1996 November Newsletter - Laserfiche WebLink

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Fire Hall continued . . . N z AFFORDABILITY Uj A ten-year bond issue to finance the project will result in an a 148TH ST annual average debt service payment of $147 180 $149 809 the W � g PY ( , Z 147TH ST first year). The following table shows the impact of the proposed rL CITY"ALL bond issue on homes of various market values. To determine the UPPER 146TH ST impact of the bond issue on your property,multiply the market value of your property by .000607. The result will be the maxi- 146TH ST mum annual property tax you will pay for the construction of the EGG new Fire Hall, given there is no change to your property's market 145TH ST > LAKE value. The increased tax base of future new construction in the 142ND ST >- 142ND City will reduce the impact this bond issue will have on your � property taxes. Z U_ 141 ST ui 140TH ST z z Taxable Market Value Annual Tax to build new fire hall X ui Q $75,000 $45.00 W ¢ $100,000 $60.00 °z $125,000 $75.00 • • a $150,000 $90.00 SITE LOCATION MAP $175,000 $105.00 $200,000 $120.00 $225,000 $135.00 LOCATION OF PROPOSED NEW FIRE HALL $250,000 $150.00 The location chosen for the new Fire Hall is the south east $275,000 $165.00 intersection of 140th Street and Fenway Avenue, centered on the $300,000 $180.00 City's population and growth area. This spot is just over one-half mile from the existing facility, creating only a minor impact to Under State law,when the bonds issued to finance the new sponse times by existing fire fighters. fire station are paid off the City's authority to levy the addition- The site is an existing farm field zoned for industrial devel- al tax will expire. opment. It allows for flexibility in lot size and site design. If you have questions on this proposal please talk to a Municipal water and sewer services are immediately available to council member,fire fighter, or call City Hall at 429-6676. the building. An extension of Fenway Avenue south to 130th Street is PLEASE VOTE 'PfES" planned for 1997 to serve expected industrial development in the area. The City's transportation plan calls for an extension of 140th Street west to Elmcrest Avenue,tying into Cedar Street in OFFICIAL Lino Lakes. The intersection of T.H. 61 and 140th Street ELECTION BALLOT (C.R. 8) will be reconstructed as part of the T.H. 61 widening CITY OF HUM project proposed to occur in the next five-to-six years. It is like- WASHINGTON COUNTY ly that this intersection will be the next corner in the City to be MINNESOTA signalized. y "Shall the City of Hugo, Minnesota, be .. T YES authorized to issue its fully registered Short term, the Fire Department will have two accesses to general obligation bonds in an amount not to exceed $1,100,000 to defray the expense of T.H.61 (140th Street and 130th Street), and direct access to the acquisition and betterment of a fire �. NO station?" County Road 8A. The developing street pattern will provide travel routes along C.R. 8A and 130th Street to serve the eastern NOTICE: BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FC A portion of the community, along Fenway Avenue to serve the PROPERTY TAX INCREASE. Bald Eagle Lake area, and along both T.H. 61 and Elmcrest The maximum amount of increased levy as a percentage of market value is _D607 Avenue to serve the northern parts of the City. The amount that will be raised by the new This site has the additional benefit of lacin a civic use referendum tax rate in the first year it is p g to be levied is $149.809 between the existing residential property north of 140th Street INSTRUCTION TO VOTERS: and the industrial property to the south. If you wish to vote in favor of the above proposition, OST connect.the arrow,before the word "YES". If you wish to vote against the above proposition, connect the arrow The expected cost of the new 10,000 square feet facility is before the word "NO". 1,100,000, including the building, site acquisition and other 3309745.1 4 necessary improvements. This is in line with current market costs for similar facilities recently constructed in the metro area, and represents the average cost of less than ten new homes in the City.