HomeMy WebLinkAboutTax Increment Finance (TIF)-Agenda Packets-7/26/2023
City of Colleyville Page 1
CITY OF COLLEYVILLE
TAX INCREMENT FINANCING
DISTRICT BOARD AGENDA
100 Main Street, Colleyville, Texas, 76034
Executive Conference Room - Third Floor
WEDNESDAY, JULY 26, 2023 - 12:00 PM
1. CALL TO ORDER
2. CONSENT: READING AND PUBLIC HEARING - RESOLUTION R-23-01
2a Approval of the July 21, 2022 Tax Increment Financing District Board
Meeting Minutes
2b Approval of the January 18, 2023 Tax Increment Financing District
Board Meeting Minutes
3. PRESENTATION AND DISCUSSION
3a Review and discussion of the status of the Colleyville Tax Increment
Financing District
4. ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Friday, July 21, 2023
by 5:00 p.m.
Christine Loven, TRMC
City Secretary
A quorum of any Colleyville board, commission, or committee may be present at this
meeting. 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
817.503.1133, and reasonable accommodations will be made to assist you.
RESOLUTION R-23-01
A RESOLUTION APPROVING MINUTES OF THE TAX INCREMENT
FINANCING DISTRICT BOARD OF DIRECTORS MEETING
WHEREAS,the Colleyville Tax Increment Financing District Board of
Directors held a meeting on July 26, 2023.
NOW, THEREFORE, BE IT RESOLVED BY THE TAX INCREMENT
FINANCING DISTRICT BOARD OF DIRECTORS OF THE CITY OF
COLLEYVILLE TEXAS:
Sec 1. THAT the minutes of the Tax Increment Financing District
Board of Directors meeting held July 21, 2022 are hereby
approved.
Sec. 2. THAT the minutes of the Tax Increment Financing District
Board of Directors meeting held January 18, 2023 are hereby
approved
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF AYES, NAYS, ON THIS THE 26TH DAY OF JULY
2023.
ATTEST: COLLEYVILLE TAX INCREMENT
FINANCING DISTRICT BOARD
Christine Loven, TRMC Bobby Lindamood
City Secretary Chairman
City of Colleyville Page 1
City of Colleyville
Tax Increment
Financing District Board
MINUTES
City Hall
100 Main Street
Colleyville, Texas 76034
817. 503.1000
www.colleyville.com
Thursday, July 21, 2022
12:00 Noon
Executive Conference Room
Third Floor, City Hall
The Tax Increment Financing District Board of Directors meeting was called to
order by Chairman Bobby Lindamood on July 21, 2022, at 12:04 p.m.
ROLL CALL: Chairman Bobby Lindamood, Vice Chairman George Dodson, and
Directors Carol Bracken, Chuck Kelley, Callie Rigney, and Kathy Wheat.
ABSENT: Directors Rebecca Barksdale, John Eubanks, and Mark Hallman.
ALSO PRESENT: Finance Director Kyle Lester, City Manager Jerry Ducay,
Assistant City Manager Mark Wood, Assistant City Manager Adrienne Lothery, and
Assistant City Secretary Angela Larson.
2. CONSENT: READING AND PUBLIC HEARING - RESOLUTION R-22-01
2a Approval of the September 28, 2021 Tax Increment Financing District
Board Meeting Minutes
2b Approval of the January 27, 2022 Tax Increment Financing District
Board Meeting Minutes
Chairman Lindamood read Resolution R-22-01 in its entirety.
As there was no one present wishing to speak, Chairman Lindamood opened and
closed the public hearing.
Vice Chair Dodson made a motion to approve Resolution R-22-01, and
Director Kelley seconded the motion.
The motion to approve carried by the following vote:
Aye: 6 - Chairman Bobby Lindamood, Vice Chairman George Dodson, and
Directors Carol Bracken, Chuck Kelley, Callie Rigney, and Kathy Wheat.
