If approved, this proposition would authorize King County Fire Protection District No. 45, Duvall Fire, to issue no more than $7,500,000 of general obligation bonds to construct and equip a new fire station, renovate and repair one or more of the District’s other stations, and make other capital improvements. The District anticipates using a combination of reserve funds and bond proceeds to pay for the proposed improvements.
Construction of the new fire station at 318th Avenue NE and NE Cherry Valley Road will improve response times in the eastern portion of the District. The District’s Board of Fire Commissioners has also found that it is essential and necessary for the protection of public health, life and property that the District make capital improvements at one or more of the District’s existing stations, including the upgrade and repair of the District’s headquarters located in downtown Duvall.
Without voter approval, there would not be sufficient funds to pay for construction of a new fire station and other capital improvements of existing fire stations.
The bonds would mature within 20 years, and be paid by annual property tax levies made in excess of regular property tax levies throughout the District, at an estimated average of 17 cents per $1,000 of assessed value, or an estimated $86.72 per year for a $500,000 house.
Exemptions from taxes may be available to certain homeowners. For more information, please call the King County Department of Assessments 206-296-3920.