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Burleson council amends five-year CIP and authorizes notice of intent to issue certificates of obligation
Summary
Council unanimously approved amendments to the FY2025–2029 capital improvement plan—adding projects, adjusting timing and reallocating funding—and approved publication of a notice of intent to issue certificates of obligation, with staff explaining parameter-ordinance options amid volatile markets.
The Burleson City Council on June 16 approved a staff-recommended amendment to the five-year Capital Improvement Plan covering fiscal years 2025–2029 and heard staff analysis of next steps to issue certificates of obligation (COs) to fund those projects.
Deputy City Manager Eric Oskarsen presented an amended CIP that, according to staff, shifts allocations to reflect council direction earlier in the year, moves equipment previously funded from the equipment replacement fund into the capital program, increases water- and sewer-line rehabilitation spending, and adds a natatorium and indoor play structure at Russell Farms. Oskarsen said the total amended FY2025 program is “approximately $67,000,000 in total projects.”
Following the CIP discussion, Deputy City Manager Harlan Jefferson explained the debt-issuance sequence: council approved publishing a notice of intent to issue combination tax-and-revenue COs and staff described a parameters-ordinance option that would set maximum principal, interest-rate and term limits and delegate limited sale authority to staff should market conditions favor immediate issuance. Jefferson said staff plans to bring an ordinance authorizing issuance on Aug. 4 and that bond proceeds would be received later in August if schedules hold.
Councilors asked several technical questions about project timing and bond mechanics, including a question about whether the parameters ordinance would be an annual or one-time authorization; staff responded that parameters ordinances are typically a one-time action and would be revisited only if needed. Council directed staff to return with the parameters ordinance and voted unanimously to approve the CIP amendment and the notice-of-intent resolution.
The CIP and the notice-of-intent together set the city on a path to issue debt for public-safety facilities, water and sewer projects, streets work and other capital investments described in the packet; exact issuance amounts and final interest/timing will be finalized in staff reports and the August ordinance.