Absent: 3 - Directors Rebecca Barksdale, John Eubanks, and Mark Hallman.
3. PRESENTATION AND DISCUSSION
3a Review and discuss the status of the Colleyville Tax Increment
Financing District
Tax Increment Financing District MINUTES July 21, 2022
City of Colleyville Page 2
Finance Director Kyle Lester presented this item and gave a brief background of
the TIF and timeline for the fiscal year. Director Lester gave an overview of the
project plans, noting revenue from the ISD may not be used on projects in the
amended project plan, and only City participation can be used on the TIF funded
economic development grants.
Director Lester reviewed the taxable value, TIF participation, and revenues and
expenses. He noted the active projects this year included Glade Road
improvements, SH26, City Hall renovations, Fire station renovations, City trails,
the Justice Center, Riverwalk Drive drainage improvements, and a few small
costs for Cheek-Sparger.
Director Lester provided the five-year working plan and project highlights which
included the SH26 corridor and gateway beautification, Glade Road, economic
development gift card program, and the southern gateway.
4. ADJOURNMENT
There being no further business before the Tax Increment Financing District
Board, Chairman Lindamood adjourned the meeting at 12:21 p.m.
APPROVED BY A VOTE OF AYES, NAYS, ON THIS THE DAY OF 202X.
Minutes taken and prepared by:
Angela Larson
Assistant City Secretary
City of Colleyville Page 1
City of Colleyville
Tax Increment
Financing District Board
MINUTES
City Hall
100 Main Street
Colleyville, Texas 76034
817. 503.1000
www.colleyville.com
Wednesday, January 18, 2023
12:00 p.m.
Executive Conference Room
Third Floor, City Hall
The Tax Increment Financing District Board of Directors meeting was called to
order by Chairman Bobby Lindamood on January 18, 2023, at 12:02 p.m.
ROLL CALL: Chairman Bobby Lindamood, Vice Chairman George Dodson, and
Directors John Eubanks, Shannon Fletcher, Callie Rigney, and Kathy Wheat.
ABSENT: Directors Theresa Parsons, Ronnie Watkins, and Chuck Kelley
ALSO PRESENT: Finance Director Kyle Lester, City Manager Jerry Ducay,
Assistant City Manager Adrienne Lothery, Accounting Manager Karen Hines, and
Secretary Christine Loven.
Chairman Lindamood thanked Directors George Dodson and Kathy Wheat for
their service and noted this will be their last meeting as both will term-out in
May.
2. PRESENTATION AND DISCUSSION
2a FY2022 year-end update
Finance Director Kyle Lester presented this item, gave a brief, high-level
presentation of the TIF’s background, purpose, participants, and financial position
through the end of FY2022. Director Lester gave an overview of the project
plans, noting when the TIF was created it had a project plan with an estimated
total TIF receipt value of $35 million. In 2012 the project plan was amended to
expand authorized spending categories and the revenue estimate for all
participants was calculated to be $44.5 million.
Director Lester reviewed the expenditures to date, the reconciliation process and
documents, and the five-year working plan. He stated all cost projections in the
project plans are estimates and are not a limitation, and noted revenue from
GCISD participation may not be used on any project category added by the 2012
amendment.
Director Lester provided the 5-year plan highlights which included the Colleyville
Gateways, Cheek-Sparger County Bond, Nature Center Trail, Robert’s Road
repair, and the Senior Center.
Tax Increment Financing District MINUTES January 18, 2023
City of Colleyville Page 2
There was general discussion of the projects in the 5-year plan and how the
property acquisitions will be redeveloped for economic growth.
3. ADJOURNMENT
There being no further business before the Tax Increment Financing District
Board, Chairman Lindamood adjourned the meeting at 12:37 p.m.
APPROVED BY A VOTE OF _ AYES, _ NAYS, ON THIS THE 26TH DAY OF JULY
2023.
