HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Agenda Packets-8/5/2016City of Colleyville Page 1
City of Colleyville
Colleyville Economic
Development Corporation
Board Worksession
Agenda
City Hall
100 Main Street
Colleyville, Texas 76034
817. 503.1000
www.colleyville.com
Wednesday, August 10, 2016
8:00 p.m.
Executive Conference Room
Third Floor – City Hall
1. CALL TO ORDER
2. PRESENTATION AND DISCUSSION
2a Discussion of the FY 2017 2021 Economic Development Capital
Improvement Program (EDCIP) priorities
3. ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Friday, August 5,
2016 by 5:00 p.m.
Amy Shelley, TRMC
City Secretary
Any matter on this agenda may, at the discretion of the governing body, be opened
for public comment and discussion.
If you plan to attend this public meeting and have a disability that requires special
accommodations, please advise the City Secretary at least 48 hours in advance at
817.503.1130, and reasonable accommodations will be made to assist you.
City of Colleyville Page 1
City of Colleyville
Colleyville Economic
Development Corporation
Board
Worksession Briefing
City Hall
100 Main Street
Colleyville, Texas 76034
www.colleyville.com
Agenda Number 2a Agenda Date 08/10/2016 Number
Type Presentation and Discussion
Department City Manager
Title
Discussion of the FY 2017 - 2021 Economic Development Capital Improvement Program
(EDCIP) priorities
Strategy Map Connection
F3- Forecast needs and plan for the future, balancing priorities with resources
Explanation
The Colleyville Economic Development Corporation Bylaws require the Board to develop
a combined Economic Development Capital Improvement Program (EDCIP) annually,
which sets forth long and short-term goals. This program "shall be one that addresses
the development needs of the City within the financial constraints available to the
Corporation.” The "EDCIP shall identify the projects to be undertaken by the
Corporation and include proposed methods and the expected cost of the
implementation.” After the EDCIP is developed, it must be approved by the City
Council.
This item will provide the Board the opportunity to review and discuss the proposed
projects for FY 2017 through 2021 from the attached EDCIP, which is currently
scheduled for adoption by the Board at the CEDC meeting on August 23, 2016. Year
one of the EDCIP (FY 2017) will also be brought forward for appropriation and
budget adoption at that meeting. The current FY 2016 - FY 2020 EDCIP is attached for
reference.
Attachments
1.EDCIP FY 2017 - 2021
2.EDCIP FY 2016 - 2020
COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION
ECONOMIC DEVELOPMENT CAPITAL IMPROVEMENT PROGRAM FY 2017 - FY 2021
Budget Projection Projection Projection Projection Projection Projection
FISCAL YEAR 2016 2016 2017 2018 2019 2020 2021
BEGINNING FUND BALANCE $2,733,324 $2,975,894 $3,351,459 $2,602,229 $2,145,042 $1,846,277 $1,528,366
REVENUES:
PROJECTED 1/2 CENT SALES TAX REVENUE $1,700,000 $1,800,000 $1,750,000 $1,750,000 $1,767,500 $1,785,175 $1,803,027
INTEREST INCOME $5,467 $3,741 $3,741 $5,204 $4,290 $3,693 $3,057
