Ordinance 1999-04
ORDINANCE NO. ~
AN ORDINANCE OF THE CITY OF WYLIE, TEXAS ESTABLISHING A
CITIZENS BOND ADVISORY COMMITTEE (CBAC); PROVIDING FOR
THE SCOPE AND AUTHORITY OF THE. COMMITTEE; AND PROVIDING
FOR THE APPOINTMENT OF THE MEMBERS.
WHEREAS, the City Council of the City of Wylie is considering calling a local bond election
for May 1999; and
WHEREAS, the City Council's desire is to'"appoint a Citizens Bond Advisory Committee
(CBAC) to develop a Bond Program for recommendation to the City Council at its March 24, 1999
Regular Meeting; and
WHEREAS, the CBAC has the responsibility to develop a recommendation regarding th~
total amount of the bond issuance ad the specific projects to be included in the proposition(s)
presented to the voters; and
WHEREAS, bond projects are necessary in order to avoid falling behind in maintaining our
vital city infi:astructure, are essential for the city to operate efficient and effective systems today, and
to allow the city to better position itself for future growth; and
WHEREAS, a successful bond program can demonstrate to potential investors, industrial
prospects and to existing businesses considering an expansion that citizens are willing to make
investments to improve the community; and
WHEREAS, the citizens.approval of general obligation bonds totaling at least $2.4 million
will leverage matching funds of approximately $9.3 million from Federal, State and County sources.
"
that:
NOW, THEREFORE BE IT ORDAINED by the City Council of the City of Wylie, Texas,
SECTION 1. Membership. The City Council may appoint twenty-one (21) members,
whose members mayor may not be registered voters. The City Council shall appoint a Chair 'and
Vice-Chair to lead this committee. The City Manager's office or his designee will serve as the staff
liaison. The City Engineer, City Attorney and Financial Advisor, First Southwest Corporation will
meet with committee as appropriate.
SECTION 2. Meetings. The Citizens Bond Advisory Committee shall meet, at a minimum,
four (4) times, according to a schedule established by the CBAC. All meetings shall conducted in
accordance with the Texas Open Meetings Act.
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SECTION 3. Authority. The Citizens Bond Advisory Committee shall be a recommending
body with no budget or administrative authority. .
SECTION 4. Charge. The Citizens Bond Advisory Committee is charged with the
following:
(a) Discuss and consider a list of water, wastewater, street, drainage and other projects
. including those related to parks and recreation, library, public safety, and city hall
renovations, based on justifications and cost estimates prepared for and requested by
the Committee.
(b) Ensure that the Bond Program is fiscally responsible and maximizes the opportunity
to leverage on-local sources of revenue, adequately address current critical needs and
positions the city for future growth and is beneficial to all sectors throughout the city.
~ attend public meetings as advocates of the process and the product.
(d) make recommendations to the City Council at the March 24, 1999 regular meeting
regarding the total amount of the bond issuance and the specific projects to be
included int he proposition(s) presented to the voters.
(e) the City Council reserves the right to amend or deny any recommendation made by
the committee.
SECTION 5. This Ordinance shall take effect immediately upon its publication and passage
by the City Council of the City of Wylie.
DULY PASSED AND APPROVED this 26 day of January, 1999.
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