CDA Fire Department Open House Meeting on April 9 at 6:00 p.m.

Posted: 3/31/2025 8:38:07 AM


Please join us on April 9th for our public discussion about the proposed bond for fire and emergency services. We look forward to hearing from you, answering community questions and engaging in discourse about this important decision, which will be on the ballot on May 20, 2025.

This $16 million dollar bond will repair out-of-date facilities and update critical vehicles and equipment, which are directly impacting our ability to provide high-quality emergency medical and fire services.

We have an Open House scheduled on April 9th, 6:00 p.m., at 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.