Page 85 - Colleyville FY19 Budget

5-Year + Outlook

Development activity is expected to remain robust. New commercial and residential
construction has remained relatively consistent coming out of the last recession with
an average of 7 new commercial permits per year from 2011 to 2014 and an average
of 122 new residential permits per year. In fiscal year 2015, new commercial permits
rose to a total of 12. In fiscal year 2016, new commercial permits totaled 9. In fiscal
year 2017, new commercial permits totaled 1 and new residential permits totaled
137. With several hundred residential lots available, residential permitting activities
are expected to remain consistent. New commercial activity is expected to remain
consistent as well.

As the City approaches build out, currently estimated to occur by 2035 according to
the current Master Plan estimate, new residential activity will begin to decrease.
Assuming current economic conditions remain static, land for new residential
subdivisions will significantly decrease, leaving only infill and tear down and rebuild
projects to build out. Commercial activity will be more difficult to predict. However,
given that there remains limited undeveloped commercial land in the City, in addition
to numerous redevelopment opportunities for existing legacy properties, commercial,
as well as institutional, development opportunities should continue to avail
themselves over the next five years and beyond.

Overall, the department will remain very busy over the next five years and is in need
of staffing at a level commensurate with community and organizational expectations
to be able to adequately fulfill its mission to protect, preserve and promote the
exceptional and unique quality of the community’s built environment and natural
resources.

83