SUBJECT:
Briefing and status report on the 2017-2022 Bond Program
SUMMARY:
TCI will provide an informational briefing on the status of the 2017 - 2022 Bond Program approved by the voters on May 6, 2017 to include updates on the delivery and schedule.
BACKGROUND INFORMATION:
2017 - 2022 Bond Program
On May 6, 2017, voters approved the 2017 - 2022 Bond Program consisting of six propositions totaling $850 Million. The program includes 180 projects designed to improve and enhance existing, as well as acquire or construct, new local streets, bridges, sidewalks, drainage, parks, libraries and other facilities throughout San Antonio. Bond projects address infrastructure needs in a specific area and have a regional or city-wide benefit for all residents. The following provides a general description of each of the six propositions within the Bond Program highlighting the number of projects in each and the total amount of Bond Funds:
Proposition 1: Streets, Bridges, and Sidewalk Improvements - 64 Projects $445,263,000
This proposition authorizes the City of San Antonio to issue bonds, the proceeds from which will be used to make permanent public improvements to streets, bridges and sidewalks, as well as other improvements necessary or related to the following, including, but not limited to: bicycle lanes, landscaping, relocation of utilities, street lighting, technology improvements and signage. This proposition will also provide acquisition of lands and rights-of-way necessary for such purposes and for the acquiring and installation of public art related to the proposition.
Proposition 2: Drainage and Flood Control Improvements - 19 Projects $138,988,000
This proposition authorizes the City of San Antonio to issue bonds, the proceeds from which will be used to provide drainage and flood water improvements and facilities to be used for the removal of and protection from harmful excess water. This proposition will also provide for the acquisition of lands and rights-of-way necessary for such purposes and for the acquiring and installation of public art related to the proposition.
Proposition 3: Parks, Recreation and Open Space Improvements - 79 Projects $187,313,000
This proposition authorizes the City of San Antonio to issue bonds, the proceeds from which will be used to acquire, construct, equip and renovate various park, recreation and open space venues. This proposition will also provide park additions and for the acquisition of lands and rights-of-way necessary for such purposes and for the acquiring and installation of public art related to the proposition.
Proposition 4: Library, Cultural Facilities Improvements - 13 Projects $24,025,000
This proposition authorizes the City of San Antonio to issue bonds, the proceeds from which will be used to acquire, construct, improve, renovate and equip libraries, cultural facilities or other facilities. This proposition will also provide for the acquisition of lands and rights-of-way necessary for such purposes and for the acquiring and installation of public art related to the proposition.
Proposition 5: Public Safety Facilities Improvements - 5 Projects $34,411,000
This proposition authorizes the City of San Antonio to issue bonds, the proceeds from which will be used to acquire, construct, improve, renovate and equip public safety facilities to include fire, police, emergency medical services (EMS), animal control facilities and other facilities promoting the health, safety and welfare of the City’s residents. This proposition will also provide for the acquisition of lands and rights-of-way necessary to accomplish such purposes as well as the acquiring and installation of public art related to the proposition.
Proposition 6: Neighborhood Improvements - 5 Projects $20,000,000
This proposition authorizes the City of San Antonio to issue bonds, the proceeds from which will be used to: acquire properties within 12 identified Neighborhood Improvement Areas; improve and dispose of acquired property to facilitate private sector development of single- family, multi-family or mixed-use projects; for the purpose of eliminating slum or blight conditions or to prevent the spread of those conditions, consistent with the City’s 2017 Urban Renewal Plan as adopted by the City Council for the City of San Antonio on February 2, 2017. The City will not build housing, but will rely on non-profit and private sector housing developers to do so.
ISSUE:
TCI will provide an informational briefing on the status of the 2017 - 2022 Bond Program approved by the voters on May 6, 2017. The briefing will include an overview of the program and updates on delivery and schedule. Below is a breakdown of the current status of program projects as of July 1, 2019.
§ 12 projects (6.67%) are Complete
§ 29 projects (16.11%) are Under Construction
§ 128 projects (71.11%) are Under Design
§ 11 projects (6.11%) Pre-Design
ALTERNATIVES:
This is an informational briefing only.
FISCAL IMPACT:
This is an informational briefing only.
RECOMMENDATION:
This is an informational briefing only.