Page 275 - NRH FY20 Approved Capital Budget

Economic Development Capital Projects
Department Project Title Project Number
Economic Development TIF 1 Expansion - Intersection Improvements/Utility Burial ED0601
Project Description
This project will consist of making improvements at Boulevard 26 & Glenview and burying approximately one half mile of above
ground utilities located along Boulevard 26 between Glenview Drive and Parchman Street. This project represents a portion of an
overall branding and marketing communication strategy planned for Boulevard 26 South of Loop 820. The aesthetic improvements
include landscaping and streetscaping improvements approved by the Richland Hills and North Richland Hills Oversight Committee.
This is a cooperative effort between the Public Works Department, Planning & Inspections Department and Economic Development.

Project Justification
This intersection improvement is recommended as part of the South Grapevine Corridor Highway Study to stimulate private
development within this corridor. The City's source of funding comes from Certificates of Obligation as part of the TIF 1 expansion
effort. Burying of utilities along the NRH side of Boulevard 26 is part of the TIF#1 expansion efforts as approved by the City and all
taxing entities.

Note: The "Other" dates listed in the Project Schedule is the time line for TxDOT review and approval.
Funding source is Certificates of Obligation.

Project Schedule Beginning Date Ending Date History Fiscal Year Amount
Professional Services Adopted Budget 2005-06 $450,000
Engineering/Design 05/2006 08/2015 Revision 2008-09 $3,050,000
Land/ROW Acquisition Revision 2011-12 ($500,000)
Construction 06/2017 08/2019 Total $3,000,000
Other
Total Schedule 05/2006 08/2019
Sources of Funds To Date 2019-20 Budget 2020-21 Estimate 2021-Completion Total Funding
General Obligation Bonds
Certificates of Obligation 3,000,000 0 0 0 $3,000,000
Federal/State Grants
Reserves
Sales Tax
Other
Total Funding $3,000,000 $0 $0 $0 $3,000,000
Project Costs To Date 2019-20 Budget 2020-21 Estimate 2021-Completion Total Cost
Professional Services 100,000 0 0 0 $100,000
Engineering/Design 450,000 0 0 0 $450,000
Land/ROW Acquisition 250,000 0 0 0 $250,000
Construction 2,200,000 0 0 0 $2,200,000
Other
Total Costs $3,000,000 $0 $0 $0 $3,000,000
Operating Impact
Minimal operating impact is anticipated.

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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