The committee will be tasked with working in subcommittees related to different areas in the city before coming together to compile a comprehensive recommendation to the City Council by the first February meeting.
The Council is expected to call for a May bond election.
Assistant City Manager Nell Lange told committee members city staff was originally expecting to propose a bond package of about $200 million, but it could be larger.
"With some of the numbers we've gotten from the departments, it will be hard to stay at $200 million," she said.
The bond committee is tasked with deciding which projects should be included in the bond proposal, but the Council has final say on what goes before voters.
Lange said funds are needed in areas including road projects, the fire department, parks and recreation, the library, Grand Park and much more. Also to be discussed throughout the process is the need for more city office space and fund for the possible construction of a cultural arts center.
The city in 2013 formed a committee originally expected to have a proposal for a May 2014 election, but the decision was made to postpone it primarily because the library and parks and recreation departments were still in the process of updating their master plans.
The majority of the 2015 committee members returned from the 2014 committe.
The 2015 Citizen Bond Committee members are: John Hoxie, Dawn Neufeld, Sean Lovison, Tammy Meinershagen, Steve Hulsey, JB Owen, Cristi Paton, Bryan Morgan, Bob Chambers, James Wiggins, Jared Walker, Robert Gallagher, George Martin, Hunt Reifschneider, Keith Britton, Audie Adkins, Veronica Birkenstock, Will Russell and Shona Huffman.
The Frisco Economic Development Corp. has not yet named its representative.