BY KEVIN CUMMINGS & CONNOR PITTMAN
Council denies permit for private school Christian private school Coram Deo Academy will have to continue looking for a permanent home for its Dallas campus after its request for a special permit to relocate to Richardson was denied. City Council denied the school’s plans to renovate the Binnerri Presbyterian Church, located at 1301 Abrams Road, into a pre-K through 12th grade academy for up to nearly 800 students at its April 22 meeting. What happened Much of the discussion surrounding the denial had to do with concerns about increased traffic, limiting the use and desir- ability of future developments in the area, and the potential of the school drawing students aways from Richardson ISD.
Council issues $88.5M in bonds to cover projects Bonds for the city of Richardson that will be used to finance several projects have been sold, according to a report given to Richardson City Council during its April 22 meeting. In total, the city issued more than $88.5 million in general obligation and certificate of obligation bonds, according to a news release. The overview Combined, the about $88.5 million in debt will be issued to cover several projects, including library renovations, water and sewer infrastruc- ture needs, purchasing various city vehicles, and constructing a new City Hall. In addition to the bond sale, Nick Bulaich, a representative with the city’s financial advisor Hilltop Securities, affirmed the city maintained its AAA ratings with credit rating agencies Standard and Poor’s and Moody’s.
Breakdown of debt Richardson City Council approved the sale of $88.5 million in bonds for a variety of projects during its April 22 meeting.
Certificate of obligation bonds: $21 million
General obligation bonds: $67.5 million
Total: $88.5M
Planned expenditures
Construction of a new City Hall
Library renovations
Purchase of various city vehicles
Water and sewer infrastructure needs
SOURCE: CITY OF RICHARDSON/COMMUNITY IMPACT
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RICHARDSON EDITION
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