Bond Initiatives

2008 Bond Initiative -
Updated January 2010

November 4, 2008

Voters approved $16 million in bonds for the following three propositions:

  • $2.5 million for remodeling/renovating of Old City Hall/Old Murphy Schoolhouse.
  • $7.5 million for Parks and Recreation.
  • $6 million for Street Improvements.

*Potential property tax increase up to $.08 within 3-5 years.

Financing of First Issuance

  • March 2009 Issuance of $6,400,000
    • Old City Hall/ Schoolhouse  $500,000
    • Parks and Recreation  $2,300,000
    • Streets  $3,600,000
  • 20 year debt – final maturity 2029
  • Interest Rate of 4.32%
  • Standard and Poor rating of “A+”, rating outlook “positive”

Bonds

  
Parks Aviary
Brentwood
Liberty Ridge
Travis Farm
North Hill Phase I
North Hill Phase II
Kinney & Bunny Run
Murphy Central Park
Murphy City Park
Parks Master Plan
Streets Beautification Plan
Old City Hall Current
Interior Diagram
Elevation Information
Trails Master Plan
Acquisition & Planning

 

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