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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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