Page 38 - Benbrook FY20 Approved Budget

CITY OF BENBROOK 2019-20 ANNUAL BUDGET

BENBROOK ECONOMIC DEVELOPMENT CORPORATION

The City continues to provide the Benbrook Economic Development Corporation (BEDC) with office space at City Hall, access to City equipment
and services, and participation in group insurance programs and benefits. Members of the Benbrook City Council continue to serve on the
Benbrook Economic Development Corporation Board of Directors and the City Council reviews and approves the BEDC’s annual budget and
ratifies major purchases.

In the summer of 2010, the Benbrook City Council voted to make the Benbrook Economic Development Corporation a City department and to
classify the Economic Development Director and Management Analyst as City of Benbrook employees. The effective date for this
transformation was November 1, 2010. The Benbrook Economic Development Corporation continues to exist as a separate entity; all sales
tax and other funding sources