Page 240 - Watauga FY21 Budget

CIP AND CAPITAL PROJECTS FUNDS

™ Description: Park Vista Playground/Sidewalk
Project - This project provides for a playground
and sidewalk in the Park Vista neighborhood.

Justification: The Park Vista Playground will
enhance the neighborhood and provide for
improvement of quality of life. Currently, a
playground does not exist in this neighborhood.

Operating Impact: Minimal impact to the
operating budget is anticipated for playground. The project will be paid for by the 2018
Certificates of Obligation proceeds.

™ Description: Lighting Replacement,
Capp Smith Park – The lighting system
at Capp Smith Park needs to be replaced
due to the age and maintenance costs of
the current system. The Replacement of
Ballard Lights with overhead solar LED
lighting will enhance the safety of the
park.

Justification: These enhancements are
needed to provide for safety and security
of the Capp Smith Park walking trail.

Operating Impact: Certificates of obligation bond proceeds will pay for these projects.
The debt service will be paid for by the I&S portion of the tax rate. The debt service
payment for these projects are anticipated at $70,000 annually. Maintenance and
electricity costs are expected to decrease with the replacement of the lighting system
with solar.

Description: Whites Branch Creek Trail – This project
will widen the remainder of the trail from the low water
crossing to the end of Whites Branch Creek Park. This
project will be coordinated with the City of Ft. Worth.

Justification: Trail improvements provide for quality
of life in the City of Watauga.

Operating Impact: 2018 Certificates of obligation bond
proceeds will pay for this project.

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