Page 339 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

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 include:

- Alta Vista Water Line Replacement
This project provides planning, engineering, design, right-of-way, construction and construction support Debt Service
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. Shared 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 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.

- T.W. King Pump Station Buildout Phase 1

This project includes the engineering, design and construction of Phase I Improvements at T.W. King Pump
Station #2. In FY 2022, the City engaged Kimley-Horn to develop a concept plan for the ultimate buildout
of T.W. King Pump Station #2, resulting in the development of a 3-phased approach for site improvements
that are designed to meet customer needs for water quality and system resiliency. After further study,
the phasing plan has been adjusted to best meet the needs of the City’s water system. The Phase 1
improvements include the replacement of the three existing pumps & motors, the addition of a new fourth
pump & motor, installation of emergency backup generators, electrical, and SCADA improvements. These
improvements are identified under the City’s American Water Infrastructure Act (AWIA) Risk & Resiliency
Assessment and will provide emergency power, increase operational efficiency, and redundant supply to
the City’s water distribution system. This project is expected to be awarded for construction late summer/
early fall 2026, pending review of the competitive sealed proposals received July 2026.

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 T.W King Pump Station Buildout Phase 1

FY 2027 City of Southlake | Budget Book 339