BUDA — At its March 24 meeting, Buda City Council adopted a resolution to create a new bond committee for the upcoming bond cycle. The motion passed 7-0.
The Buda Bond Oversight Committee (BBOC) was created in 2021 to review relevant documents including master plans, community surveys and capital improvement projects, following the passage of Proposition A, which focused on transportation, and Proposition B, pertaining to parks and recreation, that same year. Its goal is to ensure the implementation of bond items is time-sensitive, fair, transparent and high-quality.
It currently consists of 17 appointees, including one representative from the Buda Economic Development Corporation (EDC). With the adopted resolution in place, the existing BBOC will be dissolved once the 2021 general obligation bond cycle is complete. The current members will be eligible for reappointment onto the new committee, said assistant city manager Wendy Smith, who gave a presentation on the subject. There is no limit on the number of three-year terms a member can serve, according to its charter.
