Police Headquarters - $13 Million
The purchase of the former Hillcrest Medical Tower and parking garage was completed and the architectural, engineering design and construction bidding phases of the project are underway with an estimated completion date of late 2012.
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.
