El Paso City Council Approves Bond Issuance For Capital Projects

When exploring el paso city council approves bond issuance for capital projects, it's essential to consider various aspects and implications. Capital Improvement - City of El Paso. It’s all in service to our mission statement: To provide capital project management services to city staff, residents, and visitors to El Paso so they can use and enjoy improved infrastructure, facilities, and amenities for enhanced health, safety, and welfare. CITY COUNCIL REJECTS CITIZEN OVERSIGHT OF NEARLY $700M IN BOND PROJECTS. City Manager Mack and Deputy City Manager Yvette Hernandez claimed yesterday that BOAC has been responsible for delaying capital improvement projects, which is absolutely false.

There is nothing in the 2012 BOAC ordinance empowering BOAC to delay bond projects or take any kind of executive action. Understanding the Bonds: Voter-Approved vs. Equally important, under consideration in El Paso is a potential multi-million dollar bond issue slated for the November 2024 ballot.

If the county’s plan is approved by the voters, the bonds will be issued, providing the necessary funds for various capital improvement projects. El Paso City Council Approves Bond Ordinances to Fund Construction Projects. The council voted on the bonds after reviewing a capital improvement projects presentation detailing how the funding will be spent. As detailed, the bonds will also fund the remodeling of five city fire stations, as well as the construction of the new Fire Department Station number 36. PUBLIC SERVICE BOARD MEETING AGENDA ITEM REGULAR MEETING. Additionally, series 2023 bonds will pay off up to $40,000,000 of the outstanding commercial paper notes, fund approximately $150,000,000 for CIP projects approved for Fiscal Year 2023-2024, and approximately $2,215,000 for bond issuance cost.

Debt Service Policy FY 25 - City of El Paso. It is the City’s priority to fund the majority of capital projects with voter-approved debt. However, on occasion, it becomes necessary to seek additional financing in order to make necessary infrastructure improvements, renovate existing facilities, and extend the useful life of an asset. COMMUNITY MEETINGS - City of El Paso.

Aug 2024: The City Council approves an ordinance calling for a ballot measure on the upcoming November 5, 2024 election asking voters to decide whether to cancel the City's remaining authority to issue $128,455,636 in general obligation bonds allocated for the MPC planned for Downtown El Paso. El Paso County Capital Improvement Bond. On November 5, 2024, El Paso County voters approved three of five proposed Capital Improvement Bond propositions, paving the way for transformative public projects across the County. The El Paso City Council approved the issuance of $161.3 million in general obligation bonds and certificates of obligation for streets, parks and public safety improvements.

City of El Paso arena bond revocation proposal explained - El Paso Matters. 5 ballot will ask voters within the El Paso city limits to vote for or against a proposition to cancel the city’s authority to issue the remaining $128.5 million general obligation bonds for the multipurpose performing arts and entertainment facility – also known as the Downtown arena.