PROPOSED BOND 2020 PROGRAM OVERVIEW City Council Briefing July 21, 2020 1
BOND 2020 PROGRAM SUMMARY Proposition Number of Projects Total Allocation Streets 25 $72M (63%) Parks 23 $23M (20%) Public Safety 2 $20M (17%) Total 50 $115M 2
KEY DATES FOR BOND 2020 BOND 2020 Schedule Task Description Due Date Bond Presentation at Council meeting, community input and discussio July 21 Bond Community Input and Council approval of Bond projects July 28 Ordinance calling for Elections August 11 Finalize Informational Brochure & Ballot Language August 30 Release Brochure & Finalize Ballot Language September Post Ballot Language to the City’s website October 13 Virtual Speakers Bureau October 15 BOND ELECTION - NOVEMBER 3, 2020 3
GUIDING PRINCIPLES • Increase Capacity for High • Signature Projects Growth Areas • Investment in Major • Enhance Functionality of Corridors Recreational Areas • Project Continuation • Major Signature Park • Increase Connectivity Projects as opposed to Maintenance Projects • Leverage Match Projects • Improve Public Safety Facilities 4
ROUGH PROPORTIONALITY • Bond Benefits all Council Districts Evenly Bond 2020 Program CD1 CD2 CD3 CD4 CD5 Citywide Total Streets $13,000,000 $13,500,000 $12,700,000 $13,000,000 $13,800,000 $6,000,000 $72,000,000 Public Safety $20,000,000 $20,000,000 Parks and Public Facilities $2,950,000 $1,000,000 $1,000,000 $1,550,000 $1,000,000 $15,500,000 $23,000,000 $15,950,000 $14,500,000 $13,700,000 $14,550,000 $14,800,000 $41,500,000 $115,000,000 14% 13% 12% 13% 13% 36% 100% 2021 CDBG Grant - - $1,000,000 - - - $1,000,000 $15,950,000 $14,500,000 $14,700,000 $14,550,000 $14,800,000 $41,500,000 $116,000,000 14% 13% 13% 13% 13% 36% 100% 5
6
STREETS • $72M Allocation – 23 Streets in the 5 Council Districts – 3 Additional Citywide Projects • Focus on Arterials and Collectors – Reconstruction and Rehabilitation – Update lighting, sidewalk & curb repairs, Bike Lanes and ADA ramps • Continuation of previous Bond and SPMP projects 7
STREETS - COUNCIL DISTRICT 1 Street Cost Comanche (Carancahua to Alameda) $2.5M Starlite (Violet to Leopard) $3.5M Hearn (Callicoatte to Dead End) $2.1M Wildcat (FM 624 to Teague) $2.5M Trinity River (FM 624 to Wood River) $2.4M Total: $13M 8
STREETS - COUNCIL DISTRICT 2 Street Cost Brownlee (Staples to Morgan) $2.7M Alameda (Texan Trail to Chamberlain) $6.3M Everhart (Staples to McArdle) $4.5M Total: $13.5M 9
STREETS - COUNCIL DISTRICT 3 Street Cost Airport (Morgan to Horne) $5.7M Carroll (Holly to Dead End) $2.8M Flato (Bates to Bear) $4.2M Total: $12.7M 10
STREETS - COUNCIL DISTRICT 4 Street Cost Ocean (Airline to Doddridge) $1M Everhart (Alameda to Staples) $4.3M Waldron (SPID to Purdue) $3.85M Jackfish (End of Aquarius to Park Rd 22) $900K Park Rd 22 (Compass to Park Rd 22) $300K Park Rd 22 – South Access Rd (Commodore to Jackfish) $1.6M Encantada (Encantada to Nueces County Park) $650K Beach Access Rd No. 3 (SH361 to Beach) $400K Total: $13M 11
STREETS - COUNCIL DISTRICT 5 Street Cost Lipes (Sunwood to Staples) $5.1M Rodd Field (Yorktown to Planned Oso $4.8M Pkwy.) Strasbourg (Grenoble to Marseille) $2M Grenoble (Strasbourg to Cimarron) $1.9M Total: $13.8M 12
CITYWIDE STREETS PROJECTS Project Cost Pedestrian & ADA $2M Improvements Bridge $4M Rehabilitation Total $6M 13
