HomeMy WebLinkAboutParks and Rec Advisory Board-Agenda Packets-4/7/2025
City of Colleyville Page 1
CITY OF COLLEYVILLE
PARKS AND RECREATION
ADVISORY BOARD AGENDA
Colleyville Recreation Center – 5008 Roberts Road
MONDAY, APRIL 7, 2025 - 6:00 PM
1. CALL TO ORDER
2. INTRODUCTION OF NEW MEMBER AND ANNOUNCEMENTS
3. APPROVAL OF MINUTES
January 6, 2025
4. REGULAR AGENDA ITEMS
4a Discussion of the May 3, 2025 Bond Election
4b Update on the Tree Board project within City parks
4c Director's Report
4d Election of a Chair and Vice Chair to serve a one-year term
5. ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Thursday, April 3, 2025
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.
City of Colleyville Page 1
CITY OF COLLEYVILLE
PARKS AND RECREATION
ADVISORY BOARD
MINUTES
Recreation Center - 5008 Roberts Road
MONDAY, JANUARY 6, 2025 – 6:00 PM
1. CALL TO ORDER
Chair John Hillebrand called the meeting to order at 6:03 p.m. and called the roll.
Present: Chair John Hillebrand, Board members, Amy Ackerman, James
Poettcker, Eric Presson, Michael Sabbia, and Joe Stout.
Absent: Vice Chair Julie George and member Dustan Goodell.
Also Present: Parks and Recreation Director Lisa Escobedo and City Secretary
Christine Loven.
2. APPROVAL OF MINUTES
2a Parks and Recreation Advisory Board Minutes - October 14, 2024
Member Eric Presson made a motion to approve the minutes of October 14, 2024,
seconded by member James Poettcker, and passed unanimously.
3. REGULAR AGENDA ITEMS
3a Recreation Center Expansion Update
Parks and Recreation Director Lisa Escobedo gave a presentation on the revised
expansion plan of the Recreation Center. She stated at the open house held earlier
last year, residents were able to review the first draft of the renovation. Residents
expressed two main concerns, first, they felt the expansion should be increased to
provide more equipment and space for a fitness component so another expansion
would not be needed and residents along the property did not want the masonry
wall. Director Escobedo stated City Council reviewed the citizen requests and this
presentation provides for an increased expansion of the fitness area, the addition
of another gym, and a longer walking track.
There was discussion of the challenges and solutions of increased noise level to
the upstairs walking track and fitness area, caused by the gym below. The Board
also discussed membership, Lifetime Fitness, and the reasonableness of the tax
increase to provide for the Recreation Center.
Parks and Recreation Advisory Board Minutes January 6, 2025
City of Colleyville Page 2
A fact sheet, which can be shared with the Board regarding the Recreation Center
and the bond election, was discussed and will be provided at a later date.
3b Discussion of a Tree Board project
Parks and Recreation Director Lisa Escobedo provided an overview of the newly
appointed Tree Board. She noted Parks and Recreation Chair John Hillebrand is
serving the Tree Board. Director Escobedo provided an overview of trees within
the City’s park system and she and Chair Hillebrand discussed the tree grant
program for parkways and HOA’s. The Board stated they are confident with
Director Escobedo and her staff and do not feel there is any direction for them to
provide regarding trees within the parks. The Board thanked Director Escobedo
and Chair Hillebrand for their work on the Tree Board.
3c Director's Report
Director Escobedo reviewed the written Director’s Report and answered questions
of the Board. The Board thanked Director Escobedo for her work and noted the
accomplishments are impressive and many.
4. ADJOURNMENT
There being no further business to come before the Board, Chair John Hillebrand
adjourned the meeting at 6:58 p.m.
