Resolution No. 10-43 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 10-&/'-3
A RESOLUTION OF TIIE CITY OF TIGARD, WASHINGTON COUNTY, OREGON, APPROVING
THE EIK7PLANATORY STATEMENT FOR CITY OF TIGARD BOND MEASURE#34-151
WHERE AS, die City Council approved a Ballot Title to refer a bond measure to voters on November 2, 2010,
to authorize up to $17 million in General Obligation Bonds to acquire open spaces, protect clean water, and
improve parklands,and
WHEREAS, the period for members of the public to appeal the Ballot Title expired on August 5,2010,with no
objections raised,and
WHEREAS, the City is required to submit an Explanatory Statement to complete the Ballot Measure filing with
the Washington County Elections Division.
NOW,THEREFORE,BE IT RESOLVED by die Tigard City Council that:
SECTION 1: The Explanatory Statement (Exlvbit A) for the City of Tigard Bond Measure #34-181 is
hereby approved.
SECTION 2: The City Elections Officer is herby directed to take the steps needed to file the Explanatory
Statement (Exhibit A) with die Waslhington County Elections Division in a tirmely and
complete manner for City of Tigard Bond Measure 434-181.
SECTION 3: This resolution is effective inunediately upon passage.
PASSED: This ? day of-'-A'ff7 2010.
Mayor-City of Tigard
ATTEST:
� VWA l�c�
City Recorder-City of Tigard
RESOLUTION NO. 10 - t/,3
Page 1
Exhibit A
EXPLANATORY STATEMENT
With passage of the Bond Measure, the City of Tigard would acquire and preserve open space,natural
areas,and wildlife habitat;improve parks and open spaces,preserve clean water by acquiring lands near
rivers, creeks and streams throughout Tigard.
The$17 million general obligation bond measure would allow for the implementation of a portion
of the Tigard Park System Master Phui,balancing the following objectives:
• Eighty percent or more of the funds to be used for land acquisition for:
- the creation of parks and natural areas for both active and passive recreation for all ages,with
the goal of parks within a half-mile of every Tigard resident.
- the acquisition of natural areas intended primarily for protection of critical habitat,
including rare and state and federally listed species,so that natural areas are an integral
part of every Tigard neighborhood.
- die preservation of clean water throughout Tigard through the acquisition of sensitive
lands near rivers, creeks, streams and wetlands.
- up to $1.7 million of the total fields could be used to acquire parkland in the
downtown area.
• Up to 20 percent of the funds to be used for:
- the itmprovernent and development of new and existing neighborhood and cornrnunity
parks throughout Tigard, and construction of trails.
Bonds would mature in 21 years or less from issuance and may be issued in one or more series. The
estimated additional annual cost to property would be $0.29 per $1,000 of assessed valuation. For a
home tivith the median assessed value of$207,000, the City estimates that the additional cost would be
$60 per year.
Additionally;all spending from this measure would be subject to oversight by the Tigard Park and
Recreation Board and audits within the City's yearly audit to ensure that all funds are spent efficiently
and appropriately in a balanced manner.And by lav,no money from the measure can be used for
administrators' salaries.