Final version of Council Priorities: https://www.bellairetx.gov/DocumentCenter/View/18482/Council-Priorities—Adopted-61818?bidId=
Find it here: Council Priorities 2018-06-18. Take a look at the overview – the Chevron property; the costs to the city from Hurricane Harvey – $3.5 million, much of that will be reimbursed by FEMA and the Texas Municipal League, but a recent financial report estimated the City’s non-reimbursable loss at around $621,000. Increase in water rates by 2022; a strange report: as the City receives more accurate data on water usage rates will reduce, but because of new debt the City may have to increase rates (packet page 458); mention of a $315,000 funding for a flood study; items to postpone were shown to Council in a separate document; there may be another citizen survey. Assumption of another bond issue in 2019 for $48.5 million. When all the 2016 bonds are issues our outstanding debt will be $139.8 million. Principal only. Currently the debt service each year is about $9 million.
Email the Mayor and City Council via our City Clerk, Tracy Dutton at firstname.lastname@example.org. Ask her to forward your email to the Council.
City of Bellaire – Current Debt Report as of September 30, 2017 – right at $140 million when all bonds currently approved are issued; per the proposed FY2019 budget, by September 30, 2018 the projected amount of bonds outstanding will be $129.8 million.