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Item 9A - MemoM E M O R A N D U M February 10, 2026 To: Honorable Mayor and Council Members From: Alison Ortowski, City Manager Subject: Approving and adopting the FY 2026-2030 Capital Improvements Program. Action Requested: Approve and adopt the FY 2026 – FY 2030 Capital Improvements Program. Background Information: The purpose of this item is to seek City Council approval of the FY 2026 – FY 2030 Capital Improvements Program (CIP). In accordance with the Texas Local Government Code and the Charter of the City of Southlake, the proposed FY 2026 – FY 2030 Capital Improvements Program was presented to the City Council at the February 3, 2026, City Council meeting. The City of Southlake adopts a five-year CIP. A multi-year capital project plan provides a strategic advantage by offering a comprehensive roadmap for long-term infrastructure development, allowing for better resource allocation and budgeting over an extended period. This approach enhances project efficiency and stakeholder confidence, as it promotes continuity, minimizes uncertainty, and fosters a more informed decision - making process, ultimately ensuring the successful and timely completion of complex, phased initiatives. The City’s approach to capital budgeting continues to focus on a five- year plan, but the process of adopting a CIP changed with the FY 2024 budget. Previously, a detailed CIP was included as a part of the annual budget submitted to City Council prior to the beginning of the fiscal year. However, the process was adjusted in FY 2024 so that the City Council approved funding allocation for the CIP with the annual operating budget adopted in September. This separate proposal, the Capital Improvements Program, identifies specific projects for the five-year planning period. The proposal also offers details on each project and provides information on funding sources and Item 9A types. The new approach of providing a distinct operating budget and Capital Improvements Program to City Council, on different schedules, enhances the focus and attention to the details of each. The first year of the CIP is referred to as the capital budget and is the only year of the multi-year project plan that receives funding allocation, through both cash and the issuance of debt. The remaining years shown in the plan are used for planning purposes only and do not receive expenditure authority until they are part of the capital budget that is considered by the City Council each year. CIP Development Process Southlake’s Capital Budget cycle begins in October with the submission of project proposals and concludes in February with City Council adoption. The City’s CIP Governance Committee, a cross-department group that is comprised of the Executive Leadership Te am and key department stakeholders, review submissions at the beginning of the process and evaluate and prioritize projects considering a variety of factors, including alignment established strategic priorities and CIP guiding principles, financial policies and goals, as well as asset management best practices. Their review: • Ensures timely construction and/or repair of city infrastructure to effectively meet ongoing community needs, as defined by the City’s strategic and comprehensive plans; and, • Establish a methodical approach to public infrastructure funding and construction to eliminate unanticipated, poorly planned, or unnecessary capital expenditures and to avoid sharp increases in tax rates, user fees, or debt; and, • Align public projects with community growth patterns and development, as defined by the City’s comprehensive plans. These factors provide a strong framework that ensures holistic decision- making and promotes long-term financial sustainability. The CIP provides a long-term plan for roadway, water, wastewater, parks and other critical capital projects. Ultimately, the proposed FY 2026 – FY 2030 CIP has been developed to achieve the following goals: • Strategic Alignment and High Quality Service Delivery; and, • Financial Sustainability and Community Resiliency; and, • Pay-As-You-Go Funding Maximized and Coupled with Strategic Use of Debt; and, • Multi-Year Sustainability. Capital Improvements Program – Capital Budget Funding For the FY 2026 Capital Budget, 27 projects were submitted by various departments utilizing funding from nine different funding sources, totaling $36,716,908. A total of $23,226,908 in cash has been allocated to the CIP program, constituting 63% of the overall capital budget. The proposed projects include funding for roadways and pathways at $15.585 million, water projects at $9.361 million, wastewater