Proposition 1: EvergreenHealth Bonds To Finance Improvements

EvergreenHealth Public Hospital District No. 2

Proposition No. 1 (click to read the Pros and Cons)

King County Public Hospital District No. 2 (EvergreenHealth) provides health care services to the residents of northeast King County. The Board of EvergreenHealth has determined that the oldest buildings on the hospital’s main campus, which were built in the 1970s, require seismic and other improvements to safely serve the health needs of the community if a major natural disaster were to occur. The Board has also determined that additional improvements to EvergreenHealth’s facilities are necessary to serve the health care needs of the residents including relocating and upgrading the hospital’s critical care unit to treat the most critically ill patients; constructing an outpatient medical services building to accommodate community growth and programs such as outpatient mental health; and upgrading and modernizing the hospital’s maternity center.

If approved, this proposition would authorize up to $345,000,000 of general obligation bonds to pay for the improvements described above. The bonds will be repaid from an annual excess property tax levy and will replace bonds authorized by the district voters in 2004. Based on current market conditions, the combination of the proposed excess levy and EvergreenHealth’s regular levy is not expected to exceed Evergreen’s current levy rate. Exemptions from taxes may be available to homeowners 61 or older, veterans, or disabled, and who meet certain income requirements. Further information on the ballot measure is available at www.evergreenhealth.com.