PARKS • $23M Allocated – 18 Parks projects in the 5 Council Districts – 5 Additional Citywide Projects • Focus on Signature & Neighborhood Parks, and Recreational Centers – Reconstruction and Rehabilitation Parking lots, restroom facilities, lockers, • playground and shade structures Add new pool and install playground, skate • park, walking paths, and lighting 14
PARKS - COUNCIL DISTRICT 1 Project* Cost Oak Park $2.2M Recreation Center McNorton Park $250K Brookhill Park $250K Academy Park $250K Total: $2.95M *Oak Park Recreation Center will be demolished and rebuilt. Replacement of playground equipment and installation of shade structures at McNorton Park, Brookhill Park and Academy Park. 15
PARKS - COUNCIL DISTRICT 2 Project* Cost Cupier Park $250K Sherwood Park $250K Sam Houston Park $250K Temple Park $250K Total: $1M *Replacement of playground equipment and installation of shade structures at Cupier Park, Sherwood Park, Sam Houston Park and Temple Park. 16
PARKS - COUNCIL DISTRICT 3 Project* Cost Salinas Park $1M CDBG Grant for Salinas Park $1M Total $2M * Install outdoor workout equipment, construct skate park and install LED lights at park. 17
PARKS - COUNCIL DISTRICT 4 Project* Cost Philip Dimit $500K Municipal Fishing Pier $300K Parker Park $250K Windsor Park $250K Golden Oaks $250K Douden Park Total: $1.55M *Repair parking lot, install rip rap and repair parking bollards at Dimit Pier. Replace tennis courts at Parker Park. Replacement of playground equipment and installation of shade structures at Windsor Park, Golden Oaks Park and Douden Park. 18
PARKS - COUNCIL DISTRICT 5 Project Cost $250K Crossgate Park $250K Brighton Park $250K Brandywine Park $250K Capt. Falcon Park Total: $1M *Replacement of playground equipment and installation of shade structures at Crossgate Park, Brighton Park, Brandywine Park and Capt. Falcon Park. 19
CITYWIDE PARKS PROJECTS Project Cost Texas State Aquarium – Rescue $3M Center North Beach Restrooms & $2.5M Facilities Bill Witt City Park – Pool & $7.5M Facilities $500K West Guth Park –Facilities for Existing Pool $2M West Guth Park Enhancements Total: $15.5M 20
PUBLIC SAFETY • $20M Allocated – 2 Citywide Projects • Focus on updating Public Safety Facilities – Fire: Replace antiquated fire station #3 (Morgan Street) – Police: New Police Training Academy 21
CITYWIDE PUBLIC SAFETY PROJECTS Project Cost Fire Station #3 $7.5M – Morgan St. Police Training $12.5M Academy Total $20M 22
GENERAL OBLIGATION (G.O.) DEBT CAPACITY • $115M can be done without a City property tax rate increase – Coordinated City debt management plan with City financial advisors, Estrada and Hinojosa 23
RECENT G.O. BOND PROGRAMS YEAR G.O. Bond Amount ($M) 2000 $30.8 2004 $95.0 2008 $153.0 2012 $88.0 2014 $99.5* (2.1¢ tax rate increase) 2016 $15.9 2018 $96.0* (2.0¢ tax rate increase will be added in FY2021) * Included tax increase 24
FINANCIAL IMPACT • FY 2020 property tax rate is $0.646264 – $0.426806 Maintenance and Operations (M&O)Rate (General Fund) – $0.219458 Interest and Sinking Fund (I&S) Rate (Debt Rate) • FY 2021 property tax rate is $0.666264 – Two cents will be added to the Debt Rate for Bond 2018 as approved by Voters in 2018 25
PROPOSED BOND 2020 PROGRAM OVERVIEW City Council Briefing July 21, 2020 26
27
28
29
30
31
Recommend
More recommend
