Bond projects work continues

by | Jan 3, 2019 | Latest

A little more than a year ago, Murphy residents voted in favor of issuing $21.65 million in general obligation bonds earmarked for infrastructure improvements and although progress is steady, completion is not expected until 2021.

Bonds were split into three parts, $15.5 million for streets, $1.74 million for public safety facilities and $4.4 million for parks and recreation.

In February 2018, the city sold $13.07 million in bonds to get projects underway and will sell the remaining $8.57 million of bonds in May or June 2020. The bonds will be repaid in two semi-annual installments through 2038.

Through October 2018, about $2.1 million had been spent; most of that amount to start the design phase on what ultimately will be 52 projects.

 

For the full story, see the Jan. 3 issue or subscribe online.

 

By Joe Reavis • [email protected]

0 Comments

Public Notice - Subscribe

Related News

Author, biblical scholar releases latest book

Author, biblical scholar releases latest book

Wylie author John Hobbs recently released his latest book, “Digging Deep into Scripture.,” which takes an in-depth look at issues such as true discipleship, the nature of the Bible, the Holy Spirit and more. John Hobbs, DMin., a retired math teacher and pastor from...

read more
Dads, daughters dance under the sea

Dads, daughters dance under the sea

A sea of balloons tumble from the ceiling to end the Friday, Jan. 31, Murphy Daddy Daughter Dance. Long blue streamers and fish mobiles decorated the walls of the Murphy Community Center as girls in bright party dresses danced with their dads. Some of the men had...

read more
Local reps begin work in Austin

Local reps begin work in Austin

Collin County lawmakers have begun work in the 89th Texas Legislature with Rep. Candy Noble visiting the Lower Rio Grande Valley and Rep. Jeff Leach meeting with multiple groups, individuals and constituents from across District 67 and the state. “I’m glad that Gov....

read more
Three trustees to be elected in May

Three trustees to be elected in May

At press time, two Collin College Trustees were among four candidates who have filed for the Saturday, May 3, board election. Candidates have until 5 p.m. Friday, Feb. 14, to file for election to six-year terms in Places 4, 5 and 6. Place 5 Trustee Raj Menon of Plano...

read more
Murphy PD makes history

Murphy PD makes history

The Murphy Police Department has received national attention for its achievement in completing a 24-month policy implementation in 4.5 months, Chief Jeff Gibson told the Tuesday, Feb. 4, council meeting.Councilmembers also adopted amendments to the city code,...

read more
Registration open for Backyard BBQ teams

Registration open for Backyard BBQ teams

Barbecue grillers are sharpening their skewers and seasoning their firewood in anticipation of Murphy’s first Backyard BBQ Cook-off. The non-sanctioned competition Saturday, May 10, in Central Park replaces Tunes, Tails and Ales festival that was discontinued because...

read more
Public Hearing at 6 p.m., Tuesday, Feb. 4.

Public Hearing at 6 p.m., Tuesday, Feb. 4.

The Murphy City Council will hold a public hearing and consider and/or act on an Ordinance amending Chapter 30 of the Murphy Code of Ordinances, Section 30.02.153-30.02.154 “Application” and “Notice of Public Hearing” to amend the notification standards, Section...

read more
Public Notice - Subscribe