City of New Braunfels 2019 Bond Special Election Called

On Monday, February 11th, New Braunfels City Council voted unanimously to call for a 2019 Bond Program Special Election on May 4th, 2019.

The election is the culmination of a one-year development process that included the formation of a Bond Advisory Committee, sixteen public input meetings, and preliminary engineering reports on an initial slate of potential projects presented by the BAC, and final selection by City Council.

The Development Process

January – March 2018

BAC developed recommended projects list for City Council consideration

April – September 2018

Council selected projects from the list of recommendations, added several additional projects, and those projects underwent preliminary engineer and evaluation

October – November 2018

BAC received projects preliminary engineering reports and evaluations and finalized 2019 Bond Program recommendations for City Council

November 2018 – February 2019

City Council evaluated and finalized the 2019 Bond Program projects and called for a May 2019 election

Proposition 1: Streets 

Goodwin/Conrads Lane Reconstruction      $                                                         21,397,150 

Klein Road Reconstruction- Phase 2                                                                      13,000,800 

Citywide Streets Improvements                                                                               15,000,000 

Additional Streets Funding (the extensions of FM 306 and Business 81)                  3,114,540 

Total Streets Investment      $                                                                                52,512,490 

Contribution of Roadway Impact Fees                                                                      (8,000,000)

Total Bond Proceeds - Proposition 1      $                                                                 44,512,490 

Proposition 2: Parks and Recreation 

All Abilities Park Enhancements      $                                                                             500,000 

Comal Cemetery Wall Stabilization                                                                              5,262,500 

Sports Field Complex Construction - Phase 1                                                            25,784,920 

Total Parks and Recreation Investment      $                                                          31,547,420 

 NBEDC contribution                                                                                                 (15,000,000)

 Total Bond Proceeds - Proposition 2      $                                                                 16,547,420 

Proposition 3: Public Safety

Fire Station #2 Replacement      $                                                                                7,367,500 

Fire Station #3 Replacement                                                                                         6,736,000 

Police Department Facility                                                                                           36,311,250

Total Public Safety Investment      $                                                                         50,414,750

Total Bond Proceeds - Proposition 3      $                                                                   50,414,750 

Proposition 4: Library 

Westside Community Center expansion      $                                                               5,525,340 

 Total Library Investment      $                                                                                       5,525,340 

Total Bond Proceeds - Proposition 4     $                                                                     5,525,340

2019 Bond Program Investment 

Total Future Investment      $                                                                                    140,000,000 

Tax Notes - Preliminary Engineering Reports                                                               3,000,000 

Total Investment      $                                                                                              143,000,000 

Contribution of Roadway Impact Fees                                                                        (8,000,000)

NBEDC Contribution to Sports Complex - Phase 1                                                  (15,000,000)

Total Bond Issuance - 2019 Bond Program      $                                      120,000,000

These investments are projected to result in a total of $120M in debt issuance, which includes the $3M already issued for the preliminary engineering reports and $117M for bond projects, which will appear on the May ballot.