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ADOPTED | BUDGET

                                          Economic Development Capital Projects
                Department                                     Project Title                         Project Number
        Economic Development                           Loop 820 Redevelopment 2016                       ED1602
                                                      Project Description
        With the North Tarrant Express finalized, continued interest from potential businesses bring a need to facilitate high quality uses
        along the south side of the 820 corridor, just east of Rufe Snow.









                                                      Project Justification
         This project will allow the city the ability to attract quality positive full service restaurants to the community.

        Note: FY 18-19 Funding from Economic Development Reserves (140). FY 19-20 Funding from Gas Development Fund Reserves.
















        Project Schedule            Beginning Date   Ending Date        History          Fiscal Year   Amount
        Professional Services                                        Adopted Budget        2015-16      $6,500,000
        Engineering/Design                                           Revision              2018-19       $750,000
        Land/ROW Acquisition                                         Revision              2019-20      $1,500,000
        Construction                                                     Total                          $8,750,000
        Other                            01/2016         09/2022
        Total Schedule                   01/2016         09/2022
        Sources of Funds             Appr. To Date  2021‐22 Budget  2022‐23 Estimate  2023‐Completion  Total Funding
        General Obligation Bonds
        Certificates of Obligation
        Federal/State Grants
        Reserves                        7,435,000             0                0               0        $7,435,000
        Sales Tax
        Other                           1,315,000             0                0               0        $1,315,000
        Total Funding                  $8,750,000            $0               $0              $0        $8,750,000

        Project Costs                  To Date    2021‐22 Budget  2022‐23 Estimate   2023‐Completion    Total Cost
        Professional Services
        Engineering/Design
        Land/ROW Acquisition
        Construction
        Other                           8,750,000              0               0               0         $8,750,000
        Total Costs                    $8,750,000             $0              $0              $0         $8,750,000
        Operating Impact
        None


        Fiscal Year                2020‐21       2021‐22      2022‐23       2023‐24       2024‐25     Total Impact
        Amount                           $0            $0            $0            $0            $0           $0



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