Page 134 - Grapevine FY23 Adopted Budget (1)

F
iscal year 2023 capital expenditures include projects to improve parks, beautify street medians,
enhance streets, and replace fleet vehicles. Funding for capital improvement projects comes
from various sources including debt issuance, operating budgets, and grants.

Five-Year Capital and Operating Expense Estimates
2023 2024 2025 2026 2027
Settlers Park $2,000,000 $7,700 $7,931 $8,169 $8,414
Green Ribbon 6 & 7 $2,041,970 $40,000 $41,200 $41,261 $41,322
Fleet Replacement $5,615,000
Roadway and Traffic $4,900,000
Enhancements

Total $14,556,970 $47,700 $49,131 $49,430 $49,736

Project Name: Settlers Park

Responsible Department: Parks and
Recreation

Location: 1701 State Highway 26

Total five-year estimated cost:
$2,032,214

Description: Settlers Park will be a
regional park focused on outdoor
programming and environmental
education such as fishing, kayaking,
tent camping, and wildlife viewing.
The park is a unique natural oasis in
the midst of urban development.
Located in the northern section of
Grapevine just northwest of SH 26 and
north of Bass Pro Court, the park includes a 15.9-acre land acquisition from Grapevine Equity
Partners, LLC. Of which 6.2 acres is a spring fed pond surrounded by mature wooded areas. With
assistance from Texas Parks & Wildlife Department grant funding, the park will include the
following recreation amenities: concrete trails and trail connections, soft trails, naturalized stream
with waterfall - existing stream to be restored and enhanced, interpretive signage, boardwalks,
pavilion on the lake - educational event deck and wildlife viewing , terraced picnic/seating area,
primitive camping areas, lake overlook, lake fountains - aeration for healthier aquatic life, fishing
pier, kayak/canoe launch, restroom facility.

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