Bothell City Council members voted to approve an ordinance authorizing a $42 million Parks and Public Spaces Bond Levy that will be up for public vote on the November 2014 ballot.
The proposed bond levy would cost Bothell citizens $9.68 per month in property taxes based upon a $300,000 income home. The levy is limited to 25 years and over the course of time, as home values increase and new construction occurs in the city, the levy amount paid by individual taxpayers will decrease from the 2015 amount.
If approved by voters, the levy will fund the following multiple city projects including the park at Bothell Landing, new north Bothell park (Snohomish County), North Creek Field No. 3 Turf, East Norway Hill Sportfields Improvements and Off-Leash Area, North Creek Forest and other Open Space Acquisition and Development, Multiway Boulevard: Main Street Extension (acquisition); and Main Street Enhancement.