HomeMy WebLinkAboutAgenda Packet City Council - 04/30/2024 ®rtif
Cit of Corpus Christi 1201 Leopard Street
Y Corpus Christi,TX 78401
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Meeting Agenda Final revised
City Council
Tuesday,April 30,2024 2:00 PM Council Chambers
Proposed Bond 2024 Program Council Workshop
Public Notice:ITEMS ON THIS AGENDA ARE FOR COUNCILS INFORMATIONAL
PURPOSES ONLY. NO ACTION WILL BE TAKEN AND NO PUBLIC COMMENT WILL BE
SOLICITED.
A. Mayor Paulette Guajardo to call the meeting to order.
B. City Secretary Rebecca L. Huerta to call the roll of the required Charter Officers.
C. City Council Workshop on the Proposed Bond 2024 Program
24-0672 Proposed Bond 2024 Program Presentation
D. ADJOURNMENT
City of Corpus Christi Page 1 Printed on 4/29/2024
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hcaBPOPP10 AGENDA MEMORANDUM
1852 City Council Meeting of April 30, 2024
DATE: April 2, 2024
TO: Peter Zanoni, City Manager
FROM: Jeff H. Edmonds, P. E., Director of Engineering Services
jeffreye@cctexas.com
(361) 826-3851
Proposed Bond 2024 Program
STAFF PRESENTER(S):
Name Title/Position Department
1. Neiman Young Assistant City Manager Executive
2. Jeff H. Edmonds, P. E. Director Engineering Services
BACKGROUND:
The City of Corpus Christi has biennially approved and implemented two-year General Obligation
Bond programs that consist of citywide infrastructure projects that are approved by voters.
It has been anticipated that this cycle would continue with Bond 2024. In recent months, staff has
developed a proposed project list from needs identified, in part, in the City's 10-year Capital
Improvement Plan, meetings with policymakers, and engagements with city stakeholders. In
addition, bond projects are guided by the following council approved principles:
• Fund Projects That are Fully Designed: Capitalize on shovel ready projects to promote
efficient delivery of new projects and avoid escalating construction costs.
• Project Continuation: Complete ongoing phased or designed infrastructure projects from
previous Bond Programs and the City's Street Preventative Maintenance Program.
• Rough Proportionality: Ensure that funds generated from the Bond are equitably distributed
across all five council districts.
• Improve Public Safety Facilities: Improve public safety by addressing major public safety
facilities that have been neglected for decades. Provide adequate infrastructure and facilities
to maintain public safety services.
• Increase Road Capacity: Expand roadways to accommodate current and future growth.
• Increase Connectivity: Improve connectivity between existing commercial areas and
neighborhoods, schools, streets, sidewalks, bike facilities, drainage systems or other
networks.
• Major Citywide Signature Project: Invest in projects that are impactful and/or meaningful to
the community.
• Economic Development: Fund projects that provide a significant return on investment of City
dollars.
• Enhance Functionality of Recreational Areas: Improve regional and neighborhood parks
and pools to promote recreational activities.
• Invest in Major Corridors: Utilize bond funding as a revenue source to address city arterials,
collectors, and industrial streets.
• Leverage Funding: Pursue state or federal funding to pursue impactful projects throughout
the community.
• Landscape Design: Seek opportunities for area beautification and shade in major capital
projects.
This briefing will provide an overview of the overall Bond 2024 program to include the program's
proposed budget, categories, candidate proposed projects, and timeline:
• BUDGET. The staff recommended budget for the Bond 2024 Program is $175 million
and will not require a City tax rate increase.
• CATEGORIES. The Bond 2024 proposed categories and funding amounts for Council
approval are:
o Streets/Stormwater: $92 Million
o Public Safety: $45 Million
o Parks: $35 Million
o Libraries/Community Centers: $3 Million
• PROPOSED CANDIDATE PROJECTS. The recommended candidate projects for Bond
2024 were developed through initiatives identified by City departments, feedback
received from stakeholder engagements, and priorities gained from one-on-one
meetings with council members. These projects are only recommendations and will not
be finalized by City Council until the public and stakeholder engagement is completed.
• TIMELINE. If Council approves the bond categories and authorizes staff to exhibit the
proposed candidate projects as presented, the next step in the timeline includes
conducting more stakeholder engagements and hosting town halls in each council
district from May 2024 through June 2024. Staff will then refine the list of proposed
candidate projects based on the feedback received from these engagements.
City staff will then bring the refined list of proposed projects back to Council for final
adoption. This vote is planned for Tuesday, August 13. On this date, City Council will
also consider a one-reading ordinance to call for the Bond election.
The Bond 2024 Program will be on the election ballot in separate propositions in
accordance with legal requirements. Voters will be asked to consider each of the
propositions separately on November 5, 2024.
The City is phasing bond projects by seeking funding to design projects in one program and
securing the funding for construction in the subsequent bond. To maintain a strategic
understanding of the City's fiscal impact on future bond obligations, City staff will be developing
a two-year analysis on Bond 2024 to determine how the program will affect Bond 2026 and
future City initiatives.
LIST OF SUPPORTING DOCUMENTS:
Proposed Bond 2024 Program Presentation