Don’t forget to get out and vote on Tuesday November 3, 2015. Cedar Park residents will be voting on a proposed $96.7 million dollar bond election.
There will be four Propositions on the ballot, asking residents to approve bond measures for various community improvements. With regards to any tax increases, the City of Cedar Park states “Based upon current economic conditions, a General Obligation Bond Rating of AA and increasing debt capacity due to paying off older bonds, the City can issue the proposed General Obligation bond package of $96.7 million, which includes issuance costs, over the course of five to seven years without increasing the current tax rate.”
The four bonds will address these public needs and help to improve our community over the next five years.
Proposition 1 Streets and Roads – $63,000,000
This proposition, if approved by voters, would provide funding for land acquisition, design, engineering, construction and other costs associated with road projects. Potential road projects may include but are not limited to New Hope Rd. construction from Cottonwood Creek Trail to Ronald Reagan Blvd., Anderson Mill Rd. from Cypress Creek Rd. to Zeppelin Rd. and from RM 1431 to the county line, the design and right-of-way acquisition for RM 1431 (Whitestone Blvd.) from Bagdad Rd. to Anderson Mill Rd., and costs associated with the redevelopment of Bell Boulevard, otherwise known as the Bell Boulevard District Project.
Proposition 2 Public Safety – $7,550,000
If approved, this proposition would provide funding for public safety facilities for police and fire protection. These projects may include but are not limited to an expansion and renovation of public safety facilities for police and fire to create additional workspace, and the construction of Fire Station #5 which will service the north central/northeast portions of the City.
Proposition 3 Public Library – $20,500,000
If approved, this proposition would provide funding for construction, renovation or other costs relating to the Public Library. This may include additional program space, classrooms and conference rooms, quiet spaces, new technology, capacity for more materials and a larger parking lot.
Proposition 4 Parks & Recreation – $5,650,000
Park projects that would be funded by this proposition, if approved, could include but are not limited to the development of Lakeline Park property, additional trails and bike facilities, parkland, and developing park amenities.
Read More About the Bond Election on the City of Cedar Park Website.
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