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Council hears plan to fund Gatewood drainage with certificates of obligation; staff cites capacity limits, moves review to 2026
Summary
City staff proposed using certificates of obligation serviced by the stormwater rate to fund a $6.7 million Gatewood drainage project; staff said funding is available but limited engineering capacity means the project will be reviewed for possible earlier programming in 2026 rather than advanced immediately.
City staff told the Garland City Council on Jan. 21 that the Gatewood drainage improvement is estimated at about $6,700,000 and that the recommended funding source is certificates of obligation to be repaid from the city’s stormwater rate, not from general property tax revenues.
Matt Watson and Crystal (city staff) briefed council on two CIP changes: a staff-initiated $250,000 grant from the State Energy Conservation Office to install energy-efficient lighting in police facilities, and the Gatewood drainage…
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