Police Headquarters - $13 Million
Status as of February 2010
The City of Waco has completed the purchase of the Hillcrest Medical Tower (including the parking garage). The Wallace Group has been selected to provide an architectural and engineering design to renovate the structures(s). It is projected that it will take approximately 30 weeks to complete the design and construction bidding phases of the project. Our earliest estimation of completion for the entire project is mid to late 2011.
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.
