Costs and Oversight
The District estimates that the proposed $77.46 million bond, if passed, would cost taxpayers an additional $1.55 per $1,000 of assessed property value. A property owner with an average assessed home value of $276,225 would pay an additional $35.68 per month or $428.15 per year.
The term of the bond is 30 years. You can look up your tax assessed value at the Clackamas County Tax assessed.
An independent citizen Bond Oversight Committee would be established to oversee the use of bond funds if the proposed bond measure passes.