jeff Widener
Town Administrator - Gerald Haury
Finance Director - Britny Porter
Public Works Director - Jeremy Brown
Planning Commissioner - Ted Jenkins
School Superintendent - Kelley Spradlin
Citizen Nominee - Jeff Larson
Citizen Nominee - Tiffany Villines
Citizen Nominee - Charley Williams
Citizen Nominee - Debi Ogle
Attorney - David Weatherford