City Council Approves CDA Fire Department Bond Initiative

We are pleased to announce on March 4, 2025, the Coeur d’Alene City Council voted to approve our bond initiative for the May 20, 2025 ballot.

This $16 million dollar bond will repair out-of-date facilities and update critical vehicles and equipment, which are directly impacting our ability to provide high-quality emergency medical and fire services.

Over the coming weeks, we will work to provide this community with details on how these funds will be responsibly spent in order to meet our current needs and prepare for the future.

We have an Open House scheduled on April 9th, at 6:00 p.m. Station No. 2 on Ramsey Road.  We hope to see you there.

To learn more about the bond, please visit us at: http://cdafirebond2025.org/

Financial Disclosure

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.