Decide Surprise General Obligation Bond Information 

 

On November 7, 2017 registered voters in Surprise will be asked to decide the following three *General Obligation (GO) Bond questions in the areas of Public Safety, Traffic Congestion Mitigation and Pavement Preservation.

City Council approved the Call to Election Resolution at their Regular City Council Meeting on June 6, 2017, following their May 16 Work Session bond discussion.

THE DEADLINE FOR SUBMITTING ARGUMENTS WITH RESPECT TO THIS RESOLUTION IS AUGUST 11, 2017, AT 5:00 P.M.

Question #1 Public Safety // $34 Million

 

Voters in Surprise are asked to consider a $34 million public safety bond proposal to: build a Public Safety Evidence & Readiness Center; renovate an existing city facility into a Police Training Facility; acquire Land for Future Fire Station/Police Substation & Park; build a new Fire Station at Cactus and Litchfield roads; build a new Fire Station along 163rd Avenue, south of Happy Valley Road, to replace the current temporary station; and build a Public Works Operations Facility to centralize operations. The annual cost for a homeowner would be approximately $26 per $100,000 in Limited Property Value (LPV), or $0.2623 per $100 in Assessed LPV. That’s approximately $2.16 per month, or $0.07 per day.
 
view project renderings & descriptions

Question #1 Project Cost


public safety project property tax example graphic of $26 yearly max per $100,000 in Limited Propert

$26 yearly average (for anticipated 22 years) / per $100,000 in Limited Property Value (LPV), or $0.2623 per $100 in Assessed LPV.
Follow These Steps To Determine The Property Tax For Your Home:
  1. Visit http://mcassessor.maricopa.gov
  2. Enter property address in search box, and click on parcel number for details
  3. Scroll down to Valuation Information
  4. Find the “Assessed LPV”
  5. Divide “Assessed LPV” dollar amount by 100, then multiply that number by the $0.2623 rate

Question #2 Traffic Congestion Mitigation // $15.5 Million 


 
Voters in Surprise are asked to consider a $15.5 million street bond proposal to provide funds to plan, design, construct and improve Waddell, Greenway and Litchfield roads. The annual cost for a homeowner would be approximately $12 per $100,000 in Limited Property Value (LPV), or $0.1188 per $100 in Assessed LPV. That’s approximately $1.00 per month, or $0.03 per day.
  
view project renderings & descriptions

Question #2 Project Cost


traffic mitigation project property tax example graphic of $12 yearly max per $100,000 in Limited Pr

$12 yearly average (for anticipated 22 years) / per $100,000 in Limited Property Value (LPV), or $0.1188 per $100 in Assessed LPV.
Follow These Steps To Determine The Property Tax For Your Home:

  1. Visit http://mcassessor.maricopa.gov
  2. Enter property address in search box, and click on parcel number for details
  3. Scroll down to Valuation Information
  4. Find the “Assessed LPV”
  5. Divide “Assessed LPV” dollar amount by 100, then multiply that number by the $0.1188 rate

Question #3 Pavement Preservation // $10 Million 

 
 
Voters in Surprise are asked to consider a $10 million street pavement preservation bond proposal to plan, design, construct, replace and improve deteriorated street pavement citywide. The annual cost for a homeowner would be approximately $8 per $100,000 in Limited Property Value (LPV), or $0.0763 per $100 in Assessed LPV. That’s approximately $0.66 per month, or $0.02 per day.
  
view project rendering & description

Question #3 Project Cost


pavment preservation project property tax example graphic of $8 yearly max per $100,000 in Limited Property Value(LPV)

$8 yearly average (for anticipated 22 years) / per $100,000 in Limited Property Value (LPV), or $0.0763 per $100 in Assessed LPV.
Follow These Steps To Determine The Property Tax For Your Home:
  1. Visit http://mcassessor.maricopa.gov
  2. Enter property address in search box, and click on parcel number for details
  3. Scroll down to Valuation Information
  4. Find the “Assessed LPV”
  5. Divide “Assessed LPV” dollar amount by 100, then multiply that number by the $0.0763 rate

*What is a General Obligation (GO) Bond?



GO Bonds are a way cities finance civic capital needs and improvements. GO Bonds are sold to investors who are repaid with interest. The repayment comes from a secondary property tax, which Surprise does not currently have.

*I want more information about property taxes and the potential costs per bond question