Page 162 - CityofGrapevineFY25AdoptedBudget

F
iscal year 2025 capital expenditures include projects to improve parks, rehab water and
wastewater infrastructure, enhance city facilities, and replace fleet vehicles. Funding for
capital improvement projects comes from various sources including debt issuances, operating
budgets, and grants.

FY2025 FY2026 FY2027 FY2028 FY2029
Settlers Park $800,000 $3,700,000
The REC of Grapevine $6,500,000 $6,500,000
Water Utility $20,000,000 $20,000,000 $20,000,000 $20,000,000 $20,000,000
Fleet Replacement $3,744,000 $5,500,000 $4,000,000 $4,000,000 $4,000,000
IT Infrastructure $343,000 $3,000,000
City Hall Renovations $861,000
Total $25,748,000 $35,700,000 $33,500,000 $24,000,000 $24,000,000

Project Name: Settlers Park

Responsible Department: Parks and
Recreation

Location: 1701 State Highway 26

Total five-year estimated cost:
$4,500,000

Funding Source: Multiple

Description: Phase one of Settlers
Park is nearing completion and Phase
two is being planned. 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 at full build-out: 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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