Page 241 - Watauga FY21 Budget

CIP AND CAPITAL PROJECTS FUNDS

FY2020-21 BUILDING PROJECTS DISCUSSION

™ Description: Fire Station Restroom Renovation Project – This remodel will produce
ten individual restroom/showers to accommodate the fire department staff.

Justification: The current restroom and shower facility is inadequate. The addition of
six new firefighter positions this year made this project a priority this fiscal year. The
remodel will allow each person to shower/decontaminate as soon as an incident is over.

Operating Impact: The project will be funded by the 2020 Certificates of Obligation
proceeds and 2020 Tax Notes.

™ Description: Parks Facility Building Improvements - This project provides for
improvements to the Parks Facility, providing for replacement of the aging pole barn
that houses equipment and vehicles and provides for material bins for storage.

Justification: The pole barn is in need of replacement due to its age and condition of
disrepair. The barn will house parks equipment and provide protection for equipment
and vehicles such as sun damage and severe weather events. The material bins will
provide storage for topsoil, mulch, and rock. The bins will provide protection for loss of
materials from storm runoff. .

Operating Impact: This project will be funded through the 2018 Certificates of
Obligation and the 2020 Certificates of Obligation Proceeds.

FY2020-21 ECONOMIC DEVELOPMENT PROJECTS DISCUSSION

FY2020-2021 INCUBATOR PROJECT

™ Description: Construct an incubator restaurant site that will serve as temporary
location for restaurant entrepreneurs seeking to get a food service business established
prior to the large capital investment required for such businesses. The site is planned to
include a small entertainment stage with associated parking.

Justification: COVID-19 has severely impacted businesses in the area. This project is
designed to spur economic develop activity in the city and surrounding region to help
rebound from the impact. In addition, the private ownership of available parcels has
caused the small restaurant entrepreneurs to seek other options outside of the City due
to cost of real estate. The site will allow for six (6) mobile restaurants to support and
promote economic activity within the City of Watauga with the objective to give
restaurant owners the opportunity to build up a clientele in the Northeast Texas Mid-
Cities area with minimal start-up costs.

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