Page 87 - Colleyville FY19 Budget

the SH26 project to serve as a liaison with the business community to answer questions and
find solutions quickly. The city has also worked with businesses on expansion of their existing
structure to facilitate additional sales and workforce.

Performance Measures & Vital Statistics

FY 2018 FY 2019
Performance Measures FY 2014 FY 2015 FY 2016 FY 2017
Estimate Target
Colleyville retail occupancy 90% 90% 96% 97% 97% 95%
rate
Colleyville office 89% 90% 92% 93% 92% 90%
occupancy rate
Percentage growth in sales
of sales tax revenue 9.0% 3.1% 8.0% 0.5% 4.0% 1%
(General Fund)

Department Resources

FY 2019 Budget: $198,150

Assistant City SUPPLIES

Manager/Executive CONTRACTUAL , $2,435
Director of SERVICES ,

Economic $41,340

PERSONNEL
SERVICES ,
$154,375

5-Year + Outlook

The next five years will be important for economic development in Colleyville. The
reconstruction of SH26 will bring about redevelopment opportunities and the development of
the Northern Gateway into a high-quality commercial project will lead the way. The City will
continue to look for opportunities to promote existing business with programs, especially
during the construction of SH26. The City will also pursue redevelopment opportunities along
the Colleyville Boulevard corridor.

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