HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC) Resolutions (R-23-167)-08/23/2023RESOLUTION R-23-167
A RESOLUTION ADOPTING THE ECONOMIC DEVELOPMENT CAPITAL
IMPROVEMENT PROGRAM (EDCIP) FOR FISCAL YEARS 2024-2028
WHEREAS, the bylaws of the Colleyville Economic Development Corporation
require that an Economic Development Capital Improvement
Program (EDCIP) be developed, setting forth long and short-
term goals that address the needs of the City within the financial
constraints of revenues available to the Corporation; and
WHEREAS, the EDCIP shall identify projects to be undertaken by the
Corporation and the expected cost of the implementation.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION:
Sec. 1. THAT the Economic Development Capital Improvement Program
of the Colleyville Economic Development Corporation (Exhibit A)
is hereby adopted.
Sec. 2. THAT once approved, the EDCIP will be forwarded to the City
Council for their subsequent approval.
Sec. 3. THAT this Resolution shall become effective on the date of
passage.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF 5 AYES, 0 NAYS, ON THIS 22ND DAY OF AUGUST
2023.
President Bobby Lindamood
Aye
Director Brandi Elder
Aye
Director Callie Rigney
Aye
Director Scotty Richardson
Aye
Director Ralph Hunkins
Absent
Director John Terhoeve
Aye
ATTEST:
Christine Loven, TRMC
Secretary
COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION
Bobby Lindamood
President
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COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION
ECONOMIC DEVELOPMENT BUDGET & CAPITAL IMPROVEMENT PROGRAM FY 2024 - FY 2028
FISCAL YEAR
BEGINNING FUND BALANCE
REVENUES:
1/2 CENT SALES TAX REVENUE
GRANT PROCEEDS
INTEREST INCOME
TOTAL REVENUE
EXPENDITURES:
ADMINISTRATIVE:
PARKS:
BEAUTIFICATION/LANDSCAPE SUPERVISOR &
PARKS MAINTENANCE TECH 1
WATER/ WASTEWATER -MC PHERSON PARK
TECHNOLOGY -HARDWARE REPLACEMENT
MAINTENANCE
RECREATION:
PERSONNEL
LIBRARY:
PERSONNEL
OPERATIONS
OFFICE EQUIPMENT/FURNITURE MAINTENANCE
TECHNOLOGY- HARDWARE REPLACEMENT
SENIOR CENTER:
PERSONNEL
OPERATIONS
TECHNOLOGY -HARDWARE REPLACEMENT
COLLEYVILLE CENTER:
PERSONNEL
OPERATIONS
ADVERTISING
MONUMENT SIGN
TECHNOLOGY -SOFTWARE & MAINTENANCE CONT
TECHNOLOGY- HARDWARE REPLACEMENT
SPECIAL EVENTS:
MOVIES IN THE VILLAGE
STARS & GUITARS
TREE LIGHTING / CHRISTMAS EVENT
HARVEST FESTIVAL
FARMERS MARKET
FINE ARTS EVENT
SPECIAL EVENTS
TOTAL OPERATING EXPENDITURES
EXCESS REVENUES OVER EXPENDITURES
CAPITAL:
SIDEWALK/TRAIL CONSTRUCTION/GRANT MATCH
RESTROOM FACILITY RENOVATIONS
SENIOR CENTER
AWNING: PARKS VEHICLES
KIMZEE PARK IMPROVEMENTS
WOODBRIAR PARK IMPROVEMENTS
FIRE STATIONS 2 & 3 LANDSCAPING
LIBRARY EQUIPMENT AND CAPITAL
SECURITY CAMERAS
NEW PARK AMENITY
