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West University Place City Council unanimously approved up to $10.76 million in bond sales Nov. 10 that will go toward funding five different water system infrastructure projects throughout the city.
What residents should know
When it comes to bond issuance, city officials addressed how the funding for these projects will be paid.
“The debt issued for these projects will be paid for by water/sewer fees, not property taxes,” a statement on the project site reads.
For the average West U household that does not receive a senior or disability exemption on its utility statements, the estimated impact will be an additional $2.36 per month.
Digging deeper
The bond proceeds, according to city officials, will be used for the following phases in these projects identified in the city’s 2025-34 Capital Improvement Plan:
West University's fiscal year 2025-2034 Capital Improvement Plan includes a roughly $502 million budget with 62%, or $312 million, of funds going toward drainage projects. CIP funds can be used to finance public improvements in the six following categories: drainage, facilities and technology, parks, streets, water, and wastewater.
During the Sept. 8 meeting, City Council unanimously approved authorizing the intent to issue certificates of obligation. More information about the bond sale and the associated projects can be found on the city's website.
