By BILL PETERSON
Editor at Large
KYLE – The Kyle city staff went before the city council this week with a five-year capital improvement plan containing no surprises.
The plan calls for $35.5 million in capital improvements, $20.3 million of which will be funded by long-term debt the city already has issued. But the plan will certainly grow in the next two years, because it doesn’t call for the issue of debt to pay for a $20 million recreational center in the city’s wishes. City officials plan to go before voters in November 2009 to ask for the bonding authority.
The city has also yet to establish how it will fund a new library, which figures to cost about $4 million sometime between 2010 and 2012, though it’s likely the city will do it with long-term debt.
Adding the city’s entire wish list, including the library and rec center, the total comes to $62 million. However, the plan only calls for a little more than half of that.
Of the expenditures described in the plan submitted to the city council Tuesday night, the largest, by far, is $17.5 million to build infrastructure around the Seton Hospital and shopping development at Kyle Parkway and Interstate-35.
The road improvements are among $25 million of capital outlays proposed for Fiscal Year 2008-09. The city is looking at another $2 million in long-term debt for FY 2008-09 to spend on water, sewer and other facilities. The remaining funds will come from operating revenues and impact fees.
Besides transportation improvements around the coming Seton Hospital, the city plans its largest capital outlays in the nest five years for water and sewer, which will undergo $7.5 million in improvements to be funded by impact fees.
The city will spend about a million in the next five years to replace police equipment, mostly vehicles, and another $283,000 for new police programs. Parks and Rec would receive $833,000 in replacement items and another $602,000 for new programs in the next five years. The police and parks outlays will be funded as general operating expenses.
The city council has tentatively planned a workshop for the five-year plan on June 24. A public hearing is scheduled for the city council meeting on July 1, with another council workshop slated for July 8 before the plan is scheduled for approval on July 15.Email | Print