In a significant move to enhance local infrastructure, the Leander City Council has proposed the issuance of Certificates of Obligation (COs) not to exceed $132 million. This funding aims to support a variety of critical projects that will directly benefit residents, including the construction of a new fire station, improvements to roadways, sidewalks, and public parks, as well as upgrades to the city’s water and wastewater utility systems.

The flexibility of these COs allows the city to prioritize funding based on project readiness and community impact, rather than being tied to specific categories. This strategic approach ensures that the city can address pressing needs as they arise, maintaining a responsive and effective infrastructure development plan.

Importantly, the council has structured the issuance of these COs to avoid increasing the tax burden on residents. The tax rate will remain stable at approximately 0.417282 per $100 valuation, as approved for fiscal years 2024 and 2025. This careful financial planning means that residents can expect essential services and infrastructure improvements without additional costs.

The council's resolution, which is a necessary legal step, authorizes the publication of a notice of intent to issue these COs. This notice will be posted on the city’s website and published in the Hill Country News, ensuring transparency and compliance with state legal requirements. The timeline for these actions includes the adoption of the notice on July 17, followed by its posting online on July 18, and the first newspaper publication on July 24.

These steps reflect the city’s commitment to responsible and strategic investment in infrastructure, aiming to enhance the quality of life for all Leander residents. As the council moves forward, the community can look forward to improvements that will support growth and development in the area.