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RC Council votes 4-3 to sell bonds to raise funds for overpass

ROYSE CITY – The Royse City City Council voted 4-3 last week to pass a resolution to advertise the City’s intent to sell $535,000 worth of bonds immediately in order to raise the funds necessary for the City’s contribution to build the Erby Campbell Blvd. overpass across I-30, just west of SH 548.

Council members Mayor Jerrell Baley, Janet Nichols, Clay Ellis and Tom Crowley voted for the resolution.  Bill Bell, James Branch and Brooks Williams voted against it.

According to City Manager Bill Shipp, once the project is completed, multiple commercial business opportunities will become possible at the intersection of Erby Campbell and I-30.

He said although the project will cause a slight increase in taxes  – about $6 per year per $100,000 home valuation – but by bringing more businesses to Royse City, future homeowner tax increases will be prevented as sales tax revenue increases.

Shipp said the process of selling the bonds should take about three months. Once the funds are obtained, the project can begin.

TXDOT estimates it will take about 21 months to complete and be finished in about May or June of 2013.

By J.J. Smith, Publisher

 

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