ANNOUNCEMENT: BOND ELECTION FOR STREET PROJECTS

220225 - Street Bond Logo
220308 - Street Deterioration Collage JPEGResidents - On February 18, 2022 the City Council voted to call a Bond Election on May 7, 2022. This Bond Election is on the potential issuance of $10M in Bond debt to pay for Phase 1 and Phase 1A of the City’s Street Maintenance Plan (read below for list of all streets).

The City's biggest cost challenge over the next 20 - 30 years will be road maintenance. Shavano Park, like all cities, is responsible to maintain public roads. Most of the streets the City is responsible for were built before 1980 and are deteriorating. The City is responsible to maintain 20 miles of public streets and has $1.3M dollars saved. The total cost to maintain and repair these streets is in the millions and well above City savings. The City faces a near term problem to repair the streets nearing failure. The City also faces a long-term problem of phasing the street repairs so that we have an affordable and feasible solution. By not addressing the near-term problem, the cumulative long-term problem will become a larger and more expensive project.

220308 - Shavano Drive 3 Year FailureThis Bond Election is for complete reconstruction of the identified residential roads and cul-de-sacs - 12 inches of new road base and asphalt surface. No rough chip surfaces like in 2004, no band-aid asphalt only repairs. Band-aid repairs are not long-term solutions as these roads built in the 1950 - 1970s do not have solid base to put asphalt on. Shavano Drive was re-surfaced in 2019 and already is showing signs of failure due to lack of sufficient road base (see pictures).

Watch the included video to see the completely reconstructed Arrow Mound cul-de-sac completed last year. Arrow Mound’s road reconstruction standards is the proposed road solution in this Bond Election.



Complete Bond Election & Street Maintenance Plan information is available at https://shavanopark.org/streetbond

Questions on this Bond Election or the City’s Street Plans can be submitted at EMAIL contact@shavanopark.org, PHONE : 210.493.3478 or TEXT “Bond” or “Streets” to 210.853.2003

Summary
This Bond Election is Phase 1 & 1A for $10M in funding for (1) complete street reconstruction of Bent Oak, Chimney Rock, Cliffside, End Gate, Fawn, Saddletree, Shavano, Wagon Trail, Windmill, (2) Repaving of Shavano Creek’s Post Oak Way entrance (from Lockhill-Selma), (3) complete street reconstruction of the cul-de-sacs of Elm Spring, Honey Bee, Hunters Branch, Turkey Creek, (4) De Zavala repaving, sidewalks, bike lanes and drainage improvements.

  • Street assessments identified 4 Phases of Street Projects - and prioritized the streets in worst condition for this Phase 1 & Phase 1A. Read about them at shavanopark.org/streetbond
  • A $10M bond would require an additional annual debt payment. That could equate to an increase of about 1 cent in property tax rate towards debt.
  • If there was a $0.01 Tax rate increase to pay debt - All homeowners over 65 have zero tax increase (42% are tax frozen). A homeowner under 65 with an average home value $775,000 may see a $78 tax increase (annual).
  • Street Sales Tax can be used to assist in funding the debt payment.
  • The City projects that commercial properties pay 25% of any debt tax
  • The last debt to pay for street reconstruction in the City was in 2004 - 18 years ago. In last decade, the City has only spent $425,265 on streets (less than $50,000 a year).
  • This project will NOT leave rough road surfaces like in 2004. Streets will be completely reconstructed with 12 full inches of new road material and ribbon curb. No sidewalks or bikelanes (outside of De Zavala), right-of-way acquisition or road width expansion.
  • Since 2010 the City Property tax rate has fallen from 0.324800 to 0.287742. This is almost half of San Antonio rate of 0.55827.
  • A penny tax increase may enable City to fund future road projects
  • Any tax increase would not be used to pay for other service or employee expenses - it would ONLY pay debt to improve streets!
  • Interest rates currently remain at historic lows.  However, on a $10 million bond issuance, the City estimates that a 0.25% change (increase or decrease) in the interest rate results in a $330,000 change (increase or decrease) in total financing costs.