Page 335 - CityofKellerFY25Budget

CITY OF KELLER FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM (CIP) SUMMARY

FISCAL YEARS
TOTAL ALL
PROJECT PRIOR YEARS FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29
YEARS

PARK SYSTEM

Overton Ridge Park
KDC Fund 2,675,709 $ 2,675,709
Park Development 547,656 $ 547,656
Fees
TOTAL PROJECT $ 3,223,365 $ - $ - $ - $ - $ - $ - $ 3,223,365
The park improvements require additional mowing and other grounds maintenance.
IMPACT ON O&M
$ 27,808 $ 27,808 $ 27,808 $ 27,808 $ 27,808 $ 27,808

Sports Park Revitalization
Debt Issuance 28,000,000 $ 28,000,000

KDC Fund 2,725,873 3,070,616 1,620,616 1,620,616 $ 9,037,721
Water-Wastewater 1,291,730 $ 1,291,730
Fund
General Fund 2,860,000 $ 2,860,000
TOTAL PROJECT $ 4,017,603 $ 31,070,616 $ 4,480,616 $ 1,620,616 $ - $ - $ - $ 41,189,451
The project is a revitalization of the existing Keller Sports Park and the operating impact relates to the average annual debt payment.
IMPACT ON O&M
$ 2,347,085 $ 2,344,200 $ 2,344,450 $ 2,346,700 $ 2,345,700 $ 2,346,450

Trail System Expansion
KDC Fund 971,666 750,000 400,000 450,000 500,000 550,000 600,000 $ 4,221,666
TOTAL PROJECT $ 971,666 $ 750,000 $ 400,000 $ 450,000 $ 500,000 $ 550,000 $ 600,000 $ 4,221,666
IMPACT ON O&M The trail improvements have minimal operating impact and can be absorbed in the current budget.

Keller Sports Park Parking Lot Improvements - Softball Lot

KDC Fund 829,059 $ 829,059
TOTAL PROJECT $ 829,059 $ - $ - $ - $ - $ - $ - $ 829,059
IMPACT ON O&M The project improves an existing parking lot and minimal operating impact is anticipated.

Bear Creek Park Improvements

KDC Fund 428,907 $ 428,907
TOTAL PROJECT $ 428,907 $ - $ - $ - $ - $ - $ - $ 428,907
IMPACT ON O&M The project improves existing parks and minimal operating impact is anticipated.

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