Bond Program 2015

96.7 Million Dollar Bond Proposition BreakdownBrief Overview

The following is a brief overview of City Bond Projects. You can find more detailed project information on many of these on our City Projects Updates page.

In November 2015, voters authorized a total of $96,700,000 in bond funds for:

  • Proposition 1 (Streets)
  • Proposition 2 (Public Safety)
  • Proposition 3 (Library)
  • Proposition 4 (Parks)

Bond projects are prioritized and funded based on debt financing capacity, project management phasing and availability of financial partners. The 2015 Bond Program was planned as a seven-year program with three issuances (take downs) scheduled. During the creation of this bond program, the project schedule was designed to manage bond project capital costs so that they will not impact the debt portion of the City's tax rate.

Take-Downs

The first take-down was in summer of 2016, when the City issued $30,245,000 of these voter-approved bond funds for Proposition 1 (Streets) and Proposition 2 (Public Safety). The second takedown was in Fall of 2018, when the City issued $35,123,000 for a total of $65,368,000. The third and final takedown of the remaining bond funds of $31,332,000 was in 2020.

Bond Categories & Project Updates

  1. Streets & Roads
  • 74.76% of vote
  • $63,000,000

These bonds provide funding for land acquisition, design, engineering, construction and other costs associated with road projects. Potential road projects may include but are not limited to New Hope Road construction from Cottonwood Creek Trail to Ronald Reagan Boulevard, Anderson Mill Road from Cypress Creek Road to Zeppelin Road and from Ranch to Market Road (RM) 1431 to the county line, the design and right-of-way acquisition for RM 1431 (Whitestone Boulevard) from Bagdad Road to Anderson Mill Road, and costs associated with the redevelopment of Bell Boulevard, otherwise known as the Bell Boulevard District Project.

A total of $52,695,000 has been issued out of the voter-authorized $63,000,000 for Proposition 1 (Streets). Projects that are substantially complete or are underway within these issued funds include:

  • New Hope Drive (Cottonwood Creek to Ronald Reagan Boulevard) - construction is complete, ribbon was cut in June 2019
  • Arrow Point Extension - construction is complete
  • Arterial Overlay - construction is complete
  • Bell Boulevard Redevelopment Project Phase One. The Bell Boulevard (US 183) Realignment Project will return the current Bell Boulevard (U.S. Highway (U.S.) 183) roadway east onto the full extent of Old Highway 183, from Cypress Creek Road to Cedar Park Drive in Cedar Park. Currently, Old Highway 183 is a two-lane roadway parallel to Bell Boulevard (U.S. 183), running generally north and south. Bell Boulevard will be realigned and relocated to the Old Highway 183 alignment and reconstructed to a four-lane divided roadway that includes a raised median with turn lanes at intersections and driveways
    • The Texas Department of Transportation (TxDOT) marked the project complete and released this portion of roadway to the City in December 2021
  • New Hope Drive from Ronald Reagan Boulevard to Sam Bass Road - construction expected to begin fall 2022 with estimated completion in spring 2024
  • Anderson Mill Road Phase II. Four-lane roadway between Cypress Creek Road and Zeppelin Drive and from Gaspar Bend to RM 1431 - design is complete, but construction has been deferred
  • County Road 272/Krienke Ranch Road Creek Crossing - completed Spring 2021
  • RM 1431 (Bagdad to Anderson Mill Road) - design funded and began April 2022
  • Brushy Creek Road (Arrowhead to Ranch Trail) - improvements and widening. Project deferred
  • Toro Grande South Extension (Whitestone to Parmer) - design is funded
  1. Public Safety
  1. Public Library
  1. Parks & Recreation

How the Bond Package Was Developed

In 2015, the Cedar Park City Council appointed a 15-member Bond Advisory Task Force made up of community members. The Task Force had the charge of reviewing capital improvement projects, which were primarily taken from existing master plans, and preparing an overall recommendation package comprised of four categories to be considered for a General Obligation bond election.

During the process, the Task Force studied the City's various capital needs and considered long-range strategic plans related to City services and infrastructure. The Task Force engaged with the public throughout the process before finalizing its list of recommendations. View the 2015 Bond Advisory Task Force Summary Report (PDF).

History of Bond Program

Election results were made official on November 16, 2015, when Cedar Park City Council canvassed the votes in a Special-Called City Council Meeting. Visit the November 3, 2015 Special-Called Election page to see the official election results.

Some projects could begin soon; others are others are more long-term. The City planned for a five-to-seven year period for issuance of the bonds.

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