Government
BY HEATHER MCCULLOUGH, JONATHAN PERRIELLO & CONNOR PITTMAN
Flower Mound budgets $19.2M for projects In early April, Flower Mound o cials started the process to issue debt that will pay for several infrastructure projects. The estimated value of the debt issuance is expected to be under $19.2 million, according to town documents. The overview The revenue raised from selling the bonds are expected to help pay for re department facilities and water and wastewater infrastructure, per town documents. Potential projects include water and sewer line replacements, re station improve- ments, water pump upgrades, and wastewater treatment plant maintenance. In addition to the costs for the projects, town o cials anticipate nancing costs of $98,000, per town documents.
Unity Park to receive $197k basketball court Highland Village City Council approved a basketball court project at Unity Park for an estimated cost of $197,750. DHC Concrete Construction and Restoration is the project contractor. The project will use 2022 bond funds. What you need to know This project will include the concrete foundation, a 5-foot sidewalk connecting the court to the parking lot, the installation of four basketball goals, and the surfacing of the court with lines and colors. The cost of the project does not include bids for lighting, which o cials said will be brought back at a future meeting. O cials estimate the cost for lighting at $30,000, which puts the total project within the $230,000 budget.
Flower Mound 2025 certi cates of obligation project costs Wastewater projects: $7.83M
Water projects: $6.16M
Fire station projects: $5M
Financing costs: $98K
SOURCE: TOWN OF FLOWER MOUND COMMUNITY IMPACT
Looking ahead If issued, the certi cates of obligation would reach maturity, the point at which the principal amount is repaid and interest payments from the town cease, in March 2045, according to the intent resolution. Council is expected to consider a resolution approving the parameters for selling the bonds, including an interest rate range, June 2, per town documents. A sale of the certi cates of obligation is scheduled for June 4.
Furst Ranch plan outlines 7.66 acres for road, trails Furst Ranch development moved forward with Argyle Town Council’s approval of a nal plat, a document noting lot lines, easements and streets, for High Plains Trail, which consists of a grand entrance and roads connecting the property to US 377. The details The nal plat includes 7.66 acres of open space with 24-foot paved roads, 6-foot trails, a 4-foot sidewalk and two pavilions. The purpose is to connect the planned mixed- use development to US 377 with a grand entrance, said Jason Weaver, a civil engineer from Grape- vine-based engineering rm GMcivil. The municipal utility district for the Bartonville portion will own and maintain the infrastructure.
Roads within Furst Ranch will connect the planned mixed- use development to US 377 with a grand entrance.
RENDERING COURTESY TOWN OF ARGYLE
Advertise in the Home Edition
PRINT + DIGITAL PACKAGES DIRECT MAIL
ADS@COMMUNITYIMPACT. COM
8
COMMUNITYIMPACT.COM
Powered by FlippingBook