Land for parks and open spaces? Southlake’s bond proposal addresses those plans
Voters in Southlake will decide on a $50 million bond package which will provide funds for parks and open spaces throughout the city.
Early voting continues through Oct. 29. Election day is Nov. 2. Residents won’t see a property tax increase, according to the city’s website.
If approved, Southlake can sell up to $50 million in general obligation bonds which allows cities to do large capital improvement projects.
Chris Tribble, Southlake’s community services director, said in an email to the Star-Telegram that the bond funds will be used to purchase open space or natural areas throughout the city and that the land may also be used for storm water management.
Over the years, Southlake has approved master plans for parks and recreation. Bonds won’t be sold until the city council approves specific locations, he said.
Southlake currently owns 166 acres of natural areas and open space and leases an additional 577.7 acres adjacent to Grapevine Lake from the US Army Corps of Engineers, Tribble said.