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Resolution 94-35 RESOLUTION NO. Cj ( I ; ~? ": -- A RESOLUTION OF THE CITY OF WYLIE, TEXAS, ADOPTING THE RECOMMENDATIONS OF THE CITIZENS BOND ADVISORY COMMITTEE REGARDING THE TOTAL VALUE, SPECIFIC PROJECTS, AND COMPOSITION OF PROPOSITIONS FOR THE FEBRUARY 18, 1995 BOND PROGRAM, AND STRATEGIES FOR EDUCATING THE VOTERS REGARDING 1995 BOND PROGRAM. WHEREAS, the City Council has indicated it's intent to hold a bond election in February 1995; and, WHEREAS, it is the intent of the city council to create a process that involves citizens in a genuine way, fosters a better understanding of issues among diverse groups and interests, and sets forth a direction for the city's future; and, WHEREAS, a Citizens Bond Advisory Committee (CBAC) was created, and is comprised of 20 Wylie residents, representing different groups and interests, and having been selected from various neighborhoods (subdivisions) throughout the city; and, WHEREAS, the CBAC was charged with the responsibility of developing recommendations regarding the total value, specific projects, and composition of propositions in the 1995 Bond Program and to submit these recommendations to the City Council no later than December 13, 1994; and, WHEREAS, the CBAC endorses the validity and credibility of information regarding the condition of the city's streets, water, and wastewater systems presented by the City Engineer; and, WHEREAS, the CBAC supports programs to increase citizen awareness and understanding of bond related issues and efforts to increase voter turnout; and, WHEREAS, the CBAC believes that passage of the bond program is vital to providing a higher level of service to current residents, as well as necessary to ensure quality level of services for future residential and commercial residents; and, WHEREAS, the CBAC believes that passage of the bond program is dependent upon the city council's unanimous and positive endorsement of the CBAC recommendations and the city council's active involvement in the promotion and marketing of the bond program; and, WHEREAS, the CBAC was presented with financial impact information and understands to debt service $3 million worth of street projects the tax rate would increase three and one-half cents over the next three years (FY 96 - FY 98), and to issue $4 million in debt for water and wastewater projects the water rate to a residential customer consuming 8000 gallons would increase approximately $2.45 and to a commercial customer consuming 8,000 gallons would increase approximately $3.43 per month; and there will be no wastewater rate adjustment; and, WHEREAS, the CBAC will present a detailed public information marketing program in January . NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS, that the following recommendations made by the Citizens Bond Advisory Committee are accepted: Section 1. The total amount of the bond program is $7 million, which would include $4 million for water and wastewater improvements and $3 million for street improvements. Section 2. The projects intended to be funded with the bonds are included in the attachment titled "Bond Program Summaries and Displays". Section 3. The Bond Program will be separated into two propositions: Streets; Water and Sewer. DULY PASSED AND APPROVED by the Wylie City Council of the City of Wylie on this the 13th day of December, 1994. h[~-f1~~ 17 ~ f ~ '~_. ) P' , I IJ