Work is set to begin on the first of five road construction projects Kyle voters approved in 2013 as part of a $36 million bond. As the schedule stands, Goforth Road will be the first to be reconstructed and expanded in June. Bunton Creek Road, which residents and elected officials have said is in worst condition of the five roads, is slated to start construction in September. Marketplace Avenue will be extended starting in October. The expansion and reconstruction of Lehman Road and North Burleson Street is scheduled to begin in March 2016 and November 2016, respectively. Construction of the roads was originally planned as a five-year window in which projects would be done one by one and bonds issued in multiple series. The projects are now set to be completed in roughly two years, and the bonds will be issued all at once in order to capitalize on low interest rates and construction costs, city officials said. "If we get the indication from the [Federal Reserve] that they will be [raising] interest rates, my recommendation—and I would imagine the recommendation from the city's financial advisor—would be that we not do multiple series of bonds, that we rather take advantage of the [low interest rates] and issue the bonds," Finance Director Perwez Moheet said at a City Council meeting Jan. 20. Moheet said the Federal Reserve has shown signs in recent months that interest rates will be increasing. With about seven months until the launch date of the Bunton Creek Road project, Mayor Todd Webster said the city must consider the possibility of making emergency repairs to the road. He said the condition of the road poses safety concerns. "I think we need to talk now about what a contingency plan might look like if that happens just because of the condition of the road," Webster said. "The others can survive until construction." City staff updated the tax implications issuing the bonds will have on Kyle's taxpayers. Initially projected to be $0.2075 per $100 of taxable assessed valuation, the city is now projecting a range of $0.13 to $0.17per $100 of taxable assessed valuation.