APPROVED ON THIS THE 7TH DAY OF APRIL 2025.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary
City of Colleyville Page 1
CITY OF COLLEYVILLE
PARKS AND RECREATION ADVISORY
BOARD BRIEFING
Agenda Number 4a Agenda Date 4/7/2025 Number 4a
Type Regular Agenda Items
Department Parks and Recreation
Title
Discussion of the May 3, 2025 Bond Election
Explanation
On Election Day, May 3, the City of Colleyville is asking residents to vote for or against
the City's authority to issue up to $20 million in general obligation bonds for parks and
recreation facilities, including the expansion of the current Recreation Center at 5008
Roberts Road.
The City mailed a postcard to all City residents informing the community of the election,
has posted the proper legal information on the City's Election web page, and has
provided a Recreation Center history, fact sheet, and financial presentation (the latter
two are attached) and is available at:
https://www.colleyvilleparksandrec.com/recreation/recreation-center-info.
The ballot language is as follows:
Proposition A
“THE ISSUANCE OF $20,000,000 IN GENERAL OBLIGATION BONDS FOR PARKS AND
RECREATIONAL FACILITIES AND RELATED IMPROVEMENTS INCLUDING EXPANSION OF
THE COLLEYVILLE RECREATION CENTER AND THE IMPOSITION OF A TAX SUFFICIENT
TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS.”
The Colleyville Recreation Center - Annex A, located at 5008 Roberts Road (behind the
Recreation Center) is an early voting and election day voting site.
There are an additional 44 voting locations throughout Tarrant County and a full listing
of locations may be found at:
https://www.tarrantcountytx.gov/en/elections/current-election-information.html
Early Voting and Election Day Schedule:
April 22‐25 Tuesday‐Friday 8:00 a.m.–5:00 p.m.
April 26 Saturday 7:00 a.m.–7:00 p.m.
April 27 Sunday 10:00 a.m.–4:00 p.m.
City of Colleyville Page 2
Parks and Recreation
Advisory Board
Agenda Briefing 4a
April 28‐29 Monday–Tuesday 7:00 a.m.–7:00 p.m.
May 3 - Election
Day
Saturday 7:00 a.m.–7:00 p.m.
Attachments
1. Rec Center Expansion FAQ
2. City of Colleyville Plan of Finance
City of Colleyville
Proposition Seeking $20M Bond Issue
Recreation Center Expansion
What is the purpose of the proposition?
The City of Colleyville is asking voters to vote for or against the City issuing up to $20 million in
general obligation bonds to expand the current Recreation Center, located at 5008 Roberts
Road.
Did the City already ask this question in May 2024?
The May 2024 election included the following advisory referendum question:
Should the City of Colleyville place a proposition on a future election ballot asking the City’s
voters to authorize the issuance of ad valorem tax bonds for expansion of the Colleyville
Recreation Center, which may include a fitness center, locker room, indoor track, and multi-use
field?
Voters approved this measure 74% in favor and 26% against. After the voters approved this
measure, the City hired an architect to study the site, provide concepts of a potential
expansion, and estimate the cost of an expansion. In response to this effort, the City now poses
a question regarding the tax increase to fund the proposed improvements. The proposition will
be presented on the ballot as follows:
“THE ISSUANCE OF $20,000,000 IN GENERAL OBLIGATION BONDS FOR PARKS AND
RECREATIONAL FACILITIES AND RELATED IMPROVEMENTS INCLUDING EXPANSION OF THE
COLLEYVILLE RECREATION CENTER AND THE IMPOSITION OF A TAX SUFFICIENT TO PAY THE
PRINCIPAL OF AND INTEREST ON THE BONDS.”
What is currently offered at the Recreation Center?
The Recreation Center building is 38,000 square feet on a 15-acre site. The site also includes a
4,000-square-foot Annex building currently used for voting. The Recreation Center includes a
full-size competition gymnasium, a smaller auxiliary gym, game room, classrooms, group
exercise room, and administrative offices. The Recreation Center offers youth volleyball and
basketball leagues, open play, indoor pickleball, and a variety of classes for youth and adults.
If approved, what would the expansion include? What would the building look like?
