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Bandera staff outlines $7.5 million street‑rehab concept; council weighs EDC partnership
Summary
City staff presented a hypothetical complete in‑place street rehabilitation program estimated at $7.5 million and discussed asking the EDC to fund half; staff modeled a $3.75 million loan over 25 years with an estimated $255,000 annual debt service and a small tax‑rate impact.
City of Bandera staff on July 9 described a concept to rehabilitate most of the city's street inventory using an in‑place process (milling to reuse as base, installing 12‑inch ribbon curbs, compacting and laying hot mix asphalt) and estimated a hypothetical total project cost of about $7.5 million.
Staff said a scenario where the Economic Development Corporation (EDC) funded half and the city borrowed the other half — roughly $3.75 million amortized over 25 years — would produce an estimated annual debt service around $255,000. Staff explained that the modeled debt service equates to only a modest change in the tax rate (staff cited roughly an eleven‑cent impact per $100 valuation in the hypothetical), and emphasized that exact impacts depend on final financing terms and forgiveness levels tied to wastewater project funding cycles.
Council members raised alternatives, including staging work over multiple years and prioritizing critical segments; some members favored the full‑rehab approach as a long‑term cost‑saving measure, while others urged reevaluating the city’s seven‑year street plan and assessing multi‑year budgeting tradeoffs. Staff noted that Maple Street reconstruction is scheduled within the upcoming fiscal cycle and that more detailed financing scenarios will be presented once the wastewater funding picture becomes clearer.
No formal financing authorization or bond resolution was proposed that night; staff presented the estimate to inform CIP decisions and to guide a subsequent joint discussion with the EDC.
