Page 177 - Saginaw FY22 Adopted Annual Budget

CITY OF SAGINAW
CAPITAL PROJECTS FUND OVERVIEW

2021-2022

The City of Saginaw's Capital Projects Fund accounts for the acquisition and/or construction
of capital facilities and serves as a component of the City's long range plan. Maintaining and
upgrading infrastructure in a fiscally conservative manner that seeks to minimize debt funding
by seeking alternative sources of financing perfectly aligns with the City's long term strategic
goals.

In 2016 our City Engineers, Kimley-Horn and Associates, completed a Comprehensive
Master Plan Update (Master Plan) and Capital Improvements Plan (CIP). The Master Plan
and CIP for the years 2016-2021 was approved the City Council on July 19, 2016.

These plans provide a statement about our community's growth patterns, the general
distribution and location of land use, a detailed thoroughfare plan and other general
guidelines for various plan elements. The Plan provides a written consensus to guide future
growth and development while allowing flexibility to respond to new ideas and direction as
the City progresses, changes, and grows.

The 2016 Master Plan and CIP theme is Preparing for Build-out . The City prepared for the
growth projected in the 1990's by constructing infrastructure to meet the demand. As the
City approaches build-out, the new plan focuses on completing infrastructure to support
development, rehabilitating aging infrastructure, and maintaining existing infrastructure.

The basis for long range planning is population growth. Prior to the economic downturn,
Saginaw was one of the fastest growing cities in all of Tarrant County. The growth rate has
resumed in recent years with a population increase of 27% since the 2010 census. Based
on available land and current densities, Saginaw is expected to reach its build out population
of 33,000 in 2030. The City has achieved approximately 75% of build out.

The plan presents findings and recommendations for implementing a plan to meet the
infrastructure needs over the next five years and beyond. The plan addresses the following
key components:

Streets and Thoroughfare Plan
Community Facilities
Water Distribution System
Wastewater Collection System
Drainage

The 2021 Bond Program was approved by Saginaw voters on May 1, 2021. The propostions
include funding for Street and Roadway improvements, a new Senior Citizens Center, and a
new Library. Bonds were issued in August 2021 for the first phase of Knowles Drive and for
design of the Senior Center and the Library.

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