The Bellaire City Council, City Manager, and City staff discussed the possibility of another bond issue in 2019. The amount proposed by City staff is $47 million. A second bond issue in 2022 was also mentioned, at this point it would be an additional $36 million. The October 22, 2018 meeting is available on Facebook at https://www.facebook.com/130591610318041/videos/vb.130591610318041/161458321464810/?type=2&theater
The agenda and packet shown to Council, all 171 pages, can be viewed here: 2018-10-22 Mayor and Council – Bond-Issue_Session
Please follow this closely on the next several months. Our current debt stands at $124,850,000.
The anticipated 2019 debt service (principal and interest) is $9.4 million. The 2019 adopted City budget is available here: FY 2019 Adopted Budget