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ADOPTED | BUDGET


          As of October 2020 the City has issued all but $425,000 for projects approved in the 1994 bond
          election: $19.6 million in street bonds, $1.9 million of drainage bonds, and $1.7 million in public
          safety bonds.

          2003 Bond Election Program

          In fiscal year 2002, City Council appointed a Citizens Capital Improvements Study Committee to
          evaluate major capital project needs for the City over the following seven to ten years.  The
          Committee evaluated and prioritized streets, drainage, and facility improvements that would
          benefit the citizens of North Richland Hills.  City management and staff analyzed the financial
          impact of the capital improvements program.  The analysis included factors such as existing debt
          service obligations, the issuance of the remaining 1994 bond authorization, estimates of future
          property value growth, and impact on future operations.


          The results of the analysis were based on conservative estimates of future property value growth
          and the scheduled retirement of existing debt.  The analysis indicated that the 2003 debt tax rate
          of $0.24 per hundred dollar valuation would support over $40 million of debt service through the
          year 2010.  The committee identified $38.2 million (over $30 million for street improvements alone)
          in projects needed to improve the infrastructure and provide essential services to the citizens of
          North Richland Hills. The committee presented the project list to City Council who called a bond
          election for February 1, 2003. The referendum consisted of five separate propositions including
          twenty-two street projects (arterial, collector, and residential streets), two drainage projects, and
          five municipal facilities projects.


          All of the propositions, except for the proposed authorization of $1 million in general obligation
          bonds for Maintenance Service Center improvements, were approved by the voters, and are now
          a part of the long-range financial plan of the City. The propositions are presented in the following
          table (in thousands of dollars):




                                            Amount        Amount Issued          2022         Authorized
                                          Authorized      Through 2021           Issue        Un-issued
          Streets                             $30,010            $30,010                 $0            $0
          Drainage                               4,000              4,000                0               0
          Public Safety Facilities               1,900              1,900                0               0
          Animal Rescue
             Center Expansion                    1,300              1,300                0               0
                               Totals:        $37,210            $37,210                $0             $0



          *Note: Figures reported in $1,000 (thousands).
          Approved street projects included eight arterial streets, six collector streets, and eight residential
          streets. Some of the major street projects were: Rufe Snow Drive, North Tarrant Parkway,
          Glenview Drive, and Grapevine Highway.  The two drainage projects were Holiday West Channel
          and Meadowview Estates Channel.  Approved facilities projects were: Fire Training Facility
          expansion and upgrade, Fire Stations #2 and #3 upgrades, Public Safety Facility upgrade, and the
          Animal Adoption and Rescue Center expansion. As part of the fall 2020 bond sale staff issued the
          remaining authorized balance of $3,860,000 for the Glenview Drive East Project (ST2006).


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