Summary

Council approves up to $20.32 million in bonds

LeanderMar 19, 20263 min read

At a glance

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Leander approved issuing up to $20.32 million in General Obligation Refunding Bonds by a 7-0 vote. The council also approved a 45-day suspension of a proposed Atmos Energy rate increase, several annexation and zoning actions, and an affordable housing cooperation agreement.

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Kauffman Loop Planned Unit Development

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City Council

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TransportationBudget & TaxEnvironmentalHousingUtilities

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What this means

The bond authorization allows the city to refinance existing debt, although the minutes do not state the expected savings or final borrowing amount. The 45-day rate suspension delays the proposed gas increase while Leander continues participating in a coalition reviewing the request. The council also advanced development-related annexations and zoning, and approved an agreement supporting an affordable housing development tied to parkland requirements.

Key decisions

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Approved the issuance of City of Leander General Obligation Refunding Bonds, Series 2026, in an amount not to exceed $20,320,000 by a 7-0 vote.
Approved suspending for 45 days the effective date of Atmos Energy Corporation's proposed Gas Reliability Infrastructure Program rate increase by a 7-0 vote.
Approved first readings for the Hero Way Elevated Storage Tank annexation, the 55.152-acre Alexander Tract annexation, and the adjacent CR 267 right-of-way annexation. The Alexander Tract and CR 267 actions passed 6-1.
Approved the first reading of zoning changes for the 55.152-acre tract from Interim SFR-1-B to SFU-2-A and SFC-2-A by a 4-3 vote.
Approved a cooperation agreement addendum addressing parkland dedication requirements for a 7.675-acre affordable housing development by a 5-2 vote.
Approved removal of one Heritage Tree associated with Oak Grove Estates by a 6-1 vote.
Approved a settlement agreement discussed in executive session and authorized related documents by a 7-0 vote.
Approved acquiring properties and easements for the San Gabriel Parkway Phase 3 Project by a 7-0 vote.
Approved a construction change order reducing the San Gabriel East Elevated Storage Tank contract to $7,938,970.33.

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