BY HEATHER MCCULLOUGH
The funding
How we got here
Looking ahead
The city pulls its finances for road projects from capital project funds, drainage capital funds and Tax Increment Finance Funds, which are property taxes from specific developments. Colleyville officials also fund projects through grants from TxDOT, Tarrant County representatives and state representatives. “We [will] chase every grant dollar available to us and try to match it with a need-based project,” Colleyville City Manager Ducay said.
Colleyville staff said they’re organizing funding for future projects. The city has $25.5 million from Tarrant County, NCTCOG and Congresswoman Beth Van Duyne’s office for the $35 million Cheek-Sparger Road project, former Colleyville Public Works Director Amber Beard said. $10M $15M $20M $25M $30M $35M 2024-25 CIP budget for Colleyville streets $32M going to construction of Cheek-Sparger Road
Colleyville residents are a source for decid- ing which projects need to be prioritized along with infrastructure wear and tear and changes in design to help traffic flow, Ducay said. The city prioritizes projects based on funding sources, need and opportunity, he added. For example, when TxDOT officials inspected Jackson Road Bridge for flooding problems, they discovered the bridge needed to be replaced, Ducay said. The project moved forward because the city acquired funding from TxDOT after this assessment. Along with the Jackson Road Bridge project, TxDOT officials will oversee the John McCain Bridge construction, TxDOT Public Information Officer Val Lopez said. TxDOT utilizes the help of the North Central Texas Council of Government’s Regional Trans- portation Council to select projects, which are specifically funded through the State Highway Fund and Federal-Aid Highway Program.
Funding sources for fiscal year 2024-25 Colleyville street projects
Capital project fund: $2.2M
TIF: $3.35M
$0 $5M
Total: $6.2M
Fiscal year
Grant: $650K
SOURCE: CITY OF COLLEYVILLE/COMMUNITY IMPACT
SOURCE: CITY OF COLLEYVILLE/COMMUNITY IMPACT
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GRAPEVINE - COLLEYVILLE - SOUTHLAKE EDITION
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