Proposition 1: Shoreline Parks Bond
Tags: taxes, city parks, city, development
On January 25, Shoreline City Council voted to place a bond measure on the April 27, 2021, special election ballot. If approved by Shoreline voters, this proposition authorizes improvements to City parks, including the acquisition of new park land.
The City will be providing Factual Community Presentation on the proposition via Zoom at the following times:
- Tuesday, Feb. 2 at 7:00 p.m.
- Wednesday, Feb. 3 at 12:00 p.m.
- Tuesday, Feb. 9 at 12:00 p.m.
- Thursday, Feb. 11 at 7:00 p.m.
- Tuesday, Feb. 16 at 7:00 p.m.
- Thursday, Feb. 18 at 12:00 p.m.
- Wednesday, Feb. 24 at 7:00 p.m.
- Tuesday, March 2 at 12:00 p.m.
Here is the Zoom link for the meeting. Further details may be found on the City's Prop 1 webpage.
Significant improvements will be made at Brugger’s Bog, Hillwood, Richmond Highlands, Briarcrest (Hamlin East), and James Keough Parks. These improvements, depending on the location, may include playgrounds, splash-pads, multi-sports courts, walking trails, picnic shelters, off-leash dog areas, and a fully accessible play area for people of all physical abilities.
Park land acquisitions and improvements will expand Paramount Open Space, Brugger’s Bog, and Rotary Park, and will include additional park land acquisitions.
If approved, Proposition 1 will authorize the City to issue up to $38,500,000 in general obligation bonds to finance and refinance these projects and set excess property taxes to repay those bonds. The bonds would mature within 20 years. Although the exact amount of property taxes per household necessary to repay the bonds will depend on interest rates and property values, the City estimates the annual property tax paid by the owner of a median-valued home ($517,000) would be approximately $112 per year or $9 per month. This is roughly a 50% increase over the cost of the expiring $18.5 million 2006 park improvement bond.
Here is the City’s webpage on Proposition 1.