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Tomball reviews $30 million debt plan and timelines for major water and wastewater projects
Summary
City staff briefed the Tomball City Council on a five-year capital improvement program, project budgets and a planned $30 million certificate of obligation issuance to fund water and wastewater projects; staff outlined project budgets, timelines and tax-rate implications.
City staff briefed the Tomball City Council at a March 17 workshop on the five-year capital improvement program and a planned $30 million certificate of obligation issuance to finance major water and wastewater projects, staff said.
Jessica, a city staff presenter, said the capital improvement program (CIP) is “the long term plan for major infrastructure projects for the city. It’s a 5 year plan.” She said the city maintains a rolling debt program and that year 1 of the CIP becomes the capital budget for the fiscal year.
The presentation listed 28 active CIP projects and identified four large projects staff emphasized as priorities: the Baker Drive Water Plant ($10,679,000; demo began March 3; construction under way; probable completion late…
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