April 30, 2025
Vote in WCID Bond Election Saturday, May 3, 2025 at Lago Vista High School
7 am to 7 pm
5185 Lohman Ford Rd, Lago Vista
Short Summary WCID Point Venture Click here for complete PPT Presentation
If Bond is Approved by voters
Use Bond proceeds for capital improvement projects allowing repayment over 30 years
Continue with WWTP Construction – estimated complete May 2026
Engineering contract the Augusta Standpipe replacement
Construction contract for Augusta Standpipe replacement
Review 7 other capital improvement project – Priority 1-7
Release Engineering contract by priority 1-7
Estimated complete by 2030
Estimated cos
5185 Lohman Ford Rd, Lago Vistat $13.6M
Existing Property Tax will pay for this bond and excess of $400K-$500K can be returned to residences, avg $400-$500/resident/yr savings
If Bond is NOT Approved by voters
Use Cash for capital improvement projects
Continue with WWTP Construction – estimated complete May 2026 (no impact)
Engineering contract the Augusta Standpipe replacement
Build up cash for Augusta Standpipe replacement, need $6.5M, est. 3-4 years
Construction contract for Augusta Standpipe replacement estimated 2028-2029
Review 7 other capital improvement project
Release Engineering contract by priority 1-7 as cash is available
Estimated complete by 2040, cost +17%/yr delayed
Expected to increase property tax by 7-8% per year for next 3 years, increase $400K-500K or avg $400-$500/resident/yr increase
