The document summarizes a proposed bond election for the City of Hutto, Texas on November 3, 2009. It includes four propositions totaling $22.5 million for street improvements, parks/recreation facilities, a sports complex, and a joint city/YMCA recreation center. It provides details on the bond committee process, general obligation bonds and certificates of obligation, recommended projects for each proposition, and how the bonds may impact the city's tax rate based on projected population and property value growth.
27. curb and gutter improvementsEstimated Cost: Design 63,000 Construction 539,000 Other 0 Total 602,000 Anticipated Schedule: Design 2011 Construction 2012
31. Evans St. to Farley Middle School and Hutto Ray ElementaryEstimated Cost: Design 75,000 Construction 425,000 Other 0 Total 500,000 Anticipated Schedule: Design 2012 Construction 2012
36. Clarks Crossing and Carol Meadows Subdivision = 1,091 feetApproximately $55 per linear foot. (depending on material/style) (additional $750 per gate) Estimated Cost - $450,000
37.
38. Parks & Recreation Improvements Overview PROSTMP - Recommended Actions Revised Parkland Dedication Ordinance (Yr 1)* Develop Hutto Lake Park (Yrs1-3)** Acquire parkland for multiuse sports complex Improve Existing Facilities (Yrs2-4)** Develop 2-4 miles of additional trail (Yrs3-5)** Develop Park for subdivision north of Hutto Elementary (Yrs2-4) *Completed Aug07 **In Progress
39. Parks & Recreation Improvements Overview PROSTMP - Recommended Actions Develop Community Center & Outdoor Recreational Swim Center (Plan Begin In 3yrs/Open Late 2012) Acquire Parkland in NW Section of Hutto Water Play/Sprayground Facility in NC or SC Section of Hutto Develop 2-4 miles of additional trail Develop acquired Parkland in NW Hutto Expand Sports Complex Facilities
47. YMCA would provide equipment and operateAnticipated Schedule: Design 2011 Construction 2012 Estimated Cost: Total 5,000,000 25,000 sq. ft. facility Source: YMCA
A General Obligation Bond is a common type of municipal bond that is secured by a local government’s pledge to use legally available resources, including tax revenues, to repay bond holders. Bonds are generally used for public projects including streets, drainage, sidewalk, building and park improvements. General Obligation Bonds are backed by the full faith and credit of the City.
Creekside Subdivision = 1,932 feetOrgain and Hague area = 334 feetClarks Crossing and Carol Meadows Subdivisions = 1,091 feet
Median age is 33.6 as of 2007 according to this survey
-Strategic Guide has 13 policy statements-Guides Hutto’s growth to 2030-Bolded Policies are directly related to the bond