Collin County takes steps to issue first bonds approved by voters in November
Collin County is looking to issue its first round of bonds in February totaling $156.46 million.
Commissioners unanimously authorized the sale of these bonds to be used for highways, arterial roads, parks and open space during a meeting Jan. 15.
The majority of the bonds issued will be used for nontolled freeways. Here is how the county plans to spend the $156.46 million:
$100.16 million for freeways, including right of way and the construction of some service roads for the Collin County Outer Loop; right of way for US 380 from the Denton County Line to Coit Road; schematics and environmental studies for Spur 399; and a location and alignment study to relieve Hwy. 78 from President George Bush Turnpike to FM 6;
$8.5 million for thoroughfares, including the right of way for Park Boulevard from FM 2514 to Hwy. 78; a corridor study along FM 546/CR 400 from the McKinney National Airport to CR 458/US 380; and construction along Frontier Parkway from the Dallas North Tollway to Preston Road;
$2 million for parks and open space; and
$45.8 million in facility bonds from 2007 for an adult jail expansion.
In November Collin County voters approved three county bond propositions with 68 percent of voters approving Proposition A for highways, 68.95 percent of voters supporting Proposition B for arterial roads and 71.43 percent of voters supporting Proposition C for parks and open space.
Funding for other projects and later phases for projects included in the $156.46 million will come with future bond sales, Collin County Director of Engineering Clarence Daugherty said.