Library Services - $12 Million
Bid opening for West Waco Branch Library renovations in late August 2009, with council awarding the construction contract in October. Construction tentatively scheduled to begin in November for approximately six months. Project completion set for Spring 2010.
Would begin work at the Central Library in Summer 2010 taking approximately 14 months.
Background on the Bond Election
On May 12, 2007, citizens of Waco approved the six bond propositions listed below totaling $63 million. Due to favorable market pricing and the city's excellent bond and financial reputation, the bonds were purchased at a low 4.615326%.
Each of the six projects are accounted for in separate capital project funds. As these projects develop, these designated funds (plus interest earned) will be used exclusively for the bond projects as voted by citizens.
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