Foundation for the Future

Foundation for the Future Banner

As the City approaches its centennial anniversary, City Council and staff continue to plan for the future. This will be an ongoing effort that coordinates with the City’s Capital Improvement Plan.

In July 2022, the West University Place City Council took the first step in these efforts by authorizing a Notice of Intent to issue Certificates of Obligation (COs) for the following projects. City Council approved the sale of the COs at its September 26, 2022 meeting. Funding Breakdown Opens in new window

  • New Public Works Maintenance Facility 
  • Buffalo Speedway Construction
  • City Wide Street & Drainage Improvements
  • Cast Iron Water Line Replacement 
  • Milton St Cast Iron Water Line Replacement 
  • New Law Street Water Line to City System
  • Wastewater Treatment Plant Improvements
  • Wakeforest Elevated & Ground Storage Tank Painting

As of Monday, September 19, 2022 - With staff’s hard work and the City qualifying for grants, the Certificates of Obligation (bond sale) amount to fund the major capital projects associated with the Foundation for the Future amount of $61.12M has been reduced to $47.56M.  The City has also received a ‘AAA’ rating, which guarantees that the City will receive the best interest rates possible on the sale.  

For more information about this plan, contact the City Managers' Office via email or by calling 713-662-5812.

A Certificate of Obligation is a bond that municipalities use to fund major capital projects. They work similarly to your home mortgage, through which you finance a large purchase over time.