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06.03.2025 Bond Election Committee Meeting PresentationBond Election Committee June 3, 2025 Agenda 1.Pre-tour Public Works Service Center 2.Welcome/Recap 3.Future Meetings a)Committee Recommendations to Town Council -July 22, 2025 b)Council Calls November Election -August 12, 2025 c)Final Meeting After Election is Called –TBD 4.Narrowing of Options 5.Adjourn Debt Service Schedule Bond Capacity Prioritization process based on: •Getting design money issued for the big facility projects •Already designed infrastructure projects •Projected operating costs and the need to phase that in (i.e.Opening both recreation center and library in the same year) •Whether recreation center is bond or public-private-partnership Remember-this is a no tax rate increase election: •Faster than expected A/V growth-projects move up •Slower than expected A/V growth-projects move back Previous Committee Direction At the April 3rd meeting, two Options were developed: Option A –$183,500,000 •Streets -$84,300,000 •Police Facility Expansion -$29,000,000 •Library -$34,200,000 •Recreation Center -$36,000,000 Option B –$175,000,000 •Streets -$84,300,000 •Police Facility Expansion -$29,000,000 •Library -$34,200,000 •Parks Improvements (New parks, park amenities, trails) -$15,200,000 •Silo Renovation -$2,300,000 •Public Works/Parks Facility -$10,000,000 •Public/Private Partnership for Recreation Center Consideration of an Additional Option Since the last meeting, a third option was developed based on community and leadership feedback and the defeat of the Frisco Performing Arts at the May elections: Option C: Total: $183,800,000 •Streets: $84,300,000 •Police: $20,000,000 •Library: $34,200,000 •Public Works/Parks Facility: $10,000,000 •Vote on Rec Center: $33,000,000 -Other option: Allocate $33,000,000 to the various Parks Improvements (Trails, additional parks, courts, playgrounds etc.) •Silo Renovation: $2,300,000 Additional Considerations for Option C Each Quality of Life Item (i.e. non-essential services) includes: •Library •Recreation Center •Silos Should have overwhelming/strong consensus from the Committee to be included in as a referendum item. Permanent Service Center building should also have overwhelming committee support to be put on the ballot.