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Flower Mound staff update CDC on $82.5M bond projects, parks design and grants
Summary
Town parks staff reported progress across multiple parks and trail projects funded by 4B funds, the recent bond program and grants; staff confirmed a $750,000 Texas Parks & Wildlife grant for Trotter Park and outlined design, bid and construction timelines.
Parks and recreation staff briefed the Community Development Corporation on Jan. 29 about capital projects funded through 4B revenues, the recent bond program and grants.
CFO John Zagurski opened with a financial overview, saying the CDC’s estimated beginning fund balance provides roughly $11,000,000 in appropriable resources and that sales tax — the CDC’s primary revenue source — has flattened compared with COVID-era peaks. "If you absolutely had to and nothing else changed ... you'd roughly have $11,000,000 that you could appropriate," Zagurski said, adding that the figure is a conservative planning metric and not an intention to spend the full…
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