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
266 FY 2025 City of Southlake | Budget Book