Page 285 - CityofWataugaAdoptedBudgetFY25

CIP AND CAPITAL PROJECTS FUNDS

as well as capital outlay needs such as vehicles and public safety replacement
equipment. In FY2025, a $7.1 million Certificates of Obligation issuance will fund the
Public Works parking lot renovation, splashpad filtration system, solar trail lights, and
building improvements and renovations and the Advanced Metering system project.

As can be seen on the CIP summary schedule and detailed schedule on the following pages,
the City will focus on major infrastructure upgrades, as well as continuing our street overlay
program. Actual program
expenditures may vary
depending on changes in
priority or addition or
deletion of projects or
emergencies. The 5-year
Capital Improvement Plan
includes projects that total
$82.15 million for FY2025
through FY2029. These
projects include $13
million in water and
wastewater projects.
Revenues will have an
impact on the scope of
these projects. Within the
5-year CIP plan, $59.64
million in street and street
overlay projects and $6.34 million in drainage projects have been identified. Parks projects and
building improvement projects in the 5-year CIP total $3.15 million which includes the Public
Works parking lot renovation project, the construction of a food business park, trail projects and
lighting, parks equipment, and other park amenities.

The funding source of the many of the capital projects will include debt issuances and pay-as-
you-go methods, and many projects are in a “to be determined” funding status at this time. Some
projects will be grant funded, as indicated in the revenue source section of the plan.

In the current year schedule, projects for FY2024-2025 total $24.69 million in capital projects
(not including capital equipment). Many of these projects are continuation of projects that began
in prior years. The $24.69 million is comprised of $12.9 million for street projects which include
Whitley Road phase 5, Hightower Road, the
continuation of Watauga Road engineering, and
various street overlays and sidewalks, $3.5 million in
drainage projects, and $5.65 million in water and
sewer projects. Other improvement projects include
the continuation of the Green Ribbon Project which
will beautify the 377 corridor. A food business park

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