2023-053 2023 Bond Propositions August 11, 2023 Report No. 2023-053
INFORMAL STAFF REPORT
TO MAYOR AND CITY COUNCIL
SUBJECT:
2023 Bond Program Propositions
EXECUTIVE SUMMARY:
On August 1, 2023, City Council provided a recommendation to staff for the 2023 Bond
Program including the list of projects, the program not-to-exceed amount of$309,590,000 with
the inclusion of a 2% allocation for public art for the vertical structures included in the program.
The final project recommendations have been categorized into five propositions by the City's
Bond Counsel for the November 2023 Election. On August 15, 2023, Council will consider an
ordinance to call the election.
BACKGROUND:
On April 4, 2023, City Council established a Special Citizens Bond Advisory Committee
comprised of 40 residents to evaluate proposed projects and make a recommendation to the
Council for a potential 2023 Bond Election. The committee met a total of seven times between
May and July and provided a recommendation for Council consideration.
Two City Council Work Sessions were held with Council in July and August 2023 to review the
committee recommendation. On August 1, 2023, City Council provided a recommendation to
staff for the 2023 Bond Program including the list of projects, the program not-to-exceed amount
of$309,590,000 with the inclusion of a 2% allocation for public art for the vertical structures
included in the program.
Project Total
Fire Station#5 $ 12,671,116
Fire Station#6 12,671,116
Oakland Drainage &Upstream Detention Improvements 32,595,000
PEC Phases 3 &4 Drainage Improvements 26,265,896
Affordable Housing 15,000,000
Active Adult Center 46,429,380
South Branch Library 48,575,961
Linda McNatt Animal Care &Adoption Center 15,849,396
Ruddell, Mingo Roadway & Quiet Zones 45,125,615
Inclusive Playground 3,450,000
City Hall West 17,875,698
Trail Development 15,000,000
Aquatic Improvements 15,000,000
Public Art 2% of vertical construction projects 3,080,000
Total $ 309,590,000
August 11, 2023 Report No. 2023-053
The final project recommendations have been categorized into five propositions by the City's
Bond Counsel Attorney:
Propositions Total
Proposition A: Streets $45,125,000
Proposition B: Drainage and Flood Control 58,860,000
Proposition C: Park System 148,590,000
Proposition D: Public Safety 42,015,000
Proposition E: Affordable Housing 15,000,000
Total $ 309,590,000
Proposition A: Streets
The issuance of$45,125,000 for Mingo and Ruddell Roadway Improvements and Railroad Quiet
Zones
Proposition B: Drainage and Flood Control
The issuance of$58,860,000 for Oakland Drain and Upstream Detention Improvements and the
Pecan Creek Tributary Phases 3 & 4
Proposition C: Park System
The issuance of $148,590,000 for an Active Adult Center, South Branch Library, Inclusive
Playground, City Hall West, Trail Development, and Aquatic Improvements. This proposition
also includes a funding allocation of 2% for public art of vertical structure projects.
Proposition D: Public Safety
The issuance of $42,015,000 for Fire Stations 5 & 6, and the Linda McNatt Animal Care &
Adoption Care Center. This proposition also includes a funding allocation of 2% for public art of
vertical structure projects.
Proposition E: Affordable Housing
The issuance of$15,000,000 for affordable housing.
CONCLUSION:
On August 15, 2023, Council will consider an ordinance to call an election for the 2023 Bond
Program to be held on November 7, 2023. The City's Bond Counsel Attorney will attend the
August 15th Council Meeting to answer any questions related to the categorization of the bond
propositions.
ATTACHMENT(S):
N/A
STAFF CONTACT:
Cassey Ogden
Assistant City Manager/Chief Financial Officer
August 11,2023 Report No. 2023-053
(940)349-7195
Cassandra.ogden(kcityofdenton.com