Page 183 - NRH FY20 Approved Capital Budget

Parks & Recreation Capital Projects
Department Project Title Project Number
Parks and Recreation Green Valley Raceway Historical Area PK1801
Project Description
This project provides for the design and construction of an historical plaza adjacent to North Tarrant Parkway, east of Smithfield
Road where the John Barfield Trail meanders through what once was the Green Valley Raceway. Proposed amenities include an
attractive pedestrian and bicycle plaza with benches, trash receptacles and signage with information and photographs that celebrate
the rich history of a bygone era in North Richland Hills.

Project Justification
The Green Valley Raceway was a motorsports race track located in the area between North Tarrant Parkway and Green Valley
Drive, immediately east of Smithfield Road. The race track opened in 1963 and was used for over 20 years as a permanent road
course and drag strip until it closed on 1984. Remnants of the parking lot and drag strip still exist in this area. The story of the Green
Valley Raceway is a reminder that North Richland Hills has a unique past that can be enjoyed by current and future generations.

Note: Source of funds is $30,000 from Park Sales Tax, $50,000 from a donation (funding source shown as "other"), and $30,717
transfer (source shown as "reserves") from the Barfield Family Foundation Grant Program (PK1701).

Project Schedule Beginning Date Ending Date History Fiscal Year Amount
Professional Services Adopted Budget 2017-18 $30,000
Engineering/Design 09/2017 02/2020 Revision 2018-19 $30,717
Land/ROW Acquisition Proposed 2019-20 $50,000
Construction 03/2019 12/2020 Total $110,717
Other
Total Schedule 09/2017 12/2020
Sources of Funds To Date 2019-20 Budget 2020-21 Estimate 2021-Completion Total Funding
General Obligation Bonds
Certificates of Obligation
Federal/State Grants
R e s e r v e s 3 0 , 7 1 7 0 0 0 $30,717
S a l e s T a x 3 0 , 0 0 0 0 0 0 $30,000
Other 0 50,000 0 0 $50,000
Total Funding $60,717 $50,000 $0 $0 $110,717
Project Costs To Date 2019-20 Budget 2020-21 Estimate 2021-Completion Total Cost
Professional Services
Engineering/Design
Land/ROW Acquisition
Construction 60,717 50,000 0 0 $110,717
Other
Total Costs $60,717 $50,000 $0 $0 $110,717
Operating Impact
There is no operating impact as a result of this project.

Fiscal Year 2019-20 2020-21 2021-22 2022-23 2023-24 Total Impact
Amount $0 $0 $0 $0 $0 $0
Total Operating Impact $0 $0 $0 $0 $0 $0

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