Page 287 - Watauga FY22-23 Budget

CIP AND CAPITAL PROJECTS FUNDS

Operating Impact: This project began in FY2016-2017 and will carry over into future
years. The expected completion date for the final phase is November, 2024. This street
improvement will have little or no impact on operations. These projects are funded
through multiple Certificates of Obligation proceeds and Storm Drain fees. A portion of
the cost will be covered by grants from Tarrant County. The City was awarded $800,000
for Whitley Road 4 construction and $3.197 million for Whitley Road 4 construction.

❖ Description: Hightower Drive, Phase I – This project is new this year and includes a
full concrete street reconstruction of Hightower Drive from Hwy 377 to Lyndale Drive, and
asphalt mill and overlay of Hightower Drive from Lyndale Drive to Rufe Snow Drive. The
project includes a center median, trail, shared use lane, and decorative solar street lights.

Justification: Hightower Drive is a major thoroughfare in the City. The existing asphalt
pavement is deteriorating. We anticipate this will rejuvenate the area for commercial
development.

Operating Impact: Hightower Drive is a major thoroughfare in the City. This project his
street improvement will have little or no impact on operations. It will be funded through
developer fees, the 2018 Certificate of Obligation proceeds and Storm Drain fees.

FY2022-2023 SIDEWALK PROGRAM

❖ Description: Approximately 5,000 square feet of sidewalks will be maintained this fiscal
year. The City identifies various sidewalks annually for replacement.

Justification: Safe, pedestrian-friendly neighborhoods are a priority of our community.
An important component of this is the City’s Sidewalk Program which is developed to
provide for the maintenance of sidewalks within the City of Watauga.

Operating Impact: The Sidewalk program this year is funded by a transfer from the
General Fund to the General Capital Projects Fund.

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