Bond Information
Based on findings from extensive studies and strategic planning sessions, it was recommended to the Board of Directors that a bond election be held to finance future stations, facilities and equipment. After considering these findings, the District Board chose to hold a bond election. On November 6, 2012, an election was held giving Avra Valley Fire District permission to sell $4.135 million in bonds in order to better serve the citizens of the District.
$2.9 million of the bonds were issued in March 2013. These funds were used to construct Station 194 in Red Rock, remodel Station 192 in the Southern area of the District, and to remodel Stations 191 and 193 in the middle and Missile Base areas of the District. Additionally, the funds were utilized to refurbish fire trucks, purchase a new fire truck and buy an ambulance.
A second bond sale of $1.2 million was issued in May 2024. These funds will also be utilized to replace fire trucks and ambulances, and to make necessary capital improvements to existing facilities.
As the District continues to grow, the debt incurred through the issuance of these bonds will be spread over an increasing number of property owners as they enter the District. It is currently estimated that the cost per property will be approximately $3.40 per month or approximately $40.87 per year for the average residential homeowner in the District. This amount could decrease as new properties come onto the tax rolls, resulting in the bond debt being spread over a greater number of property owners. Property owners in the District will benefit from the lower ISO ratings which translate into lower property insurance premiums.