USE OF AVAILABLE CASH $1,104,240 $1,005,965 $989,979 $695,069 $539,635 $559,569 $522,946
TOTAL REVENUES $2,809,707 $2,809,706 $2,743,720 $2,450,273 $2,311,425 $2,348,437 $2,329,029
EXPENDITURES:
OPERATING:
ADMINISTRATIVE:$2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
2005 DEBT SERVICE & 1.4 TIMES COVERAGE $845,354 $845,354 $842,621 $832,586 $843,046 $845,802 $845,802
PARKS:
WATER / WASTEWATER- MC PHERSON PARK $18,540 $18,540 $19,096 $19,669 $20,259 $20,867 $21,493
TECHNOLOGY - HARDWARE REPLACEMENT $0 $0 $0 $0 $6,800 $0 $0
LIBRARY:
PERSONNEL $81,081 $81,081 $269,859 $277,955 $286,293 $294,882 $303,729
OPERATIONS $4,689 $4,689 $7,830 $8,065 $8,307 $8,556 $8,813
TECHNOLOGY - SOFTWARE & MAINTENANCE CONTRACTS $0 $0 $18,927 $19,306 $19,692 $20,085 $20,487
TECHNOLOGY - HARDWARE REPLACEMENT $0 $0 $10,400 $11,800 $5,450 $27,600 $0
SENIOR CENTER:
PERSONNEL $70,536 $70,536 $72,652 $74,832 $77,077 $79,389 $81,771
OPERATIONS $0 $0 $500 $500 $500 $500 $500
TECHNOLOGY - HARDWARE REPLACEMENT $0 $0 $4,800 $8,000 $1,550 $3,100 $0
COLLEYVILLE CENTER:
OPERATIONS $0 $0 $500 $500 $500 $500 $500
TECHNOLOGY- SOFTWARE & MAINTENANCE CONTRACTS $3,700 $3,700 $8,854 $9,031 $9,212 $9,396 $9,584
TECHNOLOGY - HARDWARE REPLACEMENT $0 $0 $1,500 $8,800 $1,200 $3,850 $0
PROMOTIONAL:
SPECIAL EVENTS $87,000 $87,000 $87,000 $87,000 $87,000 $87,000 $87,000
ECONOMIC DEVELOPMENT PROMOTIONAL $35,000 $35,000 $39,000 $39,780 $40,576 $41,387 $42,215
PERSONNEL - COMMUNICATIONS $41,029 $41,029 $48,981 $50,450 $51,964 $53,523 $55,129
CAPITAL:
COLLEYVILLE CENTER -
SITE MASTER PLAN- CARRY FORWARD $25,000 $25,000 $0 $0 $0 $0 $0
DYSON HAND DRYERS $3,000 $3,000 $0 $0 $0 $0 $0
REPLACEMENT DISHWASHER $6,350 $6,350 $0 $0 $0 $0 $0
FRIDGE MERCHANDISER $1,000 $1,000 $0 $0 $0 $0 $0
INCREASED INTERNET BANDWIDTH $5,428 $5,428 $0 $0 $0 $0 $0
AV UPGRADE $170,000 $200,000 $0 $0 $0 $0 $0
FACILITY UPDATES AND REPLACEMENTS $0 $30,000 $9,200 $0 $0 $0 $0
REPLACEMENT OF PALLADIUM WINDOWS $0 $0 $0 $150,000 $0 $0 $0
CITYWIDE TRAIL SYSTEM -
IMPROVEMENTS AT COTTON BELT - LD LOCKETT PARK TRAILHEAD - CARRY FORWARD $60,000 $60,000 $0 $0 $0 $0 $0
FUTURE TRAIL CONSTRUCTION (COTTON BELT TRAIL CONNECTION)$150,000 $50,000 $0 $0 $0 $0 $0
PLEASANT RUN TRAIL CONSTRUCTION (COTTON BELT TO JOHN MCMCAIN)$0 $0 $300,000 $0 $0 $0 $0
PARKS MASTER PLAN UPDATE $100,000 $0 $100,000 $0 $0 $0 $0
SENIOR CENTER
REPAIRS- CARRY FORWARD $100,000 $100,000 $0 $0 $0 $0 $0
FUTURE PROJECTS $1,000,000 $0 $900,000 $850,000 $850,000 $850,000 $850,000
TOTAL EXPENDITURES $2,809,707 $1,669,707 $2,743,720 $2,450,273 $2,311,425 $2,348,437 $2,329,030
EXCESS REVENUES OVER EXPENDITURES $0 $1,140,000 $0 $0 $0 $0 $0
ADD BACK .4 TIMES BOND COVERAGE RATIO $241,530 $241,530 $240,749 $237,882 $240,870 $241,658 $241,658
ENDING FUND BALANCE $1,870,614 $3,351,459 $2,602,229 $2,145,042 $1,846,277 $1,528,366 $1,247,078
COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION
ECONOMIC DEVELOPMENT CAPITAL IMPROVEMENT PROGRAM FY 2016 - FY 2020
Budget YE Projection Projection Projection Projection Projection Projection
FISCAL YEAR 2015 2015 2016 2017 2018 2019 2020
