2023 Bond Election

Font Size: + -

Feedback Print

2023 BOND ELECTION RESULTS

2023 Bond Election Materials

The purpose of this page is to provide educational materials related to the 2023 bond election so voters can be informed before heading to the polls

Haga clic aquí para ver el contenido en español

2023 BOND ELECTION RESULTS

City of Pearland Proposition A Total
For 3,290 65.15%
Against 1,760 34.85%

City of Pearland Proposition B Total
For 3,234 64.20%
Against 1,803 35.80%

City of Pearland Proposition C Total
For 2,580 51.33%
Against 2,446 48.67%

City of Pearland Proposition D Total
For 3,135 62.50%
Against 1,881 37.50%

Bond Propositions

The 2023 bond election will be held on May 6th, 2023 with four separate propositions:

Proposition "A" in the amount of $105,500,000 for drainage improvements
Proposition "B" in the amount of $26,146,000 for street, bridge, and sidewalk improvements
Proposition "C" in the amount of $33,705,000 for park and recreation purposes
Proposition "D" in the amount of $15,959,000 for construction, repair, and improvement of Fire Station No.7

Council Meeting Bond Materials

Voting Information

Click the map to download a PDF map of voting locations and schedule

2023 Bond Election Frequently Asked Questions

What are bonds? How long does it take to pay them off?

Bonds for municipal projects are very similar to a mortgage on a home. To finance construction projects, the city sells bonds to investors who will be paid principal and interest. Payout is limited by law to 40 years. Ad valorem tax bonds are commonly referred to as general obligation, or G.O. bonds. They are issued pursuant to an ordinance adopted by the city council, typically following approval of the bonds at a referendum election.

How do bonds work?

The sale of bonds begins with an election to authorize a specific amount - the maximum the city is allowed to sell, without another election. The city sells them as municipal bonds when funds are needed for capital projects. The interest rate paid is based on the city’s bond rating – the higher the bond rating the lower the interest rate to sell the bonds. Principal and interest on the bonds are pre-paid over an extended period of time, with funds from the debt service tax rate.

How can bond money be used?

Why are bonds used to finance non-facility items?

Selling bonds allows the city to pay for some capital expenditures such as technology, land and buildings with bond money rather than from the general fund. The cost of the purchase can be spread over the life of the asset rather than coming from a single year’s general fund. The city sells bonds that mature at different times, so that expenditures for items with a shorter lifespan are paid off before the purchase becomes obsolete.

What is a bond election?

What is the difference between a bond authorization and bond sales?

If the bond election is successful, does the city immediately incur the debt?

If the bonds are approved, is the city obligated to spend the money?

Will the city be able to sell bonds at a favorable rate?

Paying for Expenditures

What is the difference between the Maintenance & Operations and the Debt Service tax rates?

Bond Projects

Proposition A - $105,500,000
Drainage Improvements Within the City

Veterans Drainage Improvements ($10,980,000) - installation of an underground stormwater conveyance system and replace the roadside ditches to connect to the stormwater system on Walnut Road.

Southwest Quadrant of Old Town (McLean to SH35 south of Broadway) ($10,179,000)- Drainage improvements for the subdivision including removal/replacement of driveways, sidewalks, and driveway culverts, utility adjustments, and regrading of the roadside ditches.

Shady Crest and Creek View Subdivision Drainage Improvement ($14,378,000) - Drainage improvements for the subdivision including removal/replacement of driveways, sidewalks, and driveway culverts, utility adjustments, and regrading of the roadside ditches.

Longwood Park (Roadside Ditch and Culvert) ($4,838,000) - Drainage improvements for the subdivision including removal/replacement of driveways, sidewalks, and driveway culverts, utility adjustments, and regrading of the roadside ditches.

Harkey Road Drainage (Broadway to Mary’s Creek) ($22,868,000) - removal of the existing two-lane asphalt roadway pavement and replacement with a new 4-lane divided boulevard curb and gutter concrete roadway with underground storm sewers.

Pine Hollow Drainage Improvements ($5,530,000) - installation of box culverts, storm pipes, and an additional outfall from Pine Tree Dr. to Mary’s Creek Bypass.

Fite Rd Drainage Improvement (Cullen to Harkey) ($11,581,000) - removal/replacement of driveways, driveway culverts, and the regrading of the roadside ditches.

Hatfield Road Drainage (FM 518 to Hickory Slough) ($4,631,000) - removal/replacement of driveways, driveway culverts, Storm system, inlets, utility adjustment, and regrading of the roadside ditches.

E. Plum Drainage (Old Alvin to Schlieder Dr) ($1,890,000) - removal/replacement of driveways, driveway culverts, storm system, inlets, utility adjustment, and regrading of the roadside ditches.

Isla Dr., N Galveston, Cheryl Dr. Drainage Improvements ($5,414,000) - removal of the existing concrete road, asphalt roadway pavement, roadside ditches, and associated drainage culverts, utility adjustment, and replacement with a City Standard concrete curb and gutter roadway with underground storm sewers.

Fite Road Drainage (Harkey to McLean) ($7,205,000) - removal/replacement of driveways, driveway culverts, and regrading of the roadside ditches.

Wagon Trail Road (South of Fite to Mary’s Creek) ($1,436,000) - removal/replacement of driveways, driveway culverts, and regrading of the roadside ditches.

Tranquility Lakes Detention Pump Station Rehabilitation and Generator ($4,470,000) - Upgrade the existing undersized storm water lift station and force main at Tranquility Lakes Detention.

Shadow Creek Ranch – Ocean Point Ct 100 Year Overflow at Cul-De-Sac ($100,000) - removal of the curb and grading of the area from the end of the cul-de-sac to the Clear Creek Relief ditch.

Proposition B - $26,146,000
Street, Bridge, and Sidewalk Improvements in the City

Hughes Road - Pearland Parkway to City of Pearland City Limit ($10,746,000) - widen the existing 2 lane roadway to a 4-lane boulevard section.

Concrete Sidewalk Gaps and Replacement ($15,400,000) - replace sections of concrete sidewalks that would benefit from complete removal and replacement, within mature sections of the community and to analyze connectivity to adjacent subdivisions and commercial areas.

Proposition C - $33,705,000
Parks and Recreation Purposes

Hickory Slough Sportsplex Phase II ($17,370,000) - addition of six lighted sports fields, a mix of turf and artificial fields, within the expanded detention pond, a pavilion, doubling the size of the parking lot, expanding the restroom and concession facilities, adding a small maintenance building, playground and lighting the remaining three existing fields.

Independence Park Phase II ($16,335,000) - incorporation of the adjacent detention pond as a usable park lake, landscaping, parking, restrooms, irrigation, lighting, internal trails and sidewalk connections, additional electrical service, permanent outlet installation, water spray park (recirculation system), additional playground space, and additional support infrastructure.

Proposition D - $15,959,000
Construction, Repair, and Improvement of Fire Station No. 7

Fire Station #7 - Bailey Road ($15,959,000) - Construction of approximately 14,300 sq. ft. station to house one 4-person Engine Crew and one 2-person EMS Ambulance Crew, and 2 trainees. Station will include a generator, sleeping rooms, restrooms with showers, a kitchen dining area, a dayroom, a Lieutenant office, a station command office, & exercise room.