AGENDA CAPTION:
Title
Consider approval of Resolution 2022-108R, authorizing proceeding with issuance of certificates of obligation and further directing the publication of notice of intention to issue City of San Marcos, Texas Combination Tax and Surplus Revenue Certificates of Obligation for certain drainage flood control improvements and related acquisition of land in an amount not to exceed $1,200,000.00
Body
Meeting date: May 17, 2022
Department: Finance-Anna Miranda, Interim Finance Director
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: Briarwood And River Ridge Improvement project approved by City Council in FY21 Capital Improvement Program.
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Background Information:
In October 2021, the City of San Marcos submitted application for financial assistance from the Flood Infrastructure Fund under the Texas Water Development Board (TWDB) for Briarwood and River Ridge Improvement project. This drainage project will reduce flood risk in the Briarwood subdivision and add additional runoff conveyance capacity by constructing a new channel, detention pond, and stormwater drainage system. Two additional lots north of the pond will be constructed with culverts for additional detention.
On March 3, 2022, TWDB approved financial assistance in...
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