Roads, YMCA funding up for vote
The Greenville City Council voted Tuesday to place two bond measures before local voters on the May 11 election ballot.
One calls for the reconstruction of nine local streets and the other for the construction of a new YMCA/event center project.
If approved, the street bond package would require the issuance of $12.6 million in bonds to pay for rebuilding local roads which city engineers have identified as needing the most work, while $15 million in bonds would go toward paying for the new YMCA/event center.
The road bonds could add 5.13 cents to the city’s property tax rate, while the YMCA/event center could add as much as 7 cents, although organizers of the project say they have received commitments from several entities toward the cost of the facility which could reduce the potential tax burden.
Originally, the Council had considered selling up to $30 million in bonds to pay for work on 13 streets in Greenville. The proposition which will appear on the May 11 ballot calls for rebuilding Stonewall Street between Mockingbird Lane and the Interstate 30 frontage road, Sayle Street between Kari Lane and the frontage road, and Webb Street between Sayle and Wesley Streets during the 2013-2014 fiscal year.
Stonewall Street from Park to Stanford and Wellington Street from Joe Ramsey to Lee Street would be rebuilt during the 2014-2015 fiscal year. Ridgecrest Boulevard from Canton to Sayle Streets, Morgan and Bourland Streets north and west of Carver Elementary School and Live Oak Street from Bonham to Nashville would be rebuilt during the 2015-2026 fiscal year.
The Greenville Chamber of Commerce submitted a position statement, also calling for the reconstruction of Shelby from Enterprise to Montana, which had been considered previously, but was not included on the proposition approved Tuesday.