Georgetown voters can expect to see a $90 million mobility bond on their May ballots.
Proposed by a citizens advisory committee in January and approved by City Council in February, the bond will include 10 projects at a total cost of $120 million. Of that total, $30 million will come from leftover bond funds from 2008 and 2015 that were never issued, city officials said.
“The main two points of this [bond] are connectivity and safety, but it is also a comprehensive mobility bond that looks at things from all modes of travel, to connect through and among neighborhoods,” said Jake Gutekunst of Kimley-Horn, the design and consulting firm on the project.
This bond will issue debt for seven years with a maximum tax rate impact of $0.03 per $100 valuation. According to Gutekunst, two cents of the tax increase will pay for these projects. The remaining will go toward voter-approved projects from the 2008 and 2015 bonds.
