Archive for Thursday, March 4, 2004

Library preparing for bond issue

March 4, 2004

Basehor Community Library officials unveiled an artist's rendering of what a new facility could look like in the future. The design features a cozy building with a lush landscape and plenty of parking.

What could be.

Voters living within the Basehor Community Library District shouldn't focus on the total cost of $3.79 million bond issue, just their fair share of the proposal, library officials said this week.

On April 6, voters living within the library district, which covers residences within approximately 50 square miles, will vote on the bond issue. The $3.79 million in funds would pay for a new 21,000-square-foot facility on 158th Street.

"We're not asking for that (total price) from everyone," said Carla Kaiser, community library director. "The question is, if you could help provide that kind of facility for the entire community, would you?"

Voters with homes valued between $100,000 to $200,000, could expect a monthly tax increase between $7 and $15, if the bond issue is approved.

A property owner whose home has a fair market value of $150,000 would pay an additional $134.38 in taxes each year or $11.20 per month.

The formula for figuring tax increases for an approved bond issue is simple: multiply the home's market value (example: $150,000) by 11.5 percent, the residential assessment rate. Take that total, $17,250, the assessed valuation, multiply by 7.79, the mill rate required in the bond issue, and move the decimal point three spaces to the left.

A public forum to discuss the library bond issue has been scheduled for 2 p.m. Sunday, March 21 at the United Methodist Church on 158th Street, south of U.S. Highway 24/40.

According to estimates, an approved bond issue would increase the library district's mill levy by 7.79 mills; the current mill levy is 3.23 mills. The bond issue would be repaid over a 10-year period.

Library officials reiterated this week that the mill levy rate necessary to fund the new library is an estimate only and assumes no increase in assessed valuations, which could lower the figure.

This week, Leavenworth County officials said residential and commercial properties have increased approximately 9 percent from 2003.

Commenting has been disabled for this item.