Page 315 - CityofSouthlakeFY26AdoptedBudget

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 Debt Service
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 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

FY 2026 City of Southlake | Budget Book 315