Page 458 - Southlake FY20 Budget

Financial Policies
Appendix

FInAnCIAL POLICIES

City of Southlake
TIRZ #1 Expenditure Guidelines

• GUIDING PRINCIPLE: Expenditures of TIRZ #1 Funds will support implementation of the Project and Financing Plan.

• Expenditures will comply with statutory provisions.

• Expenditures will support implementation of comprehensive plan recommendations related to:

• Pedestrian connectivity

• Public parks

• Expenditures will support the development of public infrastructure within the zone:

• Streets

• Water

• Waste water

• Storm water

• Parking facilities

• Expenditures will support operations and public space maintenance needs for:

• Southlake Town Hall

• DPS Headquarters

• Public parks and other public spaces

• Infrastructure

• Expenditures will support the following school safety initiatives:

• Improvements to educational facilities within the zone necessary to enhance school safety

• Funding for School Resource Officers serving in facilities located within the Zone

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