Lake Dillon Fire Protection District retires 1995 Snake River bond issue
With a final payment of $161,820, the Lake Dillon Fire Protection District retired the 1995 bond issue authorized by the former Snake River Fire Protection District, which merged with the Lake Dillon district in 2006.
Property tax notices released by the Summit County treasurer’s office in January show tax rates for property owners in the Snake River basin area, including Keystone, Montezuma, Summit Cove and Summerwood, were reduced by 0.34 mills, or 34 cents for every $1,000 of assessed value. Snake River basin was eliminated as a taxing entity at the end of 2014.
“Thanks to the support of our citizens in passing the bond measure and fulfilling the obligation through their property taxes, we have a fire station in Keystone today that continues to meet the emergency-services needs not only in the Snake River basin but throughout the Lake Dillon Fire Protection District,” Lake Dillon Fire chief Dave Parmley said in a Thursday statement.
Snake River basin homeowners voted on the bond in 1995 to finance construction of a new fire station in Keystone. The original principal amount of the Snake River general-obligation bonds was $1.265 million, and taxes were about $2.50 for every $100,000 of property value for residents of Keystone, Montezuma, Summit Cove and Summerwood.
The Keystone station, now known as LDFR Station 11, is home to Lake Dillon’s Support Services Division, a Summit County ambulance and Snake River Fleet Services, which is used for fire truck and equipment maintenance.
“All of the great planning and work put forth by past board members and our volunteer firefighters during this time period has proven to be an unqualified success in building, equipping and staffing the fire station we have in Keystone,” Parmley said. “Even though the building soon will be 20 years old, it is in an excellent location to continue to be a key facility for us for another 20 years-plus.”
The Lake Dillon district’s current budget is about $8.6 million, with the current district-wide property tax of $9 for every $1,000 of assessed value. The district expects to be free of debt by mid-year after making a final payment of $54,522 on a lease-purchase agreement to remodel and add to the Dillon fire station.
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