Minutes taken and prepared by:
Christine Loven, TRMC
Secretary
City of Colleyville Page 1
CITY OF COLLEYVILLE
TAX INCREMENT FINANCING DISTRICT
BOARD BRIEFING
Agenda Number 3a Agenda Date 7/26/2023 Number
Type Presentation and Discussion
Department City Secretary
Title
Review and discussion of the status of the Colleyville Tax Increment Financing District
Explanation
Staff will provide a status update of the Five-Year Working Plan of the Colleyville Tax
Increment Financing (TIF) District and highlights of major projects.
Attachments
1. July 2023 TIF Board Meeting Presentation
2. FY 2023 - 2030 TIF CIP
3. FY23 Fund Summary
4. Letter for Board
Annual Board Meeting
City of Colleyville TIF Board
July 26, 2023
Background: Purpose of a TIF
•Chapter 311 of the Texas Tax Code
•To accelerate commercial development in an underdeveloped
area (geographic zone) or to renovate existing blighted
development in an area
•Entities contribute ad valorem taxes received from the
incremental value increase on property within the zone
•Provides for debt issuance for infrastructure improvements
within the zone
TIF Map
§1998 TIF #1 created
§2012 TIF #1a added
§2030 TIF expires
Background: FY 2023 Timeline
Dates Action
July 25, 2022 TAD certifies AV values for FY 2023
December 2022 City of Colleyville submits annual report for Fiscal Year
ended Sept. 30, 2022 (FY 2022) – due 90 days after FYE
January 2023 TIF Board meeting – Update on Financial Position & 5-Year
Working Plan
March 2023 Final Updates to property values received from TAD;
City of Colleyville invoices TIF partners for FY 2023
May 1, 2023 FY 2023 TIF payments due
June 2023 5-Year Capital Plan updated (FY24 – FY28)
July 26, 2023 Annual TIF Board meeting
July 25, 2023 New certified values released from TAD
Project Plans
Original Project Plan
Downtown Improvements
Plaza
Professional Services
Public Parking, land, engineering
Storm Drainage
Library
Hall-Johnson Road
Bluebonnet Drive
SH 26
Tinker/Sanders Intersection
Bogart
Church Street
Riverwalk Drive
Public Parking Structure
Main Street
City Hall
Fire Station
John McCain Road
School Improvements
Amended Project Plan
Economic Development TIF Grants
Roadway Improvements
Trails & Public Amenities
Administrative Expenses
Notes:
•All $ projections for project costs are
estimates and are not a limitation
•Revenue from ISD participation may not be
used on any project category added by the
2012 amendment
•Only revenue from City participation can
be used on TIF Grants category
TIF Taxable Value Update
1998 Taxable Base Value:$75,821,735
2022 Taxable Value:$516,824,638
Incremental Value Increase:$441,002,903
2022 New Construction:$0
Expanded TIF Area Base Value:$30,796,078
2022 Taxable Value: $48,878,804
Incremental Value Increase:$18,082,726
2022 New Construction:$0
TIF Participation
Entity Rate Still Participating?
City of Colleyville 100%YES
Grapevine Colleyville ISD 100% M&O*YES
Tarrant County 100%NO - $4.35M cap reached in 2012
Tarrant County College District 100%YES
Tarrant County Hospital District 100%NO - $3.85M cap reached in 2012
* 74% dedicated to $27 million in general public improvements and remaining 26% dedicated to
GCISD school improvements
FY 2023 YTD Revenues/Expenses
5-Year Plan
•January 2018 TIF Board meeting - shared first 5-year Working Plan
•Continue to update plan 2x each year to share at January and July
TIF Board meetings
•January 2020 TIF Board meeting – Shared an updated work plan
that forecasts revenue/fund balance through 12/31/2030
•September 2021 TIF Board meeting – Continued work plan through
12/31/2030
•January/July 2022 and 2023 TIF Board updates and board meeting
5-Year Plan Highlights
Project Budgeted Remaining Cost Est. Timeline
Colleyville Gateways (Towers)$4 million remaining 2023/2024 Completion
Cheek-Sparger Road $4.5m (TIF-funding)2024 Design, 2027 Completion
Heroes Park $5.25m (TIF-funding)2025/2026 Construction
Balance Projection
Major Project Highlights (not exhaustive)
TIF Project Highlights
Glade Road
Gift Cards
Southern Gateway
Heroes Park
Cheek-Sparger
Questions & Discussion
Title Original Project Plan Grants
Category
Roadway
Improvements
Trails & Public
Amenities
Admin.
