Funding
On August 8, 2022, Tualatin City Council passed a resolution to include a parks bond on the November ballot for new park investments. The bond measure would authorize up to $25,000,000 in principal amount of general obligation bonds to finance capital costs related to trails, natural areas, sports fields, parks, and river access; and is expected to include a new east-west trail corridor and public access point on the Tualatin River, new and improved sports fields, and parks improvements citywide.
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If approved, the tax rate is estimated to increase by 29 cents per $1,000 of taxable assessed value. Actual rates may differ based on interest rates incurred and changes in assessed value.
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Funding will be allocated as follows:
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$4.5 Million for trail connections, including a new trail at Nyberg Creek
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$4 Million for a new river access in downtown Tualatin
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$7 Million for athletic field improvements
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$5 Million for upgrades to existing parks, including Stoneridge and Tualatin Commons
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$3.5 Million for natural areas, including acquiring new parks and protecting our current natural resources
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$1 Million for play equipment improvements
(dollar values are estimates)
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