The San Antonio City Council will meet Feb. 16 to approve a final and detailed list of 140 bond-financed projects and set an election for May 12 on $596 million of general obligation bonds.

The proceeds would finance a five-year infrastructure improvement program.

The council approved the overall project list Jan. 12, but the list of downtown streets to be rebuilt under a $40 million program was not specific.

The council will review those efforts next month.

The 2012-2017 capital improvement list includes $337.4 million for 41 street and bridge projects, $128.1 million for drainage work, $66.7 million for parks, and $63.8 million for city facilities and community initiatives.

The bonds would finance a $1.2 million upgrade of Alamo Plaza. Other projects include $15 million for streets in the HemisFair Park area and $15 million of improvements to the park.

The city said approval of the bonds would not require a property tax increase.

San Antonio’s $1.3 billion of outstanding GO debt is rated triple-A by all three major rating agencies.

The project list was developed by a community bond committee during public hearings in fall 2011. The council approved 97% of the projects recommended by the committee.

Voters approved a $550 million GO bond program in 2007. Before then, San Antonio had typically operated smaller bond programs. However, city officials determined that proceeds from several previous $100 million bond efforts were spread too thinly across the 10 council districts.

San Antonio’s debt plan calls for a bond vote every five years.

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