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Proposition 5 FIRE STATION NO. 1/ POLICE BUILDING REHABILITATION Cost $200,000 Schedule: 2003 If the new police complex is approved and constivcted, there, will have to Ue some modifications made to the existing structure. The oldest portion of lhe buil$ing would be demolished to create parking space for the Gre and police departments. The remainder of the building would be renovated to provide Fire Station No. 1 additional spacc for expansion. Proposition 6 13ALL rlrLll COMPLI?X cozr: $1,870,000 sdieauie: aooa 3k ~ • 'r 4; ~ ► As the Cily continucs to grow, so do our nceds for recreational facilities. Saginaw cw•rently has only one ball field. Approval of lhis proposition ivould allow us to purchase property and construct x new 1'om•-plex ball field with a central concessiorl/restroom area, lighting, irrigation, spectator stands, walkways, and parking. Land availability and cost would determine the location of the new complex. Proposition 7 MUNICIPAL SWIMMING POOL Cost: $1,215,000 Schedule: 2004 There have been numerous requests for a city swimming ponl. If approved, the pool would be constructed on the same site as the proposed recreation center in the 600 block of W. McLeroy. Summarv The proposed bond program will address the public safety, reCreational and library service needs ofour growing community for many years. The projects are scheduled for completion over a five- year time frame. Distributing the projects and expenditures in such a manner helps to ease the tax burden by allowingprojected growth to provide additional revenue sources. The potential tax increases shown in the following charts are based on the current appraised valuations and a conservative growth rate of 8.5% (this year's ap~ raisal increased approximately 21%.) If the City continues to grow at the rate we have been experiencing, the tax increases could be considerably less than those shown. ~