PROPOSED BOND 2020 PROGRAM OVERVIEW City Council Briefing July - - PowerPoint PPT Presentation

City Council Briefing July 28, 2020

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PROPOSED BOND 2020 PROGRAM OVERVIEW

BOND 2020 PROGRAM SUMMARY

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Proposition Number of Projects Total Allocation Streets 22 $61M (81%) Parks 18 $12M (16%) Public Safety 2 $2M (3%) Total 42 $75M

BOND PROPOSALS

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Category Initial Proposed Projects Initial Allocation Updated Proposed Projects Updated Allocation Allocation Variance Streets 26 $72M (63%) 22 $61M (81%) $11M Parks 23 $23M (20%) 18 $12M (16%) $11M Public Safety 2 $20M (17%) 2 $2M (3%) $18M Total 51 $115M 42 $75M $40M With 2¢ Property Tax Rate Increase Without 2¢ Property Tax Rate Increase

KEY DATES FOR BOND 2020

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Task Description Due Date

Bond Presentation to Council, community input and discussion 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 2020 Schedule

BOND ELECTION - NOVEMBER 3, 2020

GUIDING PRINCIPLES

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• Signature Projects
• Investment in Major

Corridors

• Project Continuation
• Increase Connectivity
• Leverage Match Projects
• Increase Capacity for High

Growth Areas

• Enhance Functionality of

Recreational Areas

• Major Signature Park

Projects as opposed to Maintenance Projects

• Improve Public Safety

Facilities

ROUGH PROPORTIONALITY

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• Bond Benefits all Council Districts Evenly

Program Proposition CD1 CD2 CD3 CD4 CD5 Citywide Total 2020 Bond Program Streets $12,000,000 $13,300,000 $11,800,000 $12,100,000 $11,800,000 $61,000,000 2020 Bond Program Public Safety $2,000,000 $2,000,000 2020 Bond Program Parks and Public Facilities $750,000 $1,000,000 $750,000 $1,000,000 $8,500,000 $12,000,000 $12,750,000 $14,300,000 $11,800,000 $12,850,000 $12,800,000 $10,500,000 $75,000,000 17% 19% 16% 17% 17% 14% 100% 2021 CDBG Grant Parks and Public Facilities

• $1,000,000
• $1,000,000

$12,750,000 $14,300,000 $12,800,000 $12,850,000 $12,800,000 $10,500,000 $76,000,000 17% 19% 17% 17% 17% 14% 100%

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STREETS

• $61M Allocation

– 22 Streets in the 5 Council Districts

• 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

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STREETS

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Proposition Number of Projects Total Allocation Initial Proposal 26 $72M Updated Proposal 22 $61M Difference 4 $11M

STREETS - COUNCIL DISTRICT 1

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Street Cost Comanche (Carancahua to Alameda) $2.5M Frontier (McKinzie to Rockwood) $2.5M Hearn (Callicoatte to Dead End) $2.1M Wildcat (FM 624 to Teague) $2.5M Trinity River (FM 624 to Wood River) $2.4M Total: $12M

STREETS - COUNCIL DISTRICT 2

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Street Cost Brownlee (Staples to Morgan) $2.7M Alameda (Texan Trail to Chamberlain) $6.3M Everhart (Staples to McArdle) $4.3M Total: $13.3M

STREETS - COUNCIL DISTRICT 3

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Street Cost Airport (Morgan to Horne) $4.8M Carroll (Holly to Dead End) $2.8M Flato (Bates to Bear) $4.2M Total: $11.8M

STREETS - COUNCIL DISTRICT 4

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Street Cost Everhart (Alameda to Staples) $4.3M Waldron (SPID to Purdue) $3.95M 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: $12.1M

STREETS - COUNCIL DISTRICT 5

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Street Cost Lipes (Sunwood to Staples) $3.1M Rodd Field (Yorktown to Adler) $4.8M Strasbourg (Grenoble to Marseille) $2M Yorktown – Design Only (Rodd Field to Oso Creek Bridge) $1.9M Total: $11.8M

PARKS

• $12M Allocated

– 14 Parks projects in the 5 Council Districts – 4 Additional Citywide Projects

• Focus on Signature Projects

& Neighborhood Parks

– Reconstruction and Rehabilitation

• Parking lots, restroom facilities,

playground and shade structures

• New pool design and install playground,

skate park, walking paths, and lighting

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PARKS

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Proposition Number of Projects Total Allocation Initial Proposal 23 $23M Final Proposal 18 $12M Difference 5 $11M

PARKS - COUNCIL DISTRICT 1

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Project* Cost McNorton Park $250K Brookhill Park $250K Academy Park $250K Total: $750K

*Replacement of playground equipment and installation of shade structures at McNorton Park, Brookhill Park and Academy Park.

PARKS - COUNCIL DISTRICT 2

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Total: $1M Project* Cost Cupier Park $250K Sherwood Park $250K Sam Houston Park $250K Temple Park $250K

*Replacement of playground equipment and installation of shade structures at Cupier Park, Sherwood Park, Sam Houston Park and Temple Park.

PARKS - COUNCIL DISTRICT 3

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Project* Cost CDBG Grant for Salinas Park $1M Total $1M

* Install outdoor workout equipment, construct skate park and install LED lights at park.

PARKS - COUNCIL DISTRICT 4

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Total: $750K Project* Cost Windsor Park $250K Retta Park $250K Douden Park $250K

*Replacement of playground equipment and installation of shade structures at Windsor Park, Retta Park and Douden Park.

PARKS - COUNCIL DISTRICT 5

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Total: $1M Project* Cost Crossgate Park $250K Brighton Park $250K Brandywine Park $250K

• Capt. Falcon Park

$250K

*Replacement of playground equipment and installation of shade structures at Crossgate Park, Brighton Park, Brandywine Park and Capt. Falcon Park.

CITYWIDE PARKS PROJECTS

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Project Cost Texas State Aquarium – Rescue Center $3M North Beach Restrooms & Facilities $2.5M Bill Witt City Park – Pool & Facilities (Design) $1M West Guth Park Enhancements $2M Total: $8.5M

PUBLIC SAFETY

• $2M Allocated

– 2 Citywide Projects

• Focus on Public Safety

Facilities (Design Only)

– Fire: Replace antiquated fire station #3 (Morgan Street) – Police: New Police Training Academy

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PUBLIC SAFETY

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Proposition Number of Projects Total Allocation Initial Proposal 2 $20M Final Proposal 2 $2M Difference $18M

CITYWIDE PUBLIC SAFETY PROJECTS

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Project Cost Fire Station #3– Morgan St. (Design Only) $750K Police Training Academy (Design Only) $1.25M Total $2M

GENERAL OBLIGATION (G.O.) DEBT CAPACITY

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• $75M can be done

without the Bond 2018 voter approved 2¢ City property tax rate increase

– Coordinated City debt management plan with City financial advisors - Estrada & Hinojosa

RECENT G.O. BOND PROGRAMS

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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* (If 2.0¢ tax rate increase added in

FY2021) * Included tax increase

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 will remain $0.646264

without the Bond 2018 voter approved 2 cent City property tax rate increase ($75M Bond Capacity)

• Property tax rate recommended in City Manger’s

FY2021 Proposed Budget is the same as the tax rate in FY 2020 or $0.646264

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