BEGINNING FUND BALANCE $2,412,373 $2,733,995 $2,733,324 $1,870,614 $1,171,658 $1,171,012 $1,172,216
REVENUES:
PROJECTED 1/2 CENT SALES TAX REVENUE $1,600,000 $1,720,000 $1,700,000 $1,700,000 $1,700,000 $1,717,000 $1,734,170
INTEREST INCOME $4,825 $4,825 $5,467 $3,741 $2,343 $2,342 $2,344
USE OF AVAILABLE CASH $932,791 $240,837 $1,104,240 $939,705 $238,528 $239,666 $233,147
TOTAL REVENUES $2,537,616 $1,965,662 $2,809,707 $2,643,446 $1,940,871 $1,959,008 $1,969,661
EXPENDITURES:
OPERATING:
ADMINISTRATIVE $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
2005 DEBT SERVICE & 1.4 TIMES COVERAGE $903,536 $840,582 $845,354 $842,621 $832,586 $843,046 $845,802
WATER / WASTEWATER- MC PHERSON PARK $18,000 $18,000 $18,540 $19,096 $19,669 $20,259 $20,867
PERSONNEL - SENIOR CENTER $67,106 $67,106 $70,536 $72,652 $74,832 $77,077 $79,389
PERSONNEL - LIBRARY $79,030 $79,030 $81,081 $83,513 $86,019 $88,599 $91,257
OPERATIONS - LIBRARY $4,553 $4,553 $4,689 $4,830 $4,975 $5,124 $5,278
OPERATIONS - COLLEYVILLE CENTER $0 $0 $3,700 $3,774 $3,849 $3,926 $4,005
PROMOTIONAL:
OLD TYME BBQ EVENT $15,000 $15,000 $0 $0 $0 $0 $0
TREE LIGHTING/HAUNTED TRAILS $36,000 $36,000 $0 $0 $0 $0 $0
RED, WHITE & SOUSA EVENT $36,000 $36,000 $0 $0 $0 $0 $0
SPECIAL EVENTS $0 $0 $87,000 $87,000 $87,000 $87,000 $87,000
ECONOMIC DEVELOPMENT PROMOTIONAL $21,000 $21,000 $35,000 $35,700 $36,414 $37,142 $37,885
PERSONNEL - COMMUNICATIONS $38,392 $38,392 $41,029 $42,260 $43,528 $44,834 $46,179
CAPITAL:
CITY PARK - LANDSCAPE AND AMENITIES- $114,000 CARRY FORWARD FROM FY14 $258,000 $258,000 $0 $0 $0 $0 $0
COLLEYVILLE CENTER -
REPLACEMENT OF CATERING OVEN $7,000 $7,000 $0 $0 $0 $0 $0
SITE MASTER PLAN- CARRY FORWARD $25,000 $25,000 $25,000 $0 $0 $0 $0
DYSON HAND DRYERS $0 $0 $3,000 $0 $0 $0 $0
REPLACEMENT DISHWASHER $0 $0 $6,350 $0 $0 $0 $0
FRIDGE MERCHANDISER $0 $0 $1,000 $0 $0 $0 $0
INCREASED INTERNET BANDWIDTH $0 $0 $5,428 $0 $0 $0 $0
AV UPGRADE $0 $0 $170,000 $0 $0 $0 $0
CITYWIDE TRAIL SYSTEM -
COTTON BELT II SPUR @ WEBB HOUSE CONSTRUCTION-CARRY FORWARD $50,000 $50,000 $0 $0 $0 $0 $0
PLEASANT RUN TRAIL CONSTRUCTION (BOGART TO MISSION)-CARRY FORWARD $277,000 $277,000 $0 $0 $0 $0 $0
IMPROVEMENTS AT COTTON BELT - LD LOCKETT PARK TRAILHEAD - CARRY FORWARD $100,000 $41,000 $60,000 $0 $0 $0 $0
FUTURE TRAIL CONSTRUCTION $0 $0 $150,000 $150,000 $150,000 $150,000 $150,000
PLEASANT RUN TRAIL CONSTRUCTION (COTTON BELT TO JOHN MCMCAIN)$0 $0 $0 $300,000 $0 $0 $0
PARKS MASTER PLAN UPDATE $0 $0 $100,000 $0 $0 $0 $0
SENIOR CENTER
REPAIRS- CARRY FORWARD $100,000 $0 $100,000 $0 $0 $0 $0
FUTURE PROJECTS $500,000 $150,000 $1,000,000 $1,000,000 $600,000 $600,000 $600,000
TOTAL EXPENDITURES $2,537,615 $1,965,662 $2,809,707 $2,643,446 $1,940,871 $1,959,008 $1,969,661
EXCESS REVENUES OVER EXPENDITURES $0 $0 $0 $0 $0 $0 $0
ADD BACK .4 TIMES BOND COVERAGE RATIO $258,152 $240,166 $241,530 $240,749 $237,882 $240,870 $241,658
ENDING FUND BALANCE $1,737,735 $2,733,324 $1,870,614 $1,171,658 $1,171,012 $1,172,216 $1,180,727
ASSUMPTIONS: FY 2016 1/2 of General Fund projection, FY 2017-2018: 0% GROWTH, FY 2019-2020: 1% GROWTH