DREDGING OF NATURE CENTER PONDS
HEROES PARK
TOTAL CAPITAL EXPENDITURES
TOTAL EXPENDITURES (OPERATING & CAPITAL)
USE OF FUND BALANCE ON CAPITAL
PROJECTS/(ADDITIONS TO FUND BALANCE)
ENDING FUND BALANCE
Budget
2023
Projection
2023
Projection
2024
Projection
2025
Projection
2026
Projection
2027
Projection
2028
$6,480,855
$6,480,955
$6,586,515
$6,007,079
$6,219,674
$6,519,552
$6,684,203
$2,400,000
$2,617,970
$2,586,554
$2,638,286
$2,704,243
$2,221,849
$2,841,145
$225,000
$0
$225,000
$227,250
$229,523
$231,818
$234,136
$10,000
$100,000
$60,000
$63,000
$63,630
$64,266
$64,909
$2,635,000
$2,717,970
$2,871,554
$2,928,536
$2,997,395
$3,067,933
$3,140,190
$2,000
$177,319
$5,628
$310,942
$0
$2,000 $2,000 $2,060 $2,122 $2,185 $2,251
$103,351 $176,459 $186,239 $195,878 $206,203 $216,451
$1,560 $5,628 $5,684 $5,720 $5,856 $5,944
$310,942 $310,942 $314,051 $318,762 $323,544 $328,397
$0 $411,033 $434,002 $456,610 $480,844 $504,870
$408,953
R
$379,753
$422,570
$439,840
$457,499
$475,977
$494,911
$34,875
$14,920
$40,987
$42,488
$44,127
$45,841
$47,634
$32,756
$32,756
$32,756
$33,084
$33,580
$34,084
$34,595
$30,600
$30,600
$30,600
$30,906
$31,370
$31,840
$32,318
$106,996
$119,426
$112,385
$118,170
$123,917
$130,042
$136,163
$500
$0
$500
$500
$500
$500
$500
$3,100
$0
$3,100
$3,136
$3,191
$3,246
$3,302
$141,268
$141,268
$96,245
$101,108
$105,950
$111,103
$116,262
$5,000
$5,000
$4,400
$4,444
$4,511
$4,578
$4,647
$45,000
$24,721
$45,000
$45,450
$46,132
$46,824
$47,526
$16,500
$16,500
$0
$0
$0
$0
$0
$2,241
$7,241
$7,241
$2,313
$7,423
$7,534
$7,647
$3,850
$3,850
$4,450
$4,495
$4,562
$4,630
$4,700
$15,375
$15,375
$0
$0
$0
$0
$0
$95,000
$95,000
$160,000
$161,600
$164,024
$166,484
$168,982
$65,000
$65,000
$100,000
$101,000
$102,515
$104,053
$105,614
$21,000
$21,000
$21,000
$21,210
$21,523
$21,851
$22,179
$10,000
$10,000
$0
$0
$0
$0
$0
$10,250
$10,250
$0
$0
$0
$0
$0
$10,000
$10,000
$3,625
$3,661
$3,716
$3,172
$3,828
$1,559,154
$1,420,513
$1,990,921
$2,060,441
$2,133,685
$2,210,992
$2,288,720
$1,075,846
$1,297,457
$880,634
$868,094
$863,710
$856,941
$851,470
$550,000
$550,000
$550,000
$555,500
$563,833
$572,290
$580,874
$150,000
$150,000
$0
$0
$0
$0
$0
$100,000
$100,000
$0
$0
$0
$0
$0
$0
$0
$100,000
$0
$0
$0
$0
$0
$0
$425,000
$0
$0
$0
$0
$0
$0
$200,000
$0
$0
$0
$0
$50,000
$50,000
$0
$0
$0
$0
$0
$141,797
$141,797
$185,070
$0
$0
$0
$0
$100,000
$100,000
$0
$100,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$200,000
$0
$0
$0
$0
$0
$120,000
$0
$100,000
$100,000
$0
$0
$0
$0
$0
$1,191,797
$1,191,792
$1,460,070
$655,500
$563,833
$692,290
$780,874
$2,750,951
$2,612,310
$3,450,991
$2,715,941
$2,697,517
$2,903,282
$3,069,594
$115,951 $0 $579,436 $0 $0 $0 $0
$6,364,904 $6,586,515 $6,007,079 $6 219,674 $6,519,552 $6,689 203 $6,754,799