Page 23 - RichlandHillsFY24ProposedBudget

City of Richland Hills

FY 2024 Annual Budget
Five Year Capital Improvement Plan

Project Cost Budget Estimated Estimated FY Estimated Estimated
Funding Source Project Name Estimate FY 2024 FY 2025 2026 FY 2027 FY 2028 Total Cost

RHDC Sales Tax Fund
Kate Baker Park Restroom/Pavilion/Parking Impr $ 450,000 $ 450,000 $ - $ - $ - $ - $ 450,000
RHDC Sales Tax Fund Rosebud Park Restroom/Pavilion/Parking Impr $ 450,000 $ 450,000 $ - $ - $ - $ - $ 450,000
Street Impr Sales Tax
Fund Magnolia Park Drive reconstruction $ 1,840,000 $ 1,840,000 $ - $ - $ - $ - $ 1,840,000
Street Impr Sales Tax Glenview Drive reconstruction (reserve for FY 2028
Fund project) $ - $ - $ 1,500,000 $ 1,500,000 $ 1,500,000 $ 1,500,000 $ 6,000,000

2023 Bond Issuance Jameson Street (Street Reconstruction) * $ 1,080,000 $ 1,080,000 $ - $ - $ - $ - $ 1,080,000

2023 Bond Issuance Joanne Court (Street Reconstruction) * $ 530,000 $ 530,000 $ - $ - $ - $ - $ 530,000
2023 Bond Issuance Mary Boaz Drive- 1 (Street Reconstruction) * $ 926,000 $ 926,000 $ - $ - $ - $ - $ 926,000

2023 Bond Issuance Mary Boaz Drive- 2 (Street Reconstruction) * $ 795,000 $ 795,000 $ - $ - $ - $ - $ 795,000
2023 Bond Issuance Brooks Avenue (Street Reconstruction) * $ 1,150,000 $ 1,150,000 $ - $ - $ - $ - $ 1,150,000

2023 Bond Issuance Oxley Drive (Street Reconstruction) * $ 1,680,000 $ 1,680,000 $ - $ - $ - $ - $ 1,680,000

2024 Bond Issuance Street Reconstruction (neighborhood streets) $ - $ - $ 8,160,000 $ - $ - $ - $ 8,160,000
2025 Bond Issuance Street Reconstruction (neighborhood streets) $ - $ - $ - $ 11,450,000 $ - $ - $ 11,450,000

Oil & Gas Fund Hike & Bike Trailhead $ 200,000 $ 200,000 $ - $ - $ - $ - $ 200,000

CCPD Law Enforcement Center Improvements $ 130,000 $ 130,000 $ - $ - $ - $ - $ 130,000

ARPA Water System Backup Power Generation $ 1,448,404 $ 1,448,404 $ - $ - $ - $ - $ 1,448,404
ARPA Broadband Impr $ 180,000 $ 180,000 $ - $ - $ - $ - $ 180,000

Strategic Initiative Fund Animal Services Parking Lot Improvements $ 105,000 $ 105,000 $ - $ - $ - $ - $ 105,000
Strategic Initiative Fund Fire Administration & Public Works Design $ 175,000 $ 175,000 $ - $ - $ - $ - $ 175,000

Drainage Latham Channel Drainage Improvements $ 129,341 $ 129,341 $ - $ - $ - $ - $ 129,341

Total $ 11,498,745 $ 11,498,745 $ 9,660,000 $ 12,950,000 $ 1,500,000 $ 1,500,000 $ 37,108,745

* Includes water/sewer line replacements