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 Bond Projects 2014
Projects using bond money approved in 2013

In November 2013, Round Rock residents approved four bond propositions for the City:

  • Proposition 1 – $16.5 million for Fire Department facilities
  • Proposition 2 – $56.5 million for parks and recreation purposes
  • Proposition 3 – $23.2 million for library facilities
  • Proposition 4 – $27.4 million for police and fire training facilities

Below are some general updates on some of the the bond projects currently in progress.

Proposition 1
The City is proposing to use $16.5 million in bond proceeds to build three new fire stations, relocate Station No. 3 within its current response area and renovate Central Station.

Proposition 1: Fire Department Facilities

Project

Amount

Description

Land purchase

 $1,654,500

 Purchase of land for proposed stations
Southeast Fire Station

 $2,612,500

 Design, engineering and construction
Northwest Fire Station

 $405,000

 Design and other costs
Remodel of Station #3

 $2,328,00

 Design, engineering and construction

 

Proposition 2
The City is proposing to use $56.5 million in bond proceeds for a variety of parks and recreation projects. | Download PDF of Proposed Project Maps (40MB)

Proposition 2: Parks and Recreation Facilities

Project

Amount

Description

Brushy Creek Regional Trail

$1,925,000

Land acquisitions and construction of regional trail and amenities from Veterans Park to Rabb Park.
Heritage Trail

$17,000,000

Construction for trail from Mays Street to Georgetown Street and Mays Street to Old Town near Bathing Beach.
Lake Creek Trail

$2,000,000

Connection of southwest Round Rock to downtown and the Brushy Creek Regional Trail, including safe pedstrian crossing under I-35.
Old Settlers Park ballfield improvements

$14,500,000

Expansion and improvements to multipurpose field complex and soccer fields.
Rock'N River Family Aquatic Center

 $7,000,000

Expansion of aquatic center with increased capacity, elements for older children, additional parking and a concession building.
Repair and maintenance program

 $4,000,000

Upgrades, improvements and maintenance at various facilities
  • Disability access

$1,000,000

Upgrade accessiblity at parks and facilities
  • Frontier Park

 $375,000

Replace pavilion, upgrades to tennis court lighting and new walking trail.
  • Clay Madsen Recreation Center

$250,000

Improvements to skate park, basketball court and accessibility.
  • Krebsbach Pool
 $500,000Replacing older amenities and pump system. Improvements to restroom accessibility.
  • Lakeview playground
 $310,000Land survey, playground and restroom improvements.
  • Round Rock West Park
 $500,000Replacing pavilion, playground and restroom building.
  •  Stark Park

$120,000

Replacing sidewalks and upgrades to tennis court
  • Stella Park

 $375,000

Replacing playground and pavilion. Upgrading basketball court and adding walking trail and other amenities.
  • Old Settlers Parking Lots

 $570,000

Maintenance of parking lots for tennis courts and Triple Crown fields

 

Proposition 3
The City could use $23.2 million in bond proceeds from this proposition to build a new main library, and renovate the existing library or build a new branch library.

Proposition 3: Library Facilities

Project

Amount

Description

New Library building

$1,500,000

Design and engineering for new Library.

 

Proposition 4
The City could use $27.4 million in bond proceeds from this proposition to build a public safety training facility (PDF) to be used by the Fire Department and Police Department.

Proposition 4: Public Safety Training Facility

Project

Amount

Description

Public Safety Training Facility

$16,300,000

Design, engineering and construction.

About the bonds
In 2013, a Bond Advisory Commission made recommendations on a bond package for an election in November.

The interest rate on this first issuance of bonds will be 3.97 percent – which is below the 4.35 percent projected by the City prior to the election. The $71 million in first issuance proceeds were received in March 2014. Second and third bond issuances are planned for 2016 and 2018.

Moody’s stated its rating “reflects stable growth in the city's large tax base, as well as solid financial operations and cash reserve levels, prudent management practices, and a manageable debt burden.” It also noted “adherence to formal management and debt policy” and “growth in sales tax collections.”

Among the factors noted by S&P in affirming its rating:

  • Strong economy
  • Very strong budgetary flexibility
  • Very strong liquidity providing very strong cash levels to cover both debt service and expenditures
  • Strong management with strong financial policies

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City of Round Rock | 221 East Main Street, Round Rock, Texas 78664 | Phone: (512) 218-5400
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