OVERVIEW

Minutes from the May 24, 2021, Bond Committee meeting.

POLICY CONSIDERATIONS

There are no policy considerations with this item.

RECOMMENDATION

Approve the minutes of the May 24, 2021, Bond Committee meeting.

BACKGROUND

At its last meeting, the Bond 2021 Committee requested to see several options of ballot proposition language as it considered its final recommendation to the City Council. Staff contacted the City's bond counsel, who prepared the draft language.

POLICY CONSIDERATIONS

The ballot propositions must be written in accordance with state law. The ballot propositions presented at this meeting are drafts and are for discussion purposes only. They are not intended to reflect exactly what will appear on the ballot language, as the specific content may be subject to change. 

If a proposition is not approved by voters, the City may not issue certificates of obligation for the same purpose set forth in the proposition for a period of three years. 

RECOMMENDATION

Review the proposed ballot proposition language.

BACKGROUND

At its March 15, 2021, regular meeting, the City Council issued the following charge to the Bond 2021 Committee:

“Make a recommendation to the City Council regarding the need and size of a bond package to submit to Sachse voters in a November 2, 2021, referendum in light of:

• The condition of residential, collector, and arterial streets citywide;
• The condition of drainage systems citywide;
• The condition of select city facilities;
• The condition of select screening walls;
• The tax rate impact of various bond package amounts; and,
• The potential for a successful election outcome."

The Bond Committee has met three times to review information about potential projects. Tonight's meeting will be focused on finalizing a recommendation to the City Council. 

POLICY CONSIDERATIONS

The City Council issued this charge to provide the Bond 2021 Committee with a basis for its conversation during this process. This is not an exhaustive list of projects, nor is it intended to limit the Committee in any way. 

RECOMMENDATION

Review the charge issued to the Bond 2021 Committee by the City Council, discuss and finalize a recommendation to Council on Bond 2021 projects.