​Discuss Proposed FY 2027-2031 Five-Year Capital Improvement Program

Staff Report & Agenda Item Details

Staff will present the CIP framework scoring during the worksession and funding sources available for the proposed 5-YR CIP.<br><br>The City Charter requires the City Manager to submit a five-year capital program with the annual budget. Once approved by the City Council, the program serves as the City’s planning guide for the timing, financing, and delivery of major capital improvements.The proposed plan totals $23,930,508 and includes ten project or equipment packages: three Tier 1 priorities and seven Tier 2 priorities. The program is anchored by the $17,213,700 reconstruction of Booth Calloway Road from Bridges Avenue to Glenview Drive, together with the Cecil Drive and Spruce Park Drive reconstruction projects.<br><br>Five-year uses total $23,930,508. Proposed sources are $5,821,025 from Tarrant County, $2,000,000 in federal funding, $9,678,975 in planned new certificates of obligation, $2,430,508 in remaining 2023 certificates, $3,000,000 from the Utility Fund, and $1,000,000 from the Richland Hills Development Corporation. No General Fund source is programmed.FY 2027 project uses are $5,021,107.