Water Bond

WATER…

On November 8 Power County and city residents will have an opportunity to decide the future of our water. The county commissioners cannot make this decision alone. IT REQUIRES YOU!

On November 8th Power County and city residents will have an opportunity to decide the future of our water.The fertilizer plant Magnida is selling its approximately 6,000 acre-feet of industrial water rights. Upon encouragement from the community to acquire the rights, the county approached Magnida who has agreed to let the county attempt to purchase the rights first. The county is open to providing $2 million of the $10 million price from existing funds. Power County owning the water rights would impact future economic growth, offset mitigation for American Falls and local irrigators, and lease revenues could be used to pay off bonds early.

Approval requires two-thirds of voters, or 66.7%. We encourage all citizens to attend one of the Town Hall Meetings that best fits your schedule, get informed on this important issue, and most importantly VOTE November 8.

Sincerely,

Ronald Funk
Chairman
208-339-2129

William Lasley
Commissioner
 
208-313-5779

Delane Anderson
Commissioner
208-317-6825

House IconWhat purchasing this water means to you…

Amount: $8,000,000
Term: 30 years
Rate: 3.17%
Total P&I: $12,690,000
Lease Revenue: Assumes $200,000 in annual lease revenue
Tax Impact: $13.89 per year on median home value of $100k

*Includes Homeowner’s Exemption.
**Prepared by ZIONS BANK PUBLIC FINANCE

water-drop


Vote November 8

The Choice is Yours

Town Hall Meetings

November 2
6:00-7:00 p.m.
Rockland City Hall
135 S. Main St.
Rockland, ID

November 3
6:00-7:00 p.m.
Senior Center
180 Idaho St.
American Falls, ID

 

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For Voting Information and Locations:
WWW.CO.POWER.ID.US