Thursday, April 18, 2024

New council members take seats; city confirms AA+ bond rating

Ceremonial oaths of office were conducted for incoming Highland Village council members Michelle Schwolert, Louis Robichaux, John McGee, Fred Busche and Mayor Pat Davis at the city council meeting on Tuesday.

Council member Charlotte Wilcox was elected Mayor Pro Tem and council member Louis Robichaux was elected Deputy Mayor Pro Tem.

City Council approved an ordinance authorizing the issuance of certificates of obligation for refunding $4.9 million of utility bonds and the issuance of debt that includes various street maintenance and parks projects, which will save the city $610,068.

The tandem issuance is for core street construction and drainage projects as well as long identified park enhancements at Unity Park including additional parking and restroom enhancements, according to a press release from the city.

Standard & Poors (S&P) confirmed the city’s current AA+ bond rating for this issue. The strong rating enabled the city to forgo bond insurance, as this rating exceeds that of the insurer.

Council held a public hearing and approved the continuation of the Juvenile Curfew ordinance. The ordinance, enacted in 1995, establishes a juvenile curfew between the hours of 12:00 a.m. and 6:00 a.m. on Friday and Saturday night, and between 11:00 p.m. and 6:00 a.m. on Sunday through Thursday.

The ordinance applies to juveniles 16 years of age and under and allows for certain exemptions, such as while on a direct route to or from a place of employment, emergency errand, etc.

During the City Manager’s report, the HVTV Update invited residents to attend the Red, White & Blue Festival which will take place on Saturday, June 2.  More information is available at www.highlandvillage.org.

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