A General Obligation Bond is a common type of municipal bond that is secured by a local government’s pledge to use legally available resources, including tax revenues, to repay bond holders. Bonds are generally used for public projects including streets, drainage, sidewalk, building and park improvements. General Obligation Bonds are backed by the full faith and credit of the City.
Creekside Subdivision = 1,932 feetOrgain and Hague area = 334 feetClarks Crossing and Carol Meadows Subdivisions = 1,091 feet
Median age is 33.6 as of 2007 according to this survey
-Strategic Guide has 13 policy statements-Guides Hutto’s growth to 2030-Bolded Policies are directly related to the bond
City of Hutto, TexasBond Election Photo by Boyum Photography
Voter approval demonstrates desire for project
Propositions The issuance of $8,500,000 General Obligation Bonds for Street Improvements. The issuance of $3,000,000 General Obligation Bonds for Fritz Park, Future Parks, Park Facilities, and Open Space Acquisition. The issuance of $5,000,000 General Obligation Bonds for a City/YMCA Recreation Center.
Evans St. to Farley Middle School and Hutto Ray Elementary
Estimated Cost: Design 75,000 Construction 425,000 Other 0 Total 500,000 Anticipated Schedule: Design 2012 Construction 2012
Parks and Park Facilities Park Improvements Estimated Cost Fritz Park Improvements $ 2,300,000 Future Park Facilities & Parkland Acquisitions 1,000,000 Subtotal $ 3,300,000
Parks & Recreation Improvements Overview PROSTMP – Major Goals Goal 1: To develop park facilities to serve the existing, as well as the impending growth of the community. Goal 2: To plan park facilities meeting the projected population growth. Goal 3: To determine potential locations for future parkland Goal 4: To preserve adequate open space for the long-term population growth of Hutto. Goal 5: To plan development of recreational facilities with the health safety and well being of the community as a primary consideration.
Parks & Recreation Improvements Overview PROSTMP - Recommended Actions Revised Parkland Dedication Ordinance (Yr 1)* Develop Hutto Lake Park (Yrs1-3)** Acquire parkland for multiuse sports complex Improve Existing Facilities (Yrs2-4)** Develop 2-4 miles of additional trail (Yrs3-5)** Develop Park for subdivision north of Hutto Elementary (Yrs2-4) *Completed Aug07 **In Progress
Parks & Recreation Improvements Overview PROSTMP - Recommended Actions Develop Community Center & Outdoor Recreational Swim Center (Plan Begin In 3yrs/Open Late 2012) Acquire Parkland in NW Section of Hutto Water Play/Sprayground Facility in NC or SC Section of Hutto Develop 2-4 miles of additional trail Develop acquired Parkland in NW Hutto Expand Sports Complex Facilities
Satisfaction with overall condition of roads in the city – 58% satisfied or very satisfied (22% neutral) Satisfaction with pedestrian mobility – 23% satisfied or very satisfied (28% neutral) Satisfaction with parks and trails – 34% satisfied or very satisfied (35% neutral) Source: City of Hutto