Page 312 - CityofSouthlakeFY26AdoptedBudget

General Obligation Debt Overview

General obligation and certificates of obligation bonds are primarily used to fund the construction of
roads, sidewalks and other types of facilities. Some projects funded through these types of bonds are:

- FM 1938 at West Continental Boulevard Intersection Improvements
This project includes right of way acquisition, a new traffic signal, a new right turn lane, and other
paving improvements to improve the alignment of this intersection based on recommendations of an
engineering study of this intersection. Drainage improvements will also be included with this project,
specifically the improvement of Critical Drainage Structure #18. These improvements will help alleviate
Debt Service
current traffic backups during peak hours on west-bound West Continental Boulevard at FM 1938. In
addition, the project will also include landscape and irrigation improvements. This project also includes
1,312 linear feet of new sidewalk installation.

- Public Safety Training Tower

The Capital Improvements Program (CIP) included funding for the architectural, engineering design,
and the construction of the Public Safety Training Tower that is being designed and constructed with
the Municipal Service Center, which is funded through other sources. In 2020, the City Council approved
the purchase of 12.9 acres located on Brumlow Avenue for this combined project. Both facilities are
currently under construction, and the four-story Public Safety Training Tower includes various simulation
rooms and a classroom to provide local training space. The Police and Fire Departments will use the
facility for training and programs, including single and multi-company live-fire training, force decision
making, building searches/clearing, SWAT (tactical entry, building search/clearing, chemical munitions,
etc.), and the DPS Youth and DPS Leadership academies. The facility will also provide the space for
additional uses for other City departments, including Public Works.

- 12” Water Line and Sidewalk Along Randol Mill

This project includes right-of-way acquisition, engineering, design and construction to upsize the
existing 6-inch water line along Randol Mill Avenue from Morgan Road to Dove Road to a 12-inch water
line. Increasing the size of the existing line will improve water quality, service and fire protection in the
high pressure plane. A new 5-foot wide sidewalk is also included to enhance pedestrian safety for area
residents.

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

312 FY 2026 City of Southlake | Budget Book FY 2026 City of Southlake | Budget Book 313