The City has worked with an architect to develop initial concepts and space programming. The
expansion would include:
• 8,900-square-foot fitness area with equipment
• 8-foot wide indoor track
• Locker rooms
• Additional 6,175-square-foot gymnasium (slightly larger than the existing auxiliary gym)
• Outdoor site/field improvements (walking trail, sitting areas, grass improvements,
landscaping, etc.).
Other amenities could be included during the design process such as a crossfit area, splash
pad, playground, and shade structures. The conceptual plans add approximately 31,000
square feet of building space to the existing structure. The conceptual designs are included
below.
If approved, when would construction begin?
Construction would likely begin in 2026 after the City hires an architect for full design plans and
construction drawings. This process would include additional public dialogue.
If approved, when will the bonds be sold?
The City is working with a financial advisor and bond counsel on the timing and issuance of
bonds.
What is the financial impact to taxpayers for the issuance of $20 million in bonds?
The financial impact to the average single-family house would be $18.89 per month or $226.68
per year in additional property tax. Additionally, the City intends to bring forth a second
Proposed
Expansion 1st Floor
Proposed
Expansion 2nd Floor
referendum at a later time to fund the annual operating cost (as outlined below). State law
does not allow the operating question to be presented to voters on the May ballot.
If approved and constructed, what additional operational costs are anticipated and how will
they be funded?
The City estimates the annual operating costs attributable to the expansion to be
approximately $400,000. Those costs may be funded using existing operating revenue or
through a voter-approved tax increase in the Maintenance and Operation (M&O) portion of the
City’s property tax rate. State law requires any M&O rate increase to be considered by the
voters on a November ballot. The City intends to bring a ballot measure forth that will request
additional funding via the M&O tax rate. The estimated $400,000 annual maintenance cost
would result in an increase of $4.53 per month or $54.36 per year in additional property tax for
the average single-family house.
City of Colleyville, TX
February 4, 2025
Financing Overview
Steven Adams, CFA | Managing Director
Office 214.373.3911 | Cell 214.608.2293
steven@spfmuni.com
Paul Jasin | Managing Director
Office 214.373.3911 | Cell 214.288.7898
paul@spfmuni.com
Will Smith | Director
Office 214.373.3911 | Cell 936.524.3618
will@spfmuni.com
The City of Colleyville, TX (the “City”) is considering calling a bond referendum for the issuance of General
Obligation Bonds (the “Bonds”) to be considered by voters on May 3, 2025.
Plan of Finance Overview
1
GO Bonds, Series 2025
Project Fund Deposit $20,000,000
Estimated Interest Rate
(current rates +25 basis points)4.17%
Term 20 Years
Estimated
Maximum Annual Debt Service $1,509,630
Estimated Required
I&S Tax Rate increase *$0.031 Cents
Estimated Monthly Impact of Average
Single-Family Home**$18.89
Notes:
*Based on 98% collections.
**Based on average taxable value of a single-family home ($731,417).
Proforma Analysis -$20,000,000 Bond
2
FYE Dated: July TIC @ 4.17%Total
9/30 Principal (3)Interest D/S
2025 5,167,132,223$ 953,025$ -$ -$ -$ 953,025 0.016$
2026 5,167,132,223 951,075 475,000 938,755 1,413,755 2,364,830 0.047 0.031
2027 5,167,132,223 948,925 575,000 839,380 1,414,380 2,363,305 0.047
2028 5,167,132,223 875,925 700,000 807,505 1,507,505 2,383,430 0.047
2029 5,167,132,223 871,675 735,000 771,630 1,506,630 2,378,305 0.047
2030 5,167,132,223 871,300 775,000 733,880 1,508,880 2,380,180 0.047
2031 5,167,132,223 874,550 815,000 694,130 1,509,130 2,383,680 0.047
2032 5,167,132,223 874,300 855,000 652,380 1,507,380 2,381,680 0.047
2033 5,167,132,223 870,900 895,000 610,868 1,505,868 2,376,768 0.047
2034 5,167,132,223 871,600 935,000 572,030 1,507,030 2,378,630 0.047
2035 5,167,132,223 871,300 975,000 533,830 1,508,830 2,380,130 0.047
2036 5,167,132,223 874,900 1,015,000 494,030 1,509,030 2,383,930 0.047
2037 5,167,132,223 872,400 1,055,000 452,630 1,507,630 2,380,030 0.047
2038 5,167,132,223 873,800 1,100,000 409,530 1,509,530 2,383,330 0.047
2039 5,167,132,223 874,000 1,145,000 364,630 1,509,630 2,383,630 0.047
2040 5,167,132,223 873,000 1,190,000 317,930 1,507,930 2,380,930 0.047
2041 5,167,132,223 875,700 1,240,000 269,330 1,509,330 2,385,030 0.047
2042 5,167,132,223 872,100 1,290,000 217,440 1,507,440 2,379,540 0.047
2043 5,167,132,223 - 1,345,000 160,088 1,505,088 1,505,088 0.030
2044 5,167,132,223 - 1,410,000 98,100 1,508,100 1,508,100 0.030
2045 5,167,132,223 - 1,475,000 33,188 1,508,188 1,508,188 0.030
15,950,475$ 20,000,000$ 9,971,283$ 29,971,283$ 45,921,758$
Assumptions:
(1) Based on the City's 2024 Tax Rate Worksheet.
(2) Existing tax-supported debt service.
(3) Based on market interest rates plus 0.25% as cushion.
(4) FY2025 reflects the Tax Rate Worksheet which includes 110% collection rate and excess funds from prior year collections of $63,485.
(5) Est. tax collections rate:98.00%for Fiscal Years 2026-2045.
Projected
Change in I&S
Tax Rate
Est. I&S
Taxable Value (1)
Existing Debt
Service (2)
Prelim. Numbers $20,000,000 Series 2025
Proposed and
Existing D/S
Estimated I&S
Tax Rate (4)(5)
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045
Existing Debt New Proposed Debt
3
City of Colleyville Profile
Debt Graph
City of Colleyville Existing and New Proposed Debt
4
City of Colleyville Profile
Debt Summary
FYE 9/30 Principal (000s)Coupon Principal (000s)Coupon
2025 455 2.000%55 5.000%
2026 465 2.000%55 5.000%
2027 475 2.000%55 5.000%
2028 475 5.000%
2029 495 5.000%
2030 520 5.000%
2031 550 5.000%
2032 575 4.000%
2033 595 4.000%
2034 620 4.000%
2035 645 4.000%
2036 675 4.000%
2037 700 4.000%
2038 730 4.000%
2039 760 4.000%
2040 790 4.000%
2041 825 4.000%
2042 855 4.000%
Total $1,395 $9,975
Next Call
Delivery Date
Principal Due
Interest Due February 15 August 15 February 15 August 15
Insurance
Paying Agent
Callable
Noncallable
Purpose
The Bank of New York
$6,225,000
GO Refunding Bonds
Series 2016
February 15, 2026 @ Par
August 18, 2016
February 15
None
The Bank of New York
Ref of Series 2007
$10,030,000
Comb. Tax & Rev. COs
Series 2022
February 15, 2030 @ Par
December 8, 2022
February 15
None
New Money
$-
$1,000,000,000
$2,000,000,000
$3,000,000,000
$4,000,000,000
$5,000,000,000
$6,000,000,000
$7,000,000,000
$8,000,000,000
$9,000,000,000
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
5
City of Colleyville Profile
Historical Taxable Assessed Valuation
City of Colleyville Historical Tax Base
Over the past 5 years, the tax base has grown by 35.97%.
Source: Tarrant Appraisal District.
6
City of Colleyville Profile
Current Bond Ratings
The City of Colleyville currently carries a “AAA” rating
from S&P and Fitch.
Both agencies have rated the City “AAA” since 2011.
Rating Factors:
Large general fund operating surpluses, from
increasing sales tax revenues and conservative
budgeting
Very strong management
Strong debt profile
Very strong wealth and income indicators that
compare favorably with peers nationally
Standard & Poor's Fitch
Ratings Scale Ratings Scale
AAA AAA
AA+AA+
AA AA
AA-AA-
A+A+
A A
A-A-
BBB+BBB+
BBB BBB
BBB-BBB-
Sources & Uses
7
Note:
Preliminary, subject to change.
City of Colleyville
Sources of Funds
Par Amount 20,000,000$
Net Reoffering Premium 201,463
Total Sources of Funds 20,201,463$
Uses of Funds
Costs of Issuance 200,000$
Deposit to Project Fund 20,000,000
Rounding 1,463
Total Uses of Funds 20,201,463$
Impact of Tax Rate Increase on Homeowners
8
Notes:
Average taxable value of a single-family home is $731,417. Does not reflect Homestead Exemption.
Based on 98% collections.
The following analysis assumes an estimated $0.03100 Tax Rate Impact.
Homeowner Taxable Value
Annual Impact of Tax
Rate Increase on
Homeowner
Monthly Impact of Tax
Rate Increase on
Homeowner
$500,000 Homeowner Taxable Value $155.00 $12.92
$731,417 Homeowner Taxable Value $226.74 $18.89
$1,000,000 Homeowner Taxable Value $310.00 $25.83
Impact to the Homeowner with an estimated $0.03100 Cent Tax Rate Impact
May 2025 Bond Election Timeline
9
Date Task
Friday,February 14,2025 Last day for governing body to adopt the Resolution calling the Bond Election.
Tuesday,April 22,2025 First day for Early Voting .
Tuesday,April 29,2025 Last day for Early Voting .
Saturday,May 3,2025 Election Day.
S M T W T F S S M T W T F S S M T W T F S S M T W T F S
1 1 1 2 3 4 5 1 2 3
2 3 4 5 6 7 8 2 3 4 5 6 7 8 6 7 8 9 10 11 12 4 5 6 7 8 9 10
9 10 11 12 13 14 15 9 10 11 12 13 14 15 13 14 15 16 17 18 19 11 12 13 14 15 16 17
16 17 18 19 20 21 22 16 17 18 19 20 21 22 20 21 22 23 24 25 26 18 19 20 21 22 23 24
23 24 25 26 27 28 23 24 25 26 27 28 29 27 28 29 30 25 26 27 28 29 30 313031
February March April May
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
Jan-1961 Jan-1966 Jan-1971 Jan-1976 Jan-1981 Jan-1986 Jan-1991 Jan-1996 Jan-2001 Jan-2006 Jan-2011 Jan-2016 Jan-2021
G.O. BBI Current Average
Historical Interest Rates
10
History of Bond Buyer Tax-Exempt Interest Rates Since 1961
Current 4.28
Minimum 2.02
Average 5.42
Maximum 13.44
% of Time Higher
Since 1961 67.97%
Last 20 Years 31.90%
Last 10 Years 1.15%
Last 5 Years 0.00%
Last Year 0.00%
City of Colleyville Page 1
CITY OF COLLEYVILLE
PARKS AND RECREATION ADVISORY
BOARD BRIEFING
Agenda Number 4b Agenda Date 4/7/2025 Number 4b
Type Regular Agenda Items
Department Parks and Recreation
Title
Update on the Tree Board project within City parks
Explanation
This item provides for Tree Board member and Parks and Recreation Advisory Board
Chair John Hillebrand and Parks and Recreation Director Lisa Escobedo to provide an
update on the Tree Board projects within City parks.
Attachments
City of Colleyville Page 1
CITY OF COLLEYVILLE
PARKS AND RECREATION ADVISORY
BOARD BRIEFING
Agenda Number 4c Agenda Date 4/7/2025 Number 4c
Type Regular Agenda Items
Department Parks and Recreation
Title
Director's Report
Explanation
This item provides for Parks and Recreation Director Lisa Escobedo to review the
activities within each of the divisions of the Parks and Recreation Department.
Attachments
1. Director's Report - April 7, 2025
Parks & Recreation Advisory Board Meeting
April 7, 2025
Recreation
• Winter Ball Event – The Tropical theme event was a big success and was sold out with 150 participants.
• Parents Night Out – The event was from 6-9pm on Friday, Feb. 14 for ages 6-12. It was a perfect
opportunity for both parents and children to enjoy Valentine’s Day. Children were entertained by
Recreation staff with games, crafts, and pizza. Parents enjoyed a few hours with their special Valentine.
(20 kids)
• Bunny Brunch & Lunch – will be held on April 12 and both were sold out (250 each). The event will
consist of pictures with the bunny, egg hunt, petting zoo, face painting, Inflatable obstacle course, etc.
• Texas Junior Anglers – will be held on Saturday, April 26 from 9-12pm at the Nature Center (Anglers
Pond). Enjoy a great day of fishing. Poles and bait will be available if needed.
• Earth Day / Arbor Day – will be held on April 27 from 2-4pm at the Plaza. Parks and Rec will be handing
out tree saplings and Arbor Day swag
Athletics
• Youth Sports Associations (soccer, baseball & softball) – Spring seasons have begun and will extend
through May.
• Youth Spring Volleyball League – The league will run through May 3 with a season ending tournament.
10U Teams = 22 and 13U Teams = 21 (Total: 43 Teams and 406 total players). Largest league to date.
• Spring Coed Sand Volleyball League – The league began on March 24 and will end on May 12 with a
season ending tournament. 16 teams are playing this Spring.
• Youth Summer Basketball League – Registration began on March 31 and will run through May 2. The
league is will run from June 2 – August 9. The ages include 8u, 10u, and 12u.
Tennis & Pickleball
• Spring Tennis Leagues – 14 teams are playing out of City Park this Spring
• Spring Pickleball Leagues – 18 teams are playing out of City Park this Spring
• Indoor Pickleball Classes – are now offered on Tuesday mornings for both beginner and intermediate
players at the Recreation Center
Senior Center
• Valentine’s Day Dance & Celebration – The Senior Center organized two Valentine's events in February.
On the evening of February 12, the local Colleyville band, Backbeats, performed at the Valentine’s dance
with light refreshments and door prizes along with dancing for the activities. The Valentine's celebration
took place on February 14 and featured various activities, including an ice cream social, Valentine's-
themed games, and door prizes. Two local sponsors were present at the celebration. There was a total
of 67 participants across both events.
• Texas Hold’Em Tournament – The Senior Center hosted their first Texas Hold’em Tournament on
Monday, January 6 from 9am-12:30pm. 34 participants competed and breakfast was provided. The next
tournament is scheduled for April 7.
Parks
• Spring Ready – Beautification Crew has made the cutbacks and fertilizations necessary for the spring
weather and bloom.
• Athletic Fields – Parks Maintenance has been working hard to get the fields ready and maintained for
the youth sports spring seasons.
Master Plan & CIP Project Update
• McPherson Park Restroom Renovation – Completed
• Pleasant Run Competition Field Restroom Renovation – Completed
• Central Fire Station Sign: Retainer wall and new landscape - Completed
• City Park: Drainage project tennis/pickleball courts – Completed
• City Park: Laser grade & lip removal field #2 - Completed
Upcoming Parks & Recreation Projects:
• Woodbriar Park: Installation of new pavilion (late summer/Fall)
• Justice Center: landscape beautification (Fall)
• Park Signage Replacement (late summer/Fall)
• Park Trees Program (2025 ongoing)
2025 Parks & Recreation Advisory Board Meeting Dates:
January 6
• April 7
• July 7
• October 6
City of Colleyville Page 1
CITY OF COLLEYVILLE
PARKS AND RECREATION ADVISORY
BOARD BRIEFING
Agenda Number 4d Agenda Date 4/7/2025 Number 4d
Type Regular Agenda Items
Department City Secretary
Title
Election of a Chair and Vice Chair to serve a one-year term
Explanation
Per the Parks and Recreation Advisory Board Bylaws, a Chair and Vice Chair shall be
elected by the Board and shall serve a one-year term.
Attachments