The Highland Village City Council this week approved an ordinance authorizing the issuance of Certificates of Obligation to fund streets and parks projects totaling more than $15 million.
The COs will coincide with expiring debt and have no impact on the city’s ad valorem tax rate, according to a city news release. Anticipated projects included in the issuance are:
Street and Drainage – $8.85M
Reconstruction Projects
- Highland Shores Boulevard (Briarhill to Twin Coves — engineering only with anticipation of inclusion in a future Denton County bond program to fund construction)
- Highland Village Road (Brazos to KCS railroad — engineering only with anticipation of inclusion in a future Denton County bond program to fund construction)
- Various (28 streets meeting criteria)
Overlay Projects
- Sellmeyer Lane (Foggy Glen to Brazos)
- Sellmeyer Lane (Brazos to Victoria)
- Highland Shores Boulevard (Highland Village Road to Briarhill)
Traffic Control
- Traffic signal at Brazos/Highland Village Road
- Pedestrian crossing, Highland Shores Boulevard at Community Center Drive
Drainage Projects
- Walmart pond dredge
- Quail Cove pond dredge
- Turpin Dive/Sellmeyer Lane drainage improvements
- Silverthorne Park creek bank stabilization
- Highland Shores Boulevard underdrain
Park Improvements – $6.413M
Highland Village Tennis Center LED lighting upgrades and Musco controls
Pilot Knoll Improvements
- Campground/shelters improvements
- Replace gatehouse
- Boat ramp improvements
- Expand camping options with 16 rental cabins
Unity Park Improvements
- Tennis court resurfacing
- Lighted basketball courts
- Field renovations
- Replace portion of turf in Dog Park with synthetic grass
- Replace baseball fencing
- Add backstop netting
Other Parks
- Sellmeyer tennis fencing/windscreen replacement
- Lions Club Park parking lot
- Village Park fishing pier renovation
- Brazos Park field renovation
- Sellmeyer Park playground replacement
The issuance of the COs does not require voter authorization and are approved by city ordinance, according to the city news release.