Page 15 - N. Richland Hills Capital Budget

CITY OF NORTH RICHLAND HILLS

October 1, 2020

Honorable Mayor and Members of City
Council City of North Richland Hills
North Richland Hills, Texas

It is my pleasure to submit to you the FY 2020/2021 Capital Projects Budget. The primary purpose of
the Capital Projects Budget is to include funding for major long-life equipment, construction and
renovations of city facilities, public infrastructure and multi-year planning studies.

This budget includes $19,385,361 in capital projects. Some projects stem from City Council mid-year
budget discussions, others were authorized by voters during bond elections and still others were
identified by city departmental evaluations and examinations of needs.

Funding Through Debt Issuance

The Capital Projects Budget includes funding projects with certificates of obligation, including:
 Glenview Drive East Project $ 3,480,000
 Hightower / Davis Traffic Signal $ 390,000
 Iron Horse Boulevard Reconstruction $ 1,825,000
 College Hills Ground Storage Tank Rehabilitation $ 840,000
 Truck & Jetter Replacement (Units 5501 & 5551) $ 305,000

Funding for capital projects does not solely come through the issuance of debt. There are several
proposed new projects that will be funded through sales tax dollars, federal and state grants, reserves,
impact fees, and the sale of current equipment. Below are some of the more significant projects included
in the budget:

 2021 Preventive Street Maintenance Program $ 1,000,000
 Transportation Management Equipment for Traffic Signals $ 195,550
 Automatic Control Valve Replacement for Public Works Utilities $ 135,000
 Richfield Park Tennis/Pickleball Court Replacement $ 265,000
 Automated sorting system for the Library $ 68,400

P.O. Box 82069  North Richland Hills, Texas 76182-0609
4301 City Point Drive  (817) 427-6000  Fax (817) 427-6106

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