COUNCIL TO PLACE BOND ON BALLOT FOR FIRE STATION, EMERGENCY DISPATCH CENTER, POLICE AND FIRE HEADQUARTERS, AND CITY HALL
PROVO, Utah – August 8, 2018 – The Municipal Council voted unanimously Tuesday night to hold a special bond election asking voters to authorize a $69,000,000 bond, repayable over 20 years, "for the purpose of acquiring, constructing, and equipping in the downtown area a new police and fire headquarters, emergency dispatch center, and city hall; acquiring, constructing, and equipping a new fire station to replace the fire station on Canyon Road; and providing for related improvements in Provo City."
An annual property tax to pay debt service on the proposed bonds will be required over a period of 20 years in the estimated amount of $119.80 per year on a $265,000 primary residence and in the estimated amount of $217.82 per year on a business having the same value. $265,000 is the median home value in Provo.
The bond will be on the ballot for the General Election set for Tuesday, November 6, 2018. Ballots will be mailed to registered voters on October 16.