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Tuesday, May 01, 2007

If passed, City bond program to cost $550 million


The bond program totals $550 million. This is more than four times as great as the most recent City bond programs. The 2003-2007 Bond Program was $115 million while the 1999-2004 Bond Program was $140 million.


There are a total of 151 proposed projects. Each of the projects has been placed within one of five propositions. The following is a summary of the bond program by proposition showing the number of projects within each proposition and the projected cost associated with each proposition:


Streets, Bridges, and Sidewalks Improvements (43 Projects) = $306,997,413
Drainage Improvements (26 Projects) = $152,051,818
Parks, Recreation, Open Space, and Athletics Improvements (69 Projects) = $79,125,293
Library Improvements (11 Projects) = $11,025,476
Public Health Facilities (2 Projects) = $800,000

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