State Infrastructure Bank Loans

At a glance

What: Two loans from the Texas Department of Transportation's State Infrastructure Bank totaling $4,401,000, for bicycle and shared-use path projects, with earlier capital-asset-sale money for the local match to be released once the loans arrive.
Where it stands: All four resolutions (items 29 to 32) approved 8-0 on September 29, 2026.
Next: City Manager to execute the loan agreements; each loan is to be repaid over no more than 25 years.

Item 29: $2,547,000 loan, SIB number S2026-015-11, for the Buffalo Soldier Reconstruction and Brown Street Shared Use Path.
Item 30: $1,854,000 loan, SIB number S2026-003-06, for Downtown Bicycle Improvements and the McRae Boulevard Shared Use Path.
Items 31 and 32: rescind, upon receipt of each loan, the July 1, 2024 allocation of capital asset sale proceeds to the local match for these projects, since the loans cover that need. The April 29, 2025 Council resolution had authorized the loan applications.
Public Works Director Rodriguez, Canales and citizen Osmond commented; citizen Mary Holguin signed up to speak on item 32. Motion by Canales, seconded by Fierro, carried 8-0.

Items 29 to 32 approved 8-0.