projects at $575,000, stormwater projects at $3.612 million, facilities projects totaling $500,000, park improvement projects at $6.841 million, and community enhancement projects at $243,000. Financial Considerations: Various funding sources are available for capital project construction. For FY 2026, a total of $36,716,908 is programmed across 27 projects, utilizing funding from nine sources. The following table shows the projects recommended for funding through the capital budget by fund and funding type. Fund Cash Funding Reallocation Certificates of Obligation Bonds Total Funding General Fund $1,500,000 $2,100,000 $11,578,000 $15,178,000 Utility Fund $8,000,000 $2,113,000 $0 $10,113,000 Water Impact Fee $0 $48,000 $0 $48,000 Stormwater Utility System $500,000 $1,200,000 $1,912,000 $3,612,000 Community Enhancement & Development Corporation (CEDC) $325,000 $0 $0 $325,000 Southlake Parks Development Corporation (SPDC) $6,000,000 $640,908 $0 $6,640,908 Park Dedication Fee $300,000 $0 $0 $300,000 Hotel Occupancy Tax Fund (HOT) $200,000 $0 $0 $200,000 Public Art Fund $300,000 $0 $0 $300,000 Total $17,125,000 $6,101,908 $13,490,000 $36,716,908 Strategic Link: F1 – Safeguarding the public trust through a commitment to thoughtful planning and responsible, conservative financial management. Citizen Input/ Board Review: The Southlake Parks Development Corporation and the Parks Board held a joint meeting on January 20, 2026, and recommended approval of the Proposed FY 2026 - 2030 SPDC Capital Improvements Program priorities. Legal Review: None required. Supporting Documents: Attachment A: CIP Guiding Principles, Attachment B: Capital Improvements Program – All Funds, Attachment C: Projects Proposed for FY 2026 -2030 Staff Recommendation: Approval of the FY 2026 - 2030 Capital Improvements Program Item 9A Attachment A: Capital Improvements Program Guiding Principles Item 9A Attachment B: Capital Improvements Program – All Funds Fund Total Prior Funding FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Beyond Total General Fund $60,817,804 $15,178,000 $8,786,563 $8,616,391 $36,951,210 $9,816,520 $69,703,038 $209,869,526 Utility Fund $7,442,000 $10,113,000 $17,875,000 $19,830,000 $16,095,000 $33,075,000 $98,855,000 $203,285,000 Roadway Impact Fee Fund $1,735,000 $0 $296,100 $311,000 $327,000 $344,000 $362,000 $3,375,100 Water Impact Fee $1,385,000 $48,000 $406,000 $64,000 $73,000 $932,000 $1,456,000 $4,364,000 Sanitary Sewer Impact Fee $1,201,500 $0 $115,000 $121,000 $128,000 $135,000 $1,410,000 $3,110,500 Storm Water Utility System $3,603,000 $3,612,000 $4,175,000 $500,000 $1,125,000 $2,950,000 $16,175,000 $32,140,000 Community Enhancement & Development Corporation Fund $1,616,000 $325,000 $0 $0 $0 $0 $0 $1,941,000 Southlake Parks Development Corporation $29,796,428 $6,640,908 $6,000,000 $6,339,039 $6,000,000 $34,731,114 $100,663,532 $190,171,021 Tax Increment Reinvestment Zone #1 $0 $0 $0 $0 $0 $0 $0 $0 Park Dedication Fund $1,050,000 $300,000 $300,000 $0 $0 $0 $0 $1,650,000 Hotel Occupancy Tax Fund $1,900,000 $200,000 $0 $0 $0 $0 $0 $2,100,000 CCPD Fund $0 $0 $0 $0 $0 $0 $0 $0 Public Art Fund $1,577,639 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $3,377,639 Red Light Camera Fund $0 $0 $0 $0 $0 $0 $0 $0 Federal Funding (Van Duyne) $0 $0 $0 $0 $0 $0 $0 $0 Tarrant County Bond $0 $0 $0 $0 $0 $0 $0 $0 City of Keller $0 $0 $0 $0 $0 $375,000 $0 $375,000 Federal Funds $0 $0 $0 $0 $0 $0 $0 $0 Grand Total All Funds $112,124,371 $36,716,908 $38,253,663 $36,081,430 $60,999,210 $82,658,634 $288,924,570 $655,758,786 Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Mobility) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Mobility) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Mobility) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Mobility) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Water) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Water) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Water) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Water) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Wastewater) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Wastewater) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Storm Water) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Storm Water) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Parks) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Parks) S Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Parks) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Parks) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Community Enhancements) Item 9A Attachment C: Projects Proposed for FY 2026 – 2030 (Facilities)