Page 325 - Southlake FY22 Budget

DEBT SErVICE FUnDS EXPEnDITUrES

general OBligaTiOn deBT Overview

General obligation and certificates of obligation bonds are primarily used to fund the construction of roads, sidewalks
and other types of facilities. Some projects currently under construction that are funded through these types of bonds
are:

• Kirkwood Boulevard Intersection Improvements and Urban Enhancements: The FY 2022 Capital Budget includes
funding for the design and construction of improvements at the intersections of Kirkwood Boulevard/W. Dove
Road, this project will also replace street lights and install landscaping enhancements along the Kirkwood Boulevard
corridor from SH 114 to Dove Road.
• Municipal Service Center and Public Safety Training Tower: The FY 2022 Capital Budget includes funding for the
architectural and engineering design of a Municipal Service Center. The existing facility, located on Continental
Boulevard, was constructed in the 1980’s and purchased by the City of Southlake in 1996. The current building is
inadequate and undersized for the Public Works Department current and future operations. This current facility
houses the streets and drainage, water, wastewater, and environmental services divisions. The new expanded
facility will include these operations in addition to the traffic division and water utilities. In 2020, the City Council
approved the purchase of 12.9 acres located on Brumlow Avenue for this project. The facility is currently under
design, and is planned to include offices, training rooms, locker rooms, water utilities customer service window,
and outdoor bays for heavy equipment. The facility will also include a public safety training tower, funded by the
Crime Control Prevention District, for public safety scenario training.

The schedule at right shows the City’s outstanding general obligation debt, including principal and interest amounts
as well as the bond maturity date.

Municipal Service Center

324 FY 2022 City of Southlake | BUDGET BOOK
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