Page 269 - NRH FY20 Approved Capital Budget

Economic Development Capital Projects
Department Project Title Project Number
Economic Development Loop 820 Redevelopment 2016 ED1602
Project Description
With the North Tarrant Express finalized, continued interest from potential businesses bring a need to facilitate high quality uses
along the south side of the 820 corridor, just east of Rufe Snow.

Project Justification
This project will allow the city the ability to attract quality positive full service restaurants to the community.

Note: FY 18-19 Funding from Economic Development Reserves (140).

Project Schedule Beginning Date Ending Date History Fiscal Year Amount
Professional Services Adopted Budget 2015-16 $6,500,000
Engineering/Design Revision 2018-19 $750,000
Land/ROW Acquisition Total $7,250,000
Construction
Other 01/2016 12/2018
Total Schedule 01/2016 12/2018
Sources of Funds To Date 2019-20 Budget 2020-21 Estimate 2021-Completion Total Funding
General Obligation Bonds
Certificates of Obligation
Federal/State Grants
Reserves 5,935,000 0 0 0 $5,935,000
Sales Tax
Other 1,315,000 0 0 0 $1,315,000
Total Funding $7,250,000 $0 $0 $0 $7,250,000
Project Costs To Date 2019-20 Budget 2020-21 Estimate 2021-Completion Total Cost
Professional Services
Engineering/Design
Land/ROW Acquisition
Construction
Other 7,250,000 0 0 0 $7,250,000
Total Costs $7,250,000 $0 $0 $0 $7,250,000
Operating Impact
None

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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