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Voters Approve City's 2020 $75M Bond Program
CORPUS CHRISTI, TX — Voters approved the City of Corpus Christi's Bond 2020 Program for a total of $75 million with 42 infrastructure projects. All three propositions passed with over a 70 percent approval rating, demonstrating high confidence in the city's ability to deliver essential city services and infrastructure projects. The propositions include projects for streets, parks, and public safety improvements.
Proposition A (Streets - $61 million) includes 22 projects that focus on the rehabilitation, reconstruction, and construction of roadways throughout the city.
Proposition B (Parks - $12 million) includes a total of 18 projects such as replacing aged playground equipment and the design of a pool facility along with providing $3 million for a leverage-match challenge for a new rescue center at the Texas State Aquarium.
Proposition C (Public Safety - $2 million) focuses on two projects including the replacement of fire station #3 at Morgan Street and constructing a new Police Training Academy complex.
“It is very exciting to see our community continue to invest in itself by voting yes for Bond 2020," said City Manager Peter Zanoni. "Voter approval of the Bond Program was necessary to carry out this much needed work in our city. Our commitment to voters is to deliver these projects in a timely manner, within budget and with high quality.”
The 2020 Bond Program will not require a city property tax rate increase. The bond projects are located across the city with significant infrastructure investment in all five City Council Districts. The funding invested in each of the five City Council Districts are roughly proportional to ensure equity throughout. It is anticipated that project design will begin in spring 2021.
Texas Contractor ProjectsProposition A (Streets - $61 million) includes 22 projects that focus on the rehabilitation, reconstruction, and construction of roadways throughout the city.
Proposition B (Parks - $12 million) includes a total of 18 projects such as replacing aged playground equipment and the design of a pool facility along with providing $3 million for a leverage-match challenge for a new rescue center at the Texas State Aquarium.
Proposition C (Public Safety - $2 million) focuses on two projects including the replacement of fire station #3 at Morgan Street and constructing a new Police Training Academy complex.
“It is very exciting to see our community continue to invest in itself by voting yes for Bond 2020," said City Manager Peter Zanoni. "Voter approval of the Bond Program was necessary to carry out this much needed work in our city. Our commitment to voters is to deliver these projects in a timely manner, within budget and with high quality.”
The 2020 Bond Program will not require a city property tax rate increase. The bond projects are located across the city with significant infrastructure investment in all five City Council Districts. The funding invested in each of the five City Council Districts are roughly proportional to ensure equity throughout. It is anticipated that project design will begin in spring 2021.