Expenses
TOTAL
Amended
Project Plan
Fund Total
Estimated 10/1/2023 Available Balances $162,071 $476,709 $638,780
Cheek-Sparger County Bond Project - Design $0 $0 $2,000,000 $0 $0 2,000,000$ 2,000,000$
Facilities Rehabilitation - Plaza Stone Restoration $125,000 $0 $0 $0 $0 -$ 125,000$
New Park Amenity - Rec Center Fence/Signage $0 $0 $0 $150,000 $0 150,000$ 150,000$
Water Project 11: Tinker Road Water/Drainage/Road Reconstruction $0 $0 $650,000 $0 $0 650,000$ 650,000$
Green Ribbon Beautification - 2024 $720,000 $0 $0 $0 $0 -$ 720,000$
Glade and Roberts Intersection $325,000 $0 $0 $0 $0 -$ 325,000$
-$ -$
Sum Of Total Project Cost:$1,170,000 $0 $2,650,000 $150,000 $0 $2,800,000 $3,970,000
(-) Costs not included in project list $715,000 $1,500,000 $0 $0 $0 $1,500,000 $2,215,000
(+) FY24 Budgeted Contribution $4,494,000 $0 $0 $0 $0 $1,926,000 $6,420,000
Estimated 10/1/2024 Available Balance $2,771,071 ($1,897,291)$873,780
Bedford Rd Trl $0 $0 $125,000 $0 $0 $125,000 $125,000
Drainage Improvements - TIF Contribution $100,000 $0 $0 $0 $0 $0 $100,000
Montclair Sidewalk Construction $0 $0 $0 $400,000 $0 $400,000 $400,000
Sum Of Total Project Cost:$100,000 $0 $125,000 $400,000 $0 $525,000 $625,000
(-) Costs not included in project list $732,600 $1,500,000 $0 $0 $0 $1,500,000 $2,232,600
(+) FY25 Budgeted Contribution $4,606,350 $0 $0 $0 $0 $1,974,150 $6,580,500
Estimated 10/1/2025 Available Balance $6,544,821 ($1,948,141)$4,596,680
Heroes Park $5,250,000 $0 $0 $0 $0 $0 $5,250,000
$0 $0
Sum Of Total Project Cost:$5,250,000 $0 $0 $0 $0 $0 $5,250,000
(-) Costs not included in project list $750,904 $1,200,000 $0 $0 $0 $1,200,000 $1,950,904
(+) FY26 Budgeted Contribution $4,721,509 $0 $0 $0 $0 $2,023,504 $6,745,013
Estimated 10/1/2026 Available Balance $5,265,426 ($1,124,637)$4,140,789
Cheek-Sparger County Bond Project - Construction $0 $0 $2,500,000 $0 $0 $2,500,000 $2,500,000
Drainage Improvements - Annual Allottment $100,000 $0 $0 $0 $0 $0 $100,000
$0 $0
Sum Of Total Project Cost:$100,000 $0 $2,500,000 $0 $0 $2,500,000 $2,600,000
(-) Costs not included in project list $769,940 $1,500,000 $0 $0 $0 $1,500,000 $2,269,940
(+) FY27 Budgeted Contribution $4,839,546 $0 $0 $0 $0 $2,074,091 $6,913,638
Estimated 10/1/2027 Available Balance $9,235,032 -$1,500,000 $0 $0 $0 ($3,050,546)$6,184,486
FY 2028-2030
(+) FY28 Revenue $4,960,535 $0 $0 $0 $0 $2,125,944 $7,086,479
(-) FY28 Expenses/Transfers Out $789,738 $1,500,000 $1,500,000 $2,289,738
(+) FY29 Revenue $5,084,549 $0 $0 $0 $0 $2,179,092 $7,263,641
(-) FY29 Expenses/Transfers Out $810,327 $1,000,000 $1,000,000 $1,810,327
(+) FY30 Revenue $5,211,662 $0 $0 $0 $0 $2,233,570 $7,445,232
(-) FY30 Expenses/Transfers Out $831,740 $988,060 $988,060 $1,819,800
Estimated 10/1/30 Available Balances $22,059,973 -$4,988,060 $0 $0 $0 $0 $22,059,972
TIF to Repay City of Colleyville Capital Funds as Available for Cash-Flow Assistance $19,134,261 $0 $19,134,261
End-of-Life Balance $2,925,711 $0 $2,925,711
TOTAL
AMENDED
PLAN
REMAINING FUNDS AVAILABLE AT BEG. OF FY 2013 8,412,462 6,644,593 6,644,593
TIF REVENUES GCISD GCISD
INTEREST
Transfer from
Capital Project
Funds
Grant
Proceeds
TOTAL
REVENUE
ATTRIBUTED
TO GCISD &
OTHER
TARRANT
COUNTY
COLLEGE
DISTRICT
TIF 1
TARRANT
COUNTY
COLLEGE
DISTRICT
TIF 1A
TARRANT
COUNTY
COLLEGE
DISTRICT
INTEREST
TOTAL TCCD
REVENUE
CITY OF
COLLEYVILLE
TIF 1
CITY OF
COLLEYVILLE
TIF 1A
CITY OF
COLLEYVILLE
BUSINESS
CENTER
Grant /
Federal
Proceeds
Transfer from
Capital Project
Funds
CITY OF
COLLEYVILLE
INTEREST
CITY OF
COLLEYVILLE
INVESTMENT
INCOME
TOTAL CITY
REVENUE
2013 2,603,006 11,505 - 2,614,511 375,547 - 1,563 377,110 894,051 - 3,694 897,745 2,614,511
2014 3,471,104 7,682 - 3,478,786 380,609 770 1,029 382,408 902,356 1,833 2,430 906,619 3,478,786
2015 2,724,898 8,664 - 2,733,562 387,780 3,468 1,244 392,492 919,358 8,285 2,932 930,575 2,733,562
2016 2,774,652 52,512 271,173 3,098,337 397,577 5,900 7,540 411,017 942,549 14,075 17,727 974,351 2,827,164
2017 3,243,782 113,389 - 3,357,171 449,064 11,637 16,104 476,805 1,048,073 26,957 37,579 1,112,609 3,357,171
2018 3,846,737 165,686 - 4,012,423 515,031 12,777 22,734 550,542 1,223,258 30,455 54,000 1,307,713 4,012,423
2019 4,142,901 346,112 - 4,489,013 555,043 - 46,370 601,413 1,265,513 38,575 108,716 1,412,804 4,489,013
2020 4,330,357 118,378 - 4,448,735 538,530 20,065 23,496 582,091 1,264,590 47,294 55,183 1,367,067 4,448,735
2021 4,471,413 1,114 10,000,000 121,997 14,594,524 559,465 20,165 224 579,854 1,303,216 46,824 66,154 670,759 541 2,087,494 4,472,527
2022 4,370,875 - - 39,458 4,410,332 543,138 20,949 - 564,087 1,212,294 46,645 157,887 630,723 5,134,261 7,181,811 4,370,875
2023 3,677,624 - - - 3,677,624 561,702 23,485 - 585,187 1,141,325 47,803 52,048 - 4,000,000 - 22,531 5,263,707
TOTAL TIF REVENUES 39,657,349 825,042 10,271,173 161,455 50,915,019 5,263,486 119,216 120,304 5,503,006 12,116,583 308,746 276,089 1,301,482 9,134,261 282,802 22,531 23,442,494 28,945,500
TIF EXPENDITURES AS
OF 6.7.18
ORIGINAL
PLAN
ADMIN.
EXPENSES
TRAILS &
PUBLIC
AMENITIES
ROADWAY
IMPROVEM.TIF GRANTS
FY 2013 Total 1,543,634 - - - 485,936 - - - - 764,077
FY 2014 Total 2,424,710 - - - 479,603 - - - - 625,000
FY 2015 Total 3,970,734 - - - 637,187 - - - - 705,000
FY 2016 Total 2,305,386 - - - 602,802 - - - - -
FY 2017 Total 2,011,536 - - - 1,933,872 - - - - -
FY 2018 Total 1,624,774 - - 50,534 1,598,284 - - - - 123,050
FY 2019 Total 3,920,269 - - 133,986 479,504 - - - - 174,843
FY 2020 Total 16,414,957 - - 704,580 901,381 - - - - 896,725
FY 2021 Total 14,918,553 - - 1,715,968 6,065,586 - - - - 1,177,133
FY 2022 Total 4,856,202 - - 172,309 5,858,875 - - - - 1,173,862
2023-LAND 5,000 - - - - - - - - -
2023-SH 26 563,361 - - - - - - - - -
2023-PROFESSIONAL SERVICES 29,980 - - - - - - - - -
2023-PROFESSIONAL SERVICES - COLLEYVILLE GATEWAY 1,851,422 - - - - - - - - -
2023-HALL JOHNSON - MEDIAN IMPROVEMENTS 49,338 - - - - - - - - -
2023-CITY HALL - GOUNDS / IMPROVEMENTS 494,312 - - - - - - - - -
2023-DOWNTOWN IMPROVEMENTS - VOA DUES 25,762 - - - - - - - - -
2023-PROPERTY TAXES 19,853 - - - - - - - - -
2023-TRANSFER TO OTHER FUND-BUDGET TRANSFER 210,094 - - - - - - - - -
2023-STORM DRAINAGE MASTER PLAN 1,980 - - - - - - - - -
2023-HALL LOHNSON IMPROVEMENTS 2,995 - - - - - - - - -
2023-ROADWAY IMPROVEMENTS - GLADE RD DESIGN PHASE 2,3,4 - - - - 50,210 - - - - -
2023-ROADWAY IMPROVEMENTS - GLADE ROAD PHASE11-CONST - - - - 1,056,253 - - - - -
2023-ECONOMIC DEVELOPMENT GRANT - - - - - - - - - 823,382
2023-TRAILS & PUBLIC AMENITIES - SMALL SEGMENT/TRAIL - - - 20,563 - - - - - -
2023-ROADWAY IMPROVEMENTS-CHEEKSPARGER - - - - 53,832 - - - - -
TOTAL TIF EXPENDITURES 57,244,852 - - 2,797,940 20,203,326 - - - - 6,463,072 29,464,338
ORIGINAL PROJECT PLAN AMENDED PROJECT PLAN
TIF RECONCILIATION
2013 - 2022
TAXABLE VALUE:
GCISD County & Hospital County College City of Colleyville
Colleyville TIF #1
TAX YEAR 2022 / FY 20223 TAXABLE VALUE $510,244,037 518,489,638 516,824,638
1998 BASE VALUE $75,593,230 75,779,230 75,821,735
INCREMENTAL VALUE INCREASE $434,650,807 $0 $442,710,408 441,002,903
Colleyville TIF #1A
TAX YEAR 2022 / FY 2023 TAXABLE VALUE 49,000,804 48,878,804
2012 BASE VALUE 30,811,178 30,796,078
INCREMENTAL VALUE INCREASE $0 $18,189,626 18,082,726
NOTE: Taxable value can vary slightly for each taxing entity based on differing exemptions
REVENUES:
Tax Increment Revenues TIF #1 -
CITY OF COLLEYVILLE (0.00256026 x TIF#1 incremental value)(0.00009592xTIF#1 incremental val.)1,141,325
TARRANT COUNTY COLLEGE DISTRICT (0.0013017 x TIF#1 incremental value)561,702
GRAPEVINE COLLEYVILLE ISD -TOTAL PAYMENT* (0.0086910 x TIF#1 incremental value)3,677,624
TARRANT COUNTY #CAPPED -
TARRANT COUNTY HOSPITAL DISTRICT #CAPPED -
TOTAL 5,380,651
Tax Increment Revenues TIF #1A -
CITY OF COLLEYVILLE (0.00256026 x TIF#1 incremental value)(0.00009592xTIF#1 incremental val.)47,803
TARRANT COUNTY COLLEGE DISTRICT (0.0013017 x TIF#1 incremental value)23,485
TOTAL TAX REVENUE 5,451,938
CITY OF COLLEYVILLE BUSINESS CENTER 52,048
TRANSFER FROM UTILITY FUND 4,000,000
INVESTMENT INCOME/LOSSES 22,531
TOTAL NON-TAX REVENUE 4,074,579
TOTAL FUND REVENUE 9,526,517
*THIS IS CALCULATED BASED ON THE COMPRESSED M&O TAX RATE, AS STIPULATED BY STATE LAW (H.B. 3646 [81])
** 26% OF THE PAYMENT IS RETURNED TO GCISD PER CONTRACT
*** SUPPLEMENTAL PAYMENT FOR DIFFERENCE IN CURRENT M&O TAX RATE OF $1.04 AND $1.471 2005 M&O TAX RATE
# CONTRACTUAL OBLIGATION FOR PAYMENT OF INCREMENTAL REVENUES HAS BEEN MET
TIF ANNUAL REPORT - CITY OF COLLEYVILLE
FISCAL YEAR ENDED SEPTEMBER 30, 2023 (FY 2023)
TIF ANNUAL REPORT - CITY OF COLLEYVILLE
FISCAL YEAR ENDED SEPTEMBER 30, 2023 (FY 2023)
EXPENDITURES & DEBT PAYMENT:
Original Project Plan-
DEBT PAYMENTS & COSTS
PLAZA- CONCEPTUAL DESIGN
LAND 5,000
SH 26 563,361
PROFESSIONAL SERVICES 29,980
PROFESSIONAL SERVICES - COLLEYVILLE GATEWAY 1,851,422
HALL JOHNSON - MEDIAN IMPROVEMENTS 49,338
CITY HALL - GOUNDS / IMPROVEMENTS 494,312
PROPERTY TAXES 19,853
DOWNTOWN IMPROVEMENTS - VOA DUES 25,762
TRANSFER TO OTHER FUND-TIF PERSONNEL 210,094
STORM DRAINAGE MASTER PLAN 1,980
HALL JOHNSON - IMPROVEMENTS 2,995
Amended Project Plan-
ROADWAY IMPROVEMENTS - GLADE RD DESIGN PHASE 2,3,4 50,210
ROADWAY IMPROVEMENTS - GLADE RD PHASE 11-CONST 1,056,253
ECONOMIC DEVELOPMENT GRANT 823,382
TRAILS & PUBLIC AMENITIES - SM SDWALK 5GMTS/TRAIL FY 21 20,563
ROADWAY IMPROVEMENTS- CHEEKSPARGER 53,832
TOTAL EXPENDITURES & DEBT PAYMENTS 5,258,338
CASH BALANCE:
TOTAL TIF CASH AND INVESTMENTS AS OF 7/19/2023 5,135,268