2010 Stormwater Improvements Bond

Stormwater Improvements Bond
Election Date: November 2, 2010
Bond Issue: $8.2 Million
Estimated Cost to Property Owners: $5.73 annually (average $150,000 home)

This bond issue provides:

  • design and construction of ten urban storm drainage projects
  • preliminary engineering for urban watershed in the 56th and Morton area
  • stream rehabilitation and waterway work on Parks property
  • design and construction of six projects in master planned basins
  • water quality projects incorporating best management practices
  • preliminary engineering for basin master plans to model drainage and determine future projects

What Will These Projects Do?

The improvements will:

  • help protect neighborhoods and properties from stormwater runoff and flood damage when major rains occur
  • reduce flooding impacts from major stream channels
  • prevent or repair degraded stream channels
  • improve water quality

What is the Impact on Taxpayers?

Approval of the bond issue gives the City the authority to issue general obligation bonds and levy an annual tax rate to finance the projects. Assuming the current interest rates, this bond issue will cost the owner of a $150,000 home about $5.73 per year.

Where are These Projects?

  • Holdrege, 38th to 40 area
  • 50th and Pioneers area
  • 9th and "N" area
  • Fletcher, 57th to 63rd area
  • 48th and Cornhusker highway ditch liner
  • 70th and Yosemite area
  • 27th and Bradfield area
  • Antelope Creek "A" Street culvert enhancement
  • NW 4th and Harvest area
  • 56th and Morton Area preliminary engineering
  • Tyrrell Park
  • Bethany Park
  • Little Salt Creek
  • Stevens Creek
  • Deadmans Run
  • Middle Beal Slough
  • Beal Slough
  • Antelope Creek

Miscellaneous Repairs

  • Rehabilitate 8th and Park, W. Superior (49th to 50th) and other failing drainage systems
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