The City of Nacogdoches Capital Needs Advisory Committee is established as an ad hoc committee created for the purpose of evaluating capital needs of the City and making recommendations to City Council regarding those needs and how to fund them.
The Committee is charged with the following tasks:
A. The Committee will work with City staff and consultants to study a broad category of capital needs and their project costs previously identified and to determine if additional needs or projects should be further developed.
B. The Committee has the authority to recommend by a record vote a slate of capital projects to the City Council for an election to authorize issuance of bonds and other debt instruments to fund the needs or projects.
C. The Committee has the authority to recommend no bond election.
D. The Committee has the authority to make recommendations as to which needs or projects should be financed, thus determining the relative size of a bond and debt issuance.
E. The Committee has the authority to make other recommendations regarding Capital Needs.