The Sherman City Council will consider issuing $20 million in bonds for upcoming street infrastructure projects when it meets at 5 p.m. Monday at City Hall.
The road improvements that will be financed through this bond include work on closing the “gap” on U.S. Highway 75 — the one section of the roadway in Texas that is not to interstate standards. Other projects include work at the intersection of FM 1417 and West Travis, Legacy Boulevard and Moore Street, among others.
Here are three things to know about the meeting:
1. Water bonds
In addition to the street bonds, the city council will discuss two other bonds. The first will total $6.8 million and will allow the city to refinance debt issued in 2008 and 2009. The second bond, valued at $5.7 million, will be through the Greater Texoma Utility Authority and assist in financing improvements to the waste water treatment plant and other water system improvements.
2. Zoning cases
The council will also hear cases that previously went before the city’s planning and zoning commission and board of adjustments in March. These cases include a request related to the construction of an additional service building at Sherman Collision Repair, 1317 S. Sam Rayburn, and proposed apartment complex at 5217 N. Travis. Another request will seek to change 205 and 215 E. Brockett to residential zoning.
3. Economic Development Agreement
The city will also consider entering into an economic development agreement with Berry Companies Inc. related to the redevelopment of the former Haverty’s storefront on Texoma Parkway. The developer plans to open a Bobcat branch at the site.
Michael Hutchins is the local government reporter for the Herald Democrat. Contact him at email@example.com or @mhutchinsHD on Twitter.