Page 19 - Colleyville FY19 Budget

Overlapping taxing entities, including Tarrant County College District and the
Grapevine-Colleyville Independent School District participate at varying levels in the
district by assigning their ad valorem tax dollars. Tarrant County and the Tarrant
County Hospital District are no longer participating in contributing to the TIF as their
commitment level has already been met. In November 2012, the TIF was amended
to expand boundaries to include mostly additional vacant, underutilized land and
some commercial property. The additional area added is called TIF #1A, as compared
to the original area that is called TIF #1, and had a base value of $30,796,078.

The incremental value for fiscal year 2019 (tax year 2018) is $392,404,701 for TIF
#1 and $12,024,677 for TIF #1A. Together, both TIF areas experienced an increase
of $31,555,459 from the valuation for fiscal year 2018. The adopted Capital
Improvement Plan recommends using TIF funds to pay for approved road
improvement projects and other projects to spur economic development within the
district.

Colleyville Crime Control and Prevention District (CCCPD)
The primary goal of the district is to fund public safety and crime control activities
throughout the city. The district was created by voter approval in 1999, with oversight
of funds assigned to the board of directors, composed of the City Council. State law
provides that a district’s life is limited to five years, unless voters continue the district
by approval of a referendum. In September 2003, Colleyville voters approved
continuation of the district for an additional 20 years.

Expected revenue from the 0.5 percent special purpose sales tax, use of funds
generated from prior years’ coverage ratio, and related interest income for the CCCPD
budget is $2,190,676. The budget provides funding for the annual debt on the
Colleyville Justice Center, compensation for ten police officers, vehicle replacement,
and various minor capital items, with total expenditures of $1,987,036 for fiscal year
2019. In fiscal year 2019, the City also added two part time public service officers.
The public service officers will perform non-emergency duties which are currently
being performed by police officers, such as assisting school crossing guards, taking
minor reports, and aiding with traffic direction. This is intended to free up the City’s
police officers to spend more time patrolling neighborhoods, building relationships
with neighbors, and solving community issues.

Colleyville Economic Development Corporation (CEDC)
Authority for the corporation is provided by state statute as a 4B corporation. The
0.5 percent sales and use tax approved by the voters in August 1996 has been an
important resource in our Capital Improvement Program for community-related
facilities. This fund accounts for the use of bond proceeds and sales tax revenues for
municipal park improvements, the purchase of land and equipment for additional
parks, and for the construction of a community center and library. Consistent with
state law, some funds may be allocated by the board of directors for promotional
efforts for special events and marketing.

Expected revenue from the special purpose sales tax and related interest income for
the fiscal year 2019 is $1,916,673. The CEDC Board meets in August to approve the

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