• Butterfly bond renewed

    Debt service on the 1990 Butterfly Habitat Bonds has come up again, and the City Council voted unanimously to renew the special property tax with a levy of .004 percent on assessed value.

    Based on a median assessed valuation of about $260,000, a property in Pacific Grove  would pay $10.40 per year at that rate.

    The funds can only be spent on debt service of the Butterfly Habitat Bonds, which were issued in 1990 to acquire and rehabilitate the Monarch Sanctuary.

    posted to Cedar Street Times on September 24, 2009

    Topics: Current Edition, Front PG News, Marge Ann Jameson


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