Jersey Village City Council issued $25.7 million in bonds—from the city’s $33.8 million bond package approved by voters in November—for eight upcoming projects.
In a nutshell
On Jan. 22, council unanimously approved the issuance of the first set of bonds, which will be sold for an expected interest rate of 4.25%, city staff said. The bonds were issued for projects that need to be financed within the next two years, according to meeting documents.
According to meeting documents, the projects to be covered by the first series of bonds are:
- Congo Street project for $4.25 million
- Singapore Street project—running from Senate Street to Solomon Street—for $2.92 million
- Australia Street project for $1.88 million
- Seattle Street project—running from Solomon to Senate—for $2 million
- Solomon Street project for $4.49 million
- White Oak Bayou Plant project for $6 million
- Replacing all sewer pipes that were placed before 1980 for $3.7 million
- A walking and bicycle bridge at Equador Street for $500,000
