On February 15, 2010, the Richardson City Council approved a referendum asking voters whether or not they would support raising taxes $0.06 to finance $66 million in general obligation bonds for a variety of community enhancement, infrastructure improvement and other projects in the city.
The bond package was broken into four propositions for voters to consider. The packages focused on street improvements, parks and recreation facilities, public buildings and neighborhood vitality projects.
The City Council’s goal for moving forward with the election was to offer residents the opportunity to take advantage of historically low interest rates and competitive construction prices being experienced due to a sluggish economy.
The election was held on May 8, 2010, and all four propositions passed with an average 60% approval rating.
Among the most notable projects approved as part of the program are: the construction of a new recreation center at Heights Park and the replacement of the public pool; the replacement of 4.8 miles of alleys in several neighborhoods; the construction of City of Richardson gateway signage at key entry points along major City streets; and the replacement and relocation of Fire Station 4 from Plano Road and East Collins Boulevard to a site adjacent to Huffhines Park, near Plano and Apollo Roads.
Within the next three years, all of the projects will have commenced, and many will be complete.
Bond Program Tracker
Fire Station 4 Animation
Kent Pfiel on AAA Bond Rating
Printable propositions listing
Printable map of propositions
2010 Bond Ratings Statistics City of Richardson
Schedule of Ratings 2010
Richardson Obligation Refunding