On November 27, 2018, the Council appointed 28 community members to the Community Bond Advisory Committee whose stated purpose was:
- To assess and review information related to proposed future capital projects;
- To provide input in developing a final list of projects;
- To make a recommendation to Council concerning whether a bond election should be called and, if so, what projects should be included; and,
- To serve as community advocates for the bond program election, if Council decides to call an election.
The Council charged the Committee with making a recommendation as to whether a bond election should be held in November 2019. In order to accomplish this, the Committee sought to answer three questions:
- Should a bond election be held?
- If so, what projects should be included?
- What are the recommended propositions?
The Committee met a total of nine times from January to May 2019. During those meetings, staff presented the Committee with information about twenty-one proposed projects to improve the Town's infrastructure. The proposed projects covered the areas of information technology, parks and recreation, buildings systems, roads, and land acquisition. Staff also provided estimated project costs and the asset management score, where applicable.
The Committee then ranked the proposed projects according to the criteria the Committee had developed. Once ranked, the Committee chose 15 projects that they believe should be included in a bond program. These projects were also divided into five proposed propositions. The total cost of the recommended projects is $85,620,002.
- Proposition 1 - Roads (East West) $22,900,000
- Proposition 2 - Roads (North South) $33,602,000
- Proposition 3 - Buildings $7,395,000
- Proposition 4 - Recreation and Lifestyle $6,723,002
- Proposition 5 - Investment in the Future $15,000,000
The detailed spreadsheet that includes the projects and propositions is attached to this agenda item.
The Committee's final report will be presented to Council by Community Bond Advisory Committee Chair Ralph Doherty.
Information about the Bond Advisory Committee's meetings can be found on the Town's website visiting: https://addisontexas.net/bc/community-bond-advisory-committee
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