The West U City Council will hold a special meeting at 6 p.m. today, to authorize City Manager Michael Ross to advertise the sale of certificates of obligation for financing the relocation and construction of the city’s Public Works Maintenance facilities on Dincans Street.
The council may meet in executive session and has not determined the amount of financing that may be needed to pay for the project, which is part of the city’s long-range plan for Municipal Facilities.
The certificates of obligation also are being issued to fund “the property exchange related costs with the West University Baptist Church.”
Certificates of obligation are a streamlined method of financing used by Texas cities, and do not require voter approval.
The public notice for tonight’s meeting states: “The City proposes to provide for the payment of such Certificates of Obligation from the levy and collection of ad valorem taxes in the City as provided by law, and from a limited pledge of a subordinate lien on the net revenues of the City’s water and sewer system. “
Tonight’s meeting is solely for the purpose of authorizing Ross to advertise the certificates of obligation.
The agenda notes that: “ The City Council intends to consider for passage, an Ordinance authorizing the issuance of City of West University Place, Texas Certificates of Obligation, at a Special City Council Meeting to be held at 6:30 p.m. on May 4.”
The city and the church are involved in negotiations over a property exchange that would allow the church to build a new Youth Center at 3826 Milton, where the public works maintenance facilities are currently located.
The real estate negotiations would clear the way for the city to build a campus of municipal facilities on the so-called “Super Block” between University, Auden, Amherst and College.
Certificates of obligation are a streamlined method of financing used by Texas cities, and do not require voter approval. The public notice for tonight’s meeting states: “The City proposes to provide for the payment of such Certificates of Obligation from the levy and collection of ad valorem taxes in the City as provided by law, and from a limited pledge of a subordinate lien on the net revenues of the City’s water and sewer system. “
In a memorandum explaining the agenda item, the city cites residents’ support for the long-range municipal facilities plan and the related property exchanges with the church.
“On March 23, 2015 the city received the citizen survey report from Dr. Richard Murray, Director, Center for Public Policy, University of Houston. The survey’s primary purpose was to gauge resident support for the creation of a city owned municipal block and the related property exchanges with the West U Baptist Church.Through the survey, the residents signified their support for the City Council’s goal of relocating the Milton Street Public Works Maintenance Facility out of the city center to the city owned property on Dincans. They also support the creation of a city owned municipal block in the block where the city
hall is currently located and the related property exchanges with the Church.”
The memo continues: “ The long range purpose of this municipal block is to provide for the consolidation of the City and the Church owned properties and to give future City Council’s and residents more options when it comes time to rebuild the obsolete city facilities in the city center. This will leave four remaining properties owned by residents within this block and the city will plan to purchase these over time when the current owners are ready to sell.”