Page 141 - GrapevineFY24 Adopted Budget

F
iscal year 2024 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.

2024 2025 2026 2027 2028
Settlers Park $3,400,000 $7,931 $8,169 $8,414 $8,649
Water Utility $10,000,000 $10,000,000
Service Center $10,000,000
Storm Drainage $1,800,000
Fleet Replacement $2,224,000 $5,500,000 $4,000,000 $4,000,000 $4,000,000
IT Infrastructure $3,000,000 $3,000,000
Total $30,424,000 $15,507,931 $4,008,169 $7,008,414 $4,008,649

Project Name: Settlers Park

Responsible Department: Parks and
Recreation

Location: 1701 State Highway 26

Total five-year estimated cost:
$3,433,163

Funding Source: Multiple

Description: Work has begun on
phase one of Settlers Park. Upon
completion it will become 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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