Halt Transportation Bond expenditures pending Comm. review
Posted: Tue Mar 24, 2015 3:10 pm
Halt Transportation Bond expenditures pending Mobility Committee Review
DRAFT RESOLUTION
WHEREAS, at the election held November 6, 2012, the voters of the City of Austin approved Proposition 12 to authorize $143,295,000 in bonds for the purposes of funding transportation and mobility projects; and
WHEREAS, presently, only 24 percent of that bond revenue has been obligated with 15 percent having actually been expended thus far and 9 percent having been encumbered, leaving about $100 million unexpended; and
WHEREAS, citizens of Austin have time and time again expressed great concern about vehicular traffic congestion in the city and it is within the discretion of the City Council to re-direct the unobligated, unexpended, and unencumbered revenue from the voter-approved bonds to expeditiously address the more immediate transportation and mobility needs of Austin; now, therefore, be it
RESOLVED,
that the City Council directs the City Manager to not obligate any of the unobligated, unexpended, and unencumbered revenue from the voter-approved bonds until after the Mobility Committee of the City Council reviews and recommends their best use to the full council and the full council approves the transportation and mobility projects.
DRAFT RESOLUTION
WHEREAS, at the election held November 6, 2012, the voters of the City of Austin approved Proposition 12 to authorize $143,295,000 in bonds for the purposes of funding transportation and mobility projects; and
WHEREAS, presently, only 24 percent of that bond revenue has been obligated with 15 percent having actually been expended thus far and 9 percent having been encumbered, leaving about $100 million unexpended; and
WHEREAS, citizens of Austin have time and time again expressed great concern about vehicular traffic congestion in the city and it is within the discretion of the City Council to re-direct the unobligated, unexpended, and unencumbered revenue from the voter-approved bonds to expeditiously address the more immediate transportation and mobility needs of Austin; now, therefore, be it
RESOLVED,
that the City Council directs the City Manager to not obligate any of the unobligated, unexpended, and unencumbered revenue from the voter-approved bonds until after the Mobility Committee of the City Council reviews and recommends their best use to the full council and the full council approves the transportation and mobility projects.