The City of McKinney is set to appoint a new bond committee for a municipal bond election next year.
The new committee was set to be considered during the city council meeting on Tuesday, amongst other new additions to the city.
McKinney staff put together a presentation for the city council outlining plans for the appointment of the bond committee as well as potential projects that could be included in the bond. The motion was originally set before the city council during their meeting on September 5.
The presentation explained that $350 million had been allocated in the 2019 Bond Election, with $100 million dedicated to street work, $91 million to parks, $75 million to public safety, $50 million to municipal facilities, and $34 million to public works.
Just over $209 million has been issued from the 2019 Bond Election, leaving a remaining balance of about $140 million.
This presentation also identified a number of multimillion “major unfunded projects” for public safety, streets, infrastructure, and more. These include renovations to the McKinney Performing Arts Center and Roy & Helen Hall Memorial Library, construction of a new Municipal Court Facility, two new fire stations, reconstruction of streets, and more.
The Collin County Commissioners Court’s planning board appeared before the commission on August 7 to suggest other multimillion-dollar projects for its own $683 million bond election, as previously reported by The Dallas Express.
If the city council approves the new bond committee, the next steps according to the presentation include the committee establishing recommendations and presenting them to the city council ahead of the council calling for a bond election for May of next year.
Other cities in North Texas are also in the process of preparing for bond elections. Members of the Dallas City Council suggested that the City’s own bond election be delayed from May of next year to December to raise more funds for the bond program, as previously reported by The Dallas Express.