Page 15 - NRH FY20 Approved Capital Budget
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CITY OF NORTH RICHLAND HILLS


                                                                                                    October 1, 2019




               Honorable Mayor and Members of City
               Council City of North Richland Hills
               North Richland Hills, Texas

               It is my pleasure to submit to you the FY 2019/20 Capital Projects Budget. The primary purpose of the
               Capital Projects Budget is to include funding for major long-life equipment, construction and renovations
               of city facilities, public infrastructure and multi-year planning studies.

               This budget includes $13,804,443 in capital projects. Some projects stem from City Council mid-year
               budget  discussions,  others  were  authorized  by  voters  during  bond  elections  and  still  others  were
               identified by city departmental evaluations and examinations of needs.


               Funding Through Debt Issuance

               Planned debt issuance for FY 2019/20 does not include any funding through general obligation bonds,
               but does include $8,555,000 in certificates of obligation. General obligation bonds are backed by the
               city’s property tax revenues and must be approved by voters. Certificates of obligation do not require
               voter approval; however, there is a lengthy notice and approval process that allows time for citizen input
               prior to issuing the debt. The Capital Projects Budget includes funding 14 projects with certificates of
               obligation, including:

                       Northeast Parkway/Davis Blvd. Traffic Signal                             $     380,000
                       C  a  r  p  e  t     R  e  p  l  a  c  e  m  e  n  t     a  t     t  h  e     L  i  b  r  a  r  y  $        321,000
                       24” Wastewater Main Replacement                                         $  1,255,000
                       Conn Pump Station Pump & Electrical Rehab                               $  1,500,000
                       Miscellaneous Water/Sewer Main Replacements (2020) (UT1903)             $   445,000
                       Small Water Main Replacements (UT1905)                                  $   440,000
                       Ambulance Replacement (Unit 977)                                        $     335,000
                       Backhoe Replacement (Unit 483)                                          $   140,000
                       Backhoe Replacement (Unit 5525)                                         $   140,000
                       Fuel System Enhancements                                                $     163,000
                       Wheel Loader Replacement (Unit 6602)                                    $   220,000
                       Wheel Loader Replacement (Unit 685)                                     $   220,000
                       Iron Horse Golf Course Improvements                                     $  3,000,000

               Funding for capital projects does not solely come through the issuance of debt; there are new projects
               that will be funded through sales tax dollars, federal and state grants, reserves, impact fees, and the
               sale of current equipment.


                                          P.O. Box 82069    North Richland Hills, Texas 76182-0609
                                         4301 City Point Drive  (817) 427-6000  Fax (817) 427-6106



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