Page 303 - Southlake FY20 Budget

Debt Service Funds Expenditures

General Obligation Debt Overview

General obligation and certificates of obligation bonds are primarily used to fund the construction of roads, sidewalks
and other types of facilities. Some projects currently under construction that are funded through these types of bonds
are:

• Kirkwood Boulevard (Stockton to Tyler): The west half of Kirkwood Boulevard from Stockton Drive to the north
end of Tyler street was constructed. Approximately 2,000 linear feet of new reinforce concrete pavement was
constructed. The primary components of the project were two lanes of roadway, left turn lanes at intersections,
installation of a new storm sewer system, water and sanitary sewer adjustments, sidewalks, street lighting
foundations and conduit, landscaping, irrigation and pavement markings. (see photos below)

• North White Chapel: The City is reconstructing White Chapel Boulevard as a four lane divided arterial with
reinforced concrete pavement, curb and gutter and storm sewer system from State Highway 114 to East Highland
Street and the intersection at White Chapel Boulevard at East Highland Street. A two lane roundabout will be
constructed at this location. Standard sidewalks will be included along the west side of the roadway along with the
replacement and relocation of an existing 12 inch water main. (see photos below)

The schedule at right shows the City’s outstanding general obligation debt, including principal and interest amounts
as well as the bond maturity date.

North White Chapel Boulevard

North White Chapel Boulevard

Kirkwood Boulevard

North White Chapel Boulevard
Kirkwood Boulevard
302 www.CityofSouthlake.com