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CIP Bonds Overview


Capital improvement projects (CIP) refer to physical assets and include the design, purchase, construction, maintenance, or improvement of public resources such as land, buildings, parks, public infrastructure, equipment, and public spaces. The current CIP Program includes public facilities, quality of life, drainage, transportation, water, and sewer. 

  • Bonds: General Obligation Bonds, Certificates of Obligation, Tax Notes, and Revenue Bonds
  • Total bond proceeds of $83,575,000 have been received since 2008 in support of capital projects
  • As of December 31, 2022, $76,054,798 (91%) has been either spent or encumbered
  • All outstanding debt related to CIP totals $59,155,000 and is payable over the next 20 years

Bond Issue

Project

Status

Proceeds

2009 GO Bonds

Public safety facilities

Complete

$6,400,000

2009 GO Bonds

Cibolo Valley Drive

Complete

4,350,000

2011 GO Bonds

Ballfields

Complete

3,300,000

2011 GO Bonds

Town Creek Phase 1

In Construction

5,350,000

2013 GO Bonds

Community Center

Complete

4,800,000

2013 GO Bonds

Town Creek Phase 2

In Construction

3,700,000

     

$27,900,000


Bond Issue

Project

Status

Proceeds

2014 GO Bonds

Fire Station 1 Renovation

Complete

$    825,000

2014 GO Bonds

FM 1103/Main St Intersection

Complete

2,050,000

     

$ 2,875,000

2015 GO Bonds

Haeckerville Road

Complete

$ 2,500,000

2015 GO Bonds

Fire Station 3 (design)

Complete

500,000

2015 GO Bonds

FM 1103 (payment to TxDOT)

Complete

1,000,000

2018 GO Bonds

Fire Station 3

Complete

3,500,000

2019 GO Bonds

FM 1103 (payment to TxDOT)

Complete

6,000,000

     

$13,500,000


Bond Issue

Project

Status

Proceeds

2016 GO Bonds

Borgfeld Road

Complete

$ 3,500,000

       

2019 GO Bonds

Public safety communications

Complete

$450,000

2019 GO Bonds

Public Facilities –

Annex and PW Expansion

Annex – complete

PW expansion – in construction

2,450,000

2019 GO Bonds

Miracle Field

Complete

500,000

2019 GO Bonds

Tolle Park (phase 1)

Master plan complete

250,000

2019 GO Bonds

Tolle Road

Design 95% complete

1,100,000

     

$ 4,750,000


Bond Issue

Project

Status

Proceeds

2012 Revenue bonds

Water/Wastewater Expansion

Complete

$ 8,000,000

2017 Certificates of Obligation

YMCA funded – Community Center and Ballfields

Complete

2,000,000

2019 Certificates of Obligation

Utility relocations

Complete

1,500,000

2019 Certificates of Obligation

Bolton/Santa Clara Road improvements

95% complete

5,000,000

2020 Certificates of Obligation

Road improvements

CVD in construction 75% complete

7,500,000

2022 Tax Note

Equipment

Complete

2,250,000

2023 Certificates of Obligation

City Hall HVAC, PW expansion, Fire Pumper and police vehicles, Design for public safety facility at IH10

In Design

4,800,000

     

$ 31,050,000