The “single issue” bond election for McKinney National Airport development projects is expected to be called for May 2023, Director of Strategic Services Trevor Minyard said at the meeting.
The presentation noted over $475M in major unfunded projects in the coming years, including a new municipal court facility, new fire stations, road improvements and the airport development projects. The projects at the airport that may be included in the bond are additional development and infrastructure on the east side of the airport, a parallel taxiway on the east side of an existing runway and the realignment of taxi lane A, according to the presentation.
Subcommittees for this bond will include community stakeholders, government and regional stakeholders, business and industry subcommittees, development and infrastructure subcomittees, and finance subcommittees, according to the presentation. Subcommittees are expected to meet at least three times throughout October and November before they bring their recommendations to city council in January, Minyard said. City Council would then be able to call for a bond election if they so chose in February to meet a deadline set by the state for adding the bond to the May 2023 election ballot, Minyard said.
Community members interested in serving on the citizen bond committee can reach out to council members prior to the Sept. 27 meeting to be considered.
McKinney voters most recently approved a $350 million general bond in May 2019 that funded the new McKinney City Hall, street improvements and facilities for public safety, public works, and parks and recreation.