In a 5-1 vote, the MCTX City Council approved a special bond election to be held on Nov. 2. The vote was taken at the Aug. 16 In-Person Regular Meeting. If voters pass the measures, the bond referendum will raise more than $85 million for improvements to City roads, parks and other infrastructure.
Voters must choose if they are “For” or “Against” the following propositions:
- Bond Proposition A, which would authorize the City to sell $51,615,000 in bonds to fund improvement of streets, bridges, sidewalks and related projects.
- Bond Proposition B, which would authorize the City to sell $11,220,000 in bonds to fund construction of and improvements to public facilities.
- Bond Proposition C, which would authorize the City to sell $23,015,000 in bonds to fund improvements to City parks.
The three propositions total $85,850,000.
The Bond Exploratory Committee recommended that the City pursue the highest bond debt service scenario of 19.56 cents per $100 in assessed property value; however, assessed values for tax year 2021 are higher than anticipated, resulting in the same level of funding at a reduced rate of 17.57 cents.
There will be a Sept. 16 Open House at the MCTX Community Center, 1522 Texas Pkwy., to present information to the public and answer questions about the bond referendum.
To view the full discussion from the Aug. 16 Regular City Council Meeting, Click Here. To learn more about the Bond Exploratory Committee and to review presentations, Click Here. For more information on the Nov. 2 Election, including the bond issue, visit City Website.
For more updates, please watch the City website: www.missouricitytx.gov, like us on Facebook—fb/MissouriCityTX, follow us on Twitter, Instagram and Snapchat—@MissouriCityTX and Nextdoor, watch Missouri City Television (Ch. 16 on Comcast and Ch. 99 on AT&T) or download the MCTX Mobile app (available for free in Google Play and the Apple app store).