City of Coeur D'Alene Bond
GENERAL OBLIGATION BOND ELECTIONCITY OF COEUR D ALENE, STATE OF IDAHOMAY 20, 2025Shall the City of Coeur d Alene, Idaho (the ) be authorized to issue and sell general obligation bonds in the principal amount of up to $16,400,000 for the purpose of financing the costs of (i) purchasing and acquiring fire protection apparatuses and equipment and (ii) demolishing, rebuilding, renovating, expanding and improving existing fire stations throughout the City, together with all necessary appurtenant facilities and equipment; the final installment of such bonds to fall due not later than ten (10) years from the date of issuance, all as provided in the Bond Election Ordinance No. 3750 adopted by the Council of the City on March 4, 2025?The interest rate anticipated on the proposed bond issue, based upon current market rates, is three and twelve hundredths percent (3.12%) per annum. The total amount estimated to be repaid over the life of the bonds, based on the anticipated interest rate is $19,444,750 consisting of $16,400,000 in principal and $3,044,750 of interest. The term of the bonds will not exceed ten (10) years from the date of issuance.The estimated average annual cost to the taxpayer on the proposed bond levy is a tax of $16.07 per $100,000 of taxable assessed value, per year, based on current conditions.As of May 20,2025, the total existing bonded indebtedness of the City, including interest accrued, is $865,019.
