Page 477 - Southlake FY22 Budget

CAPITAL IMPROVEMENTS PROGRAM (CIP)

PArKS

City of Southlake FY 2022 CIP Project Status Form

McPherson Park

DEPARTMENT: Community Services
PROJECT
LOCATION: McPherson Park

PROJECT TIMELINE: TBD to
DESCRIPTION:
Funding is planned for the design and development of improvements at McPherson
Park within Southlake Town Square as per the adopted Southlake 2035 Parks,
Recreation & Open Space Master Plan. This project would be driven by future Town
Square development adjacent to the Granite office building. Current project scope
includes: park redevelopment, reshaping pond to increase usable space, promenade,
gateway park entry features, hardscape path and seat wall around pond, terraced
steps to the pond, great lawn, crushed stone pathways, stronger connection to the
hotel, water features, feature fountains in pond, sculptures, and enhanced parking and
access to the park.

New Request Continuation Project Partnership
JUSTIFICATION: Mandated / Replacement / Major Community
Design and development of improvements at McPherson Park within Southlake Town Public Health / Rehab or Protection Need / Service
Safety
of Capital Stock
Square as per the adopted Southlake 2035 Parks, Recreation & Open Space Master Enhancement
Plan. 2030/2035 COMPREHENSIVE PLAN? If yes, include ref:

Southlake 2035 Parks, Recreation & Open Space Master Plan
ALTERNATIVES / IMPACTS IF PROJECT IS NOT FUNDED: COMPANION PROJECT? If yes, please explain:
Defer completion of this master plan recommendation. TIRZ #1, SPDC
REVENUE GENERATING? If yes, please explain:
STRATEGIC FOCUS AREA: Quality Development & Infrastructure
PROJECT #: 2022-67c
EXPENDITURE SCHEDULE
CAPITAL PROJECT COSTS TOTAL PRIOR 2022 2023 2024 2025 2026 UNFUNDED TOTAL
PLANNING / FEASIBILITY STUDY 0
ENGINEERING & DESIGN; TESTING 540,000 540,000
LAND & ROW ACQUISITION 0
LANDSCAPING, ART, URBAN DESIGN 0
CONSTRUCTION 3,600,000 3,600,000
CONTINGENCY 360,000 360,000
TOTAL 0 0 0 0 0 0 4,500,000 4,500,000
OPERATIONAL IMPACT
OPERATIONAL PROJECT COSTS TOTAL PRIOR 2022 2023 2024 2025 2026 UNFUNDED TOTAL
MAINTENANCE COSTS 10,000 10,000
PERSONNEL COSTS 0
TOTAL 0 0 0 0 0 0 10,000 10,000
FUNDING SCHEDULE
CAPITAL FUNDING SOURCE TOTAL PRIOR 2022 2023 2024 2025 2026 UNFUNDED TOTAL
GENERAL FUND 0
CEDC 0
CCPD 0
PARK DEDICATION FEE FUND 0
PUBLIC ART FUND 0
ROADWAY IMPACT FEE FUND 0
SANITARY SEWER IMPACT FEE 0
SPDC 2,250,000 2,250,000
STORMWATER UTILITY SYSTEM FUND 0
TIRZ #1 2,250,000 2,250,000
UTILITY FUND 0
WATER IMPACT FEE FUND 0
TOTAL 0 0 0 0 0 0 4,500,000 4,500,000
CCPD: CRIME CONTROL & PREVENTION DISTRICT SPDC: SOUTHLAKE PARKS DEVELOPMENT CORPORATION
CEDC: COMMUNITY ENHANCEMENT & DEVELOPMENT CORPORATION TIRZ #1: TAX INCREMENT REINVESTMENT ZONE #1

476 FY 2022 City of Southlake | BUDGET BOOK
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