Page 100 - Haltom City FY19 Annual Budget

ECONOMIC DEVELOPMENT FUND

The Economic Development Fund accounts for all the activities of the Haltom City Economic
Development Corporation. In May 2016, the Haltom City citizens voted to discontinue funding
of a one-half cent sales tax for economic development. Starting FY2017 Economic
Development Fund revenues are transfers from General Fund.

Mission Statement

The Economic Development Department is to improve Haltom City’s ability to provide a high
quality of life for residents and businesses through enhancement of real and business personal
property value, stimulation of new investment and strengthening local trade.

Accomplishments of FY2018

✓ Facilitated the re-opening of the Haltom Theatre
✓ Facilitated and negotiated the contracts to sell and develop two large EDC parcels for
an upscale housing development and a Class “A” industrial park
✓ Negotiated a 380 agreement for large luxury apartment development
✓ Facilitated the construction/rehab of two new restaurants
✓ Facilitated the addition of three retail outlets (meat market, convenient stores)
✓ Started the approval process of two large developments (80-acre Class “A” professional
business park and 2 new Marriot Hotels along with numerous restaurants

Objectives for FY 2019

➢ Maximize the economic benefits of the IH 820 corridor
o Continue to develop tax incremental finance (TIF) districts
o Re-zoning of property located in TIF districts
o Developers start construction of roads and utilities
➢ Continue to encourage in-fill developments
➢ Continue to focus on the revitalization of the Belknap corridor
➢ Create additional incentives to encourage new development and redevelopment

Actual Adopted Projected Adopted
STAFFING* Class Range FY2017 FY2018 FY 2018 FY 2019
GIS Analyst 1303 60 1 0 0 0
Community Project Coordinator 1202 47 1 0 0 0
Parks Crewleader 1701 47 1 0 0 0
Senior Landscaper 1704 40 1 0 0 0
Park Maintenance Worker 1706 36 1 0 0 0
Irrigation Technician 1707 36 1 0 0 0
Total 6 0 0 0
* All positions moved to General Fund in FY2018

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