Page 266 - CityofSouthlakeFY25AdoptedBudget
P. 266

Revenue Bond Overview

          Revenue bonds are used to fund construction of city infrastructure such as water and sewer system
          improvements.  Debt service on these bonds is covered by utility ratepayers.  Some projects currently under
          construction that are funded through these types of bonds are:


          Alta Vista Water Line Replacement


          This project provides planning, engineering, design, right-of-way, construction and construction support for
          the replacement of approximately 9,600 linear feet of 36-inch pipe and 9,500 linear feet of 30-inch pipe
          for the City’s water transmission main from the Alta Vista Pump Station. A shared line between the City
          of Southlake and the City of Keller, the Alta Vista water transmission main provides the City with potable
          water from the City of Fort Worth. This line was originally installed in the mid 1980’s and has recently seen
   Debt Service
          an increase in age & corrosion-related pipe failures. Replacing these segments of the Alta Vista transmission
          main will ensure the integrity and delivery of the City’s potable water supply by replacing pipe that does
          not meet current design standards and mitigate water loss due to main breaks. This project will include a
          phased construction approach so as not to disrupt the City’s water supply during high demand months.


          Repainting of the Florence Elevated Storage Tank

          Originally constructed in 2005, the Florence Elevated Storage Tank provides necessary supply and pressure
          for the City’s high pressure plane located on the west side of the City, south of SH 114. The City performs
          annual cleaning and inspections on all of its water storage tanks to ensure the safety and integrity of the
          water supply system. This project will include repairs to structural steel members, address any compliance
          issues due to new regulations, and provide a complete repaint to all internal and external surfaces, increasing
          the longevity of this vital City infrastructure.

          The schedule on the next page shows the City’s outstanding revenue bond debt, including principal and
          interest amounts as well as the bond maturity date.




































                          Alta Vista Water Line                             Florence Elevated Storage Tank


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