In December 2021, Council approved an ordinance authorizing the issuance of Certificates of Obligation totaling $15.75M for street and drainage and park improvements. The Certificates of Obligation will coincide with expiring debt and therefore have no impact to the City’s ad valorem tax rate. During the budget process, the Capital Improvement Program identified projects to be included in this issuance, including $8.85M for street and drainage capital projects and $6.413M for park improvements.
Reconstruction Projects: Highland Shores Boulevard. (Briarhill to Twin Coves - Engineering) - $500,000 Highland Village Road (Brazos to KCS Railroad - Engineering) - $250,000 28 Streets which meet criteria for reconstruction - $3,600,00
Overlay Projects: Sellmeyer Lane (Foggy Glen to Brazos) - $250,000 Sellmeyer Lane (Brazos to Victoria) - $275,000 Sellmeyer Lane (Victoria to FM 407) - $275,000 Highland Shores Boulevard (Highland Village Road to Briarhill) - $600,000
Traffic Control: Traffic single improvement Brazos & Highland Village Road - $345,000 Pedestrian crossing Highland Shores Boulevard at Community Center Drive - $230,000
Drainage Projects: Drainage pond adjacent to Walmart dredge - $300,000 Quail Cove pond dredge - $200,000 Turpin Drive / Sellmeyer Lane drainage improvement - $500,000 Silverthorne Park creek bank stabilization - $400,000 Highland Shores Boulevard underdrain - $600,000