Multi-Year Fund Summary

This section includes all our active Bond Construction Funds. It presents the projects and money spent since the original sale of the bonds along with the plan for the expenditure of the remaining funds. Projects included in these funds typically take multiple years to complete. All Infrastructure Improvement bonds were worded to include Water, Sewer, Drainage and Sidewalk and Street reconstruction. Therefore, when the designated projects are complete, the remaining funds can be used on like projects. For future GO (tax supported) Bonds the Legislature passed a bill that will require voter approval of additional projects Construction funds include:

2010 Infrastructure Improvement Bond Construction Fund

This was the first phase of bonds approved by the voters in May 2010. Projects included drainage and street spot repairs. The project for $1 million in street spot repairs and the first two major drainage projects are complete. Due to the need for additional funding the Willow/Blossom drainage project will be completed from the 2016 Infrastructure bond fund. The South Yaupon drainage structure crossings include three separate drainage structures. Two of these structures were completed with street reconstruction in Woodland Park. The remaining structure is currently under construction.

2013 Downtown Revitalization Bond Construction Fund

This fund accounts for the proceeds from the issuance of $2 million in Certificates of Obligation sold in March 2013. Proceeds were used for the completion of Phase III of the downtown plan – South Parking Place. This project is complete. Less than $30,000 remains in this fund and maybe be used for small projects in the area.

2014 Economic Incentives Infrastructure Reimbursement Fund

This fund accounts for the proceeds from the issuance of $5.5 million in Certificates of Obligation. The proceeds are to reimburse HEB for the public infrastructure installed to redevelop the Oak Woods subdivision and to reimburse Dow for public infrastructure associated with the development of the Dow Texas Innovation Center. Dow did not request reimbursement for all their allotted funds. An additional project to replace damaged street panels in areas around the Dow facility is also complete. Less than $100,000 of the original bond proceeds remains and can be used for an infrastructure project in the HEB or Dow area.

2016-2017 Infrastructure Improvement Bond Construction Fund

This fund accounts for the first and second phase of bonds approved by the voters in May 2016. The first phase consists of $3 million to add an additional 2-lane bridge on Plantation Drive at the Flag Lake Channel (complete), drainage improvements in the Willow/Blossom/ Daisy area (primary contract complete), add traffic signals and right turn lanes at Circle Way & Oak Drive at City Hall (complete), and fund the design for replacement of residential streets in Woodland Park ( complete). The second $4 million phase includes the construction funding of the Woodland Park project (complete). Included in this project will be two of the drainage structures on Yaupon that were originally funded by the 2010 Bond Fund(complete). As with all our residential street reconstruction projects it includes Water and Sewer line replacement. Because we have several Water and Sewer Bond funds with projects completed under budget, the Water and Sewer portion of Woodland Park will be moved to these funds. Specifically, the 2016 Water and Sewer Bond Fund. This freed an estimated $600,000 in this fund to be available to address drainage related concerns that came to light in the 2017 flood. We were also able to allocate some money to panel replacements, a project which will seem be under construction. The second phase also includes $650,000 for the engineering of the next portion of the downtown revitalization (Engineering complete). There remains some unallocated money in this fund that may be needed for the upcoming downtown project construction which was delayed due to Covid.

2018 Infrastructure Improvement Bond Construction Fund

This fund accounts for the third and final phase of the bonds approved by the voters in May of 2016. It will consist of $9 million to fund the next phase of the downtown revitalization. Phase 4 of the Downtown Revitalization project includes the reconstruction of 2,525 linear feet of streets, sidewalks, utility lines, and public parking along North Parking Place, That Way from Parking Way to Oyster Creek Drive, and Circle Way from Oak Drive to That Way. The project will also include adding public gathering spaces and pedestrian improvements to the area. Construction was delayed due to the pandemic, but plans are now out for bid.

2021 Infrastructure Improvement Bond Construction Fund

This fund accounts for $26.5 million of bonds approved by the voters in May 2021. Projects include $3.7 million for the construction of a new Animal Control Facility, $2.6 million for work on Pin Oak, North Shady Oaks and Forest Oaks Lane, $1 million for Street Panel Replacements, and $300,000 for Library Flooring. Future projects include $2.4 million for police department renovation and storage expansion, $12.1 million available for improvements at Moss, Chestnut and Wisteria streets and Palm Lane, $2.9 million for asphalt repair to Willenberg and Balsam streets and streets in the Sleepy Hollow subdivision, and an additional $1.5 million for Street Panel Replacements.

2022 Parks and Recreation Improvement Bonds

$3.5 million in Certificates of Obligation are planned for in the Spring of 2022. $2.13 million would be for the replacement/expansion of restrooms in six parks, while the remaining $1.37 million would be for the replacement of playground equipment at seven parks. These bonds will be repaid from the Economic Development Fund (1/2 cent sales tax) .

2013 Water and Sewer Bond Construction Fund

This fund accounts for the proceeds from the issuance of $2 million in Revenue Bonds and $1.5 million in Certificates of Obligation. Projects funded include the Northwest water system expansion, (complete)Sewer line re¬placements, local lift station renovations and repair, and repainting of the Dow Ag water tower. All of the original projects are complete and under original estimated amounts. Remaining funds were used to complete the Marigold Sewer line repair, additional local lift station renovations and water mixers for the ground storage tanks. The water mixer project is currently ongoing.

2016 Water and Sewer Bond Construction Fund

This fund accounts for the proceeds from the issuance of $3.0 million in Water and Sewer Bonds and $3.9 mil-lion in Certificates of Obligation. The largest part of these funds ($4.5 million) was used to extend Sewer to the Airport/ Alden Development. The remaining $2.4 million was used to replace and upgrade the force main from Lift Station 25 to the Wastewater Treatment Plant. These two projects are complete and substantially under budget. The remaining funds are being used to complete additional water and sewer projects includ¬ing the replacement of Water well 5(complete), Woodland Park Water and Sewer (complete), repair and paint the Oak Drive Water Tower (complete), Booster Pump replacement at Oak Drive (engineering only), and SCADA for monitoring of the water system (this portion complete). After the completion of these projects there remains slightly over $800,000 which is reserved for the additional transmission line for the Northwest sewer project.

2017 Water and Sewer Bond Construction Fund

This fund will account for the issuance $5.0 million of Water and Sewer bonds. This will include rehabili¬tation of the entire basin 6 area. This project was divided into three phases, it has now been reduced to two phases. Both phases are now complete and substantially under the original budget. Basin 6 includes Plantation Drive, Cedar, Post Oak, North Shady Oaks and Garland to Garland Court Other projects budgeted include the Lake Forest sewer rehab (phase I) and Huisache Sewer replace¬ment. Because Basin 6 and this project were under budget we were able to extend this project to include both phases of Lake Forest. This project is approximately 90% complete. With these projects nearing completion, there are still substantial funds remaining. Plans are to fund the remaining portion of the Ground Storage Tank Mixer project and the project to rehab the Wastewater Treatment Plant Headworks.

2019 Water and Sewer Bond Construction Fund

This fund will account for the December 2019 issuance $5.0 million of Water and Sewer bonds. This was initially ear marked for a new water well and water tower near the airport to support the development of the Alden subdivision. With the development of the Alden subdivision substantially delayed, the rehab of Lift Station 1 and the replacement of the force main from Lift Station 1 to the wastewater treatment plant has become the priority. Engineering and planning for these projects has begun.