Page 291 - City of Watauga FY22 Adopted Budget

CIP AND CAPITAL PROJECTS FUNDS

Justification: The pole barn is in need of replacement due to its age and condition of
disrepair. The barn will house parks equipment and provide protection for equipment
and vehicles such as sun damage and severe weather events. The material bins will
provide storage for topsoil, mulch, and rock. The bins will provide protection for loss of
materials from storm runoff.

Operating Impact: This project will be funded through the 2018 Certificates of Obligation
and the 2020 Certificates of Obligation Proceeds.

FY2021-2022 ECONOMIC DEVELOPMENT PROJECTS DISCUSSION

FY2021-2022 FOOD BUSINESS PARK PROJECT- $456,000

❖ Description: The City applied for an EDA grant last year to assist with a restaurant
incubator project. Unfortunately, this was not granted, resulting in a rework of the
concept. Instead, the EDC will construct a food business park at Capp Smith Park. The
site is planned to include a small entertainment stage with associated parking.

Justification: COVID-19 has severely impacted businesses in the area. This project is
designed to spur economic develop activity in the city and surrounding region to help
rebound from the impact. In addition, the private ownership of available parcels has
caused the small restaurant entrepreneurs to seek other options outside of the City due
to cost of real estate. The site will allow for mobile restaurants to support and promote
economic activity within the City of Watauga with the objective to give restaurant owners
the opportunity to build up a clientele in the Northeast Texas Mid-Cities area with minimal
start-up costs.

Operating Impact: Funds will be provided by the 2020 Certificates of Obligation
proceeds. The City anticipates the maintenance of the food business park to be
approximately $3,000 per year after completion.

FY2021-22 STREETS/SIDEWALKS DISCUSSION

FY2021-2022 STREET OVERLAY

❖ Description: This project provides for the curb and gutter,
subgrade, milling and asphalt overlay for 7-8 streets
annually.

Justification: The existing asphalt pavement for certain
streets is deteriorating. The asphalt overlay will provide an
improved riding surface and will extend the life of the
roadways and will enhance the appearance of the streets.

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