<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div dir="ltr"><span></span></div><div dir="ltr"><meta http-equiv="content-type" content="text/html; charset=utf-8"><div dir="ltr"><span></span></div><div dir="ltr"><meta http-equiv="content-type" content="text/html; charset=utf-8"><div dir="ltr"><span style="background-color: rgba(255, 255, 255, 0);">Courtesy of the <i>City of Moscow Bond Election Information Brochure (Bond Election - May 21, 2019)</i> at:</span></div><div dir="ltr"><br></div><div dir="ltr"><a href="https://www.ci.moscow.id.us/DocumentCenter/View/17542/May-21-2019-Bond-Information-Booklet">https://www.ci.moscow.id.us/DocumentCenter/View/17542/May-21-2019-Bond-Information-Booklet</a><br><div><span style="background-color: rgba(255, 255, 255, 0);"><br></span></div><div><span style="background-color: rgba(255, 255, 255, 0);">———————————————</span></div><div><span style="background-color: rgba(255, 255, 255, 0);"><br></span></div><div><b>Cost Estimates</b></div><div><span style="background-color: rgba(255, 255, 255, 0);"><br></span></div><div><span style="background-color: rgba(255, 255, 255, 0);">Cost estimates for each phase of the project are outlined below and include the necessary bond financing cost. The total figure noted here is rounded to $9.64 million for simplicity throughout the information prepared by the City of Moscow.</span></div><div><span style="background-color: rgba(255, 255, 255, 0);"><br></span></div><div><span style="background-color: rgba(255, 255, 255, 0);"> </span><img src="cid:057F51D1-DA99-4201-BACC-ADB575034922" alt="image1.jpeg" id="057F51D1-DA99-4201-BACC-ADB575034922"></div><div><span style="background-color: rgba(255, 255, 255, 0);"><br></span></div><div><span style="background-color: rgba(255, 255, 255, 0);"><b>Tax Imoacts</b></span></div><div><span style="background-color: rgba(255, 255, 255, 0);"><br></span></div><div><div><span style="background-color: rgba(255, 255, 255, 0);">The cost for this project (including associated bond fees) totals $9,640,000. As a result of the City’s excellent financial standing and AA- bond rating, the projected interest rate the City would receive for a 10-year bond is 2.21%.</span></div><div><span style="background-color: rgba(255, 255, 255, 0);"><br></span></div><div><span style="background-color: rgba(255, 255, 255, 0);">The proposed 10-year bond would have an annual cost to the taxpayer of $85 per year per $100,000 of taxable valuation.</span></div><div><span style="background-color: rgba(255, 255, 255, 0);"><br></span></div><div><span style="background-color: rgba(255, 255, 255, 0);">For example, a home with an assessed valuation of $250,000, with a $150,000 taxable value after deducting the $100,000 Idaho State homeowner’s exemption, would see an annual property tax increase of $126.86 per year over the ten-year bond period. The chart below outlines the tax impact for a variety of home values. It is important to note that Latah County Assessor sets the taxable value; it is not affected by the sale or purchase price of a home.</span></div><div><span style="background-color: rgba(255, 255, 255, 0);"><br></span></div><div><span style="background-color: rgba(255, 255, 255, 0);">The City has held voter-approved bonds in the past, most recently for the construction of the Hamilton-Lowe Aquatic Center and Fire Station #3.</span></div><div><span style="background-color: rgba(255, 255, 255, 0);"> </span></div><div><span style="background-color: rgba(255, 255, 255, 0);">These bonds have all been paid in full on or before maturity, and at this time the City has no outstanding general obligation bonds.</span></div><div><span style="background-color: rgba(255, 255, 255, 0);"><br></span></div><div><span style="background-color: rgba(255, 255, 255, 0);">The City Council chose a 10-year term as it provides an interest savings of more than $2,200,000 to the taxpayers when compared to a 20-year term. The options of 15- and 20-year bond terms were also considered, but given the higher interest rate and longer term, there would be an additional $1 to $2.6 million in interest paid. As such, the City has chosen a 10-year term to ensure the proposed project wraps up as quickly as possible, making the most of bond dollars specific to this project without generating unnecessary additional interest costs.</span></div></div><div><span style="background-color: rgba(255, 255, 255, 0);"><br></span></div><div><span style="background-color: rgba(255, 255, 255, 0);">———————————————</span></div><div><br></div></div><div dir="ltr"><div dir="ltr"><div><span style="background-color: rgba(255, 255, 255, 0);">Seeya 'round town, Moscow, because . . .</span></div><div><span style="background-color: rgba(255, 255, 255, 0);"><br></span></div><div><span style="background-color: rgba(255, 255, 255, 0);">"Moscow Cares" (the most fun you can have with your pants on)</span></div><div><a href="http://www.moscowcares.com/" style="background-color: rgba(255, 255, 255, 0);"><font color="#000000">http://www.MoscowCares.com</font></a></div><div><span style="background-color: rgba(255, 255, 255, 0);"> </span></div><div><div><span style="background-color: rgba(255, 255, 255, 0);">Tom Hansen</span></div><div><span style="background-color: rgba(255, 255, 255, 0);">Moscow, Idaho</span></div></div><div><br></div></div>On Jul 10, 2019, at 7:57 AM, "<a href="mailto:rhayes@frontier.com">rhayes@frontier.com</a>" <<a href="mailto:rhayes@frontier.com">rhayes@frontier.com</a>> wrote:<br><br></div><blockquote type="cite"><div dir="ltr"><div class="yahoo-style-wrap" style="font-family:Helvetica Neue, Helvetica, Arial, sans-serif;font-size:16px;"><div dir="ltr" data-setdir="false">Daily News yesterday reported that property taxes will go up 25% next year mainly due to the police station bond. I do not think that is what the city said was going to happen when they were hyping the bond vote. Am I correct in this? </div></div></div></blockquote><blockquote type="cite"><div dir="ltr"><span>=======================================================</span><br><span> List services made available by First Step Internet,</span><br><span> serving the communities of the Palouse since 1994.</span><br><span> <a href="http://www.fsr.net">http://www.fsr.net</a></span><br><span> <a href="mailto:Vision2020@moscow.com">mailto:Vision2020@moscow.com</a></span><br><span>=======================================================</span></div></blockquote></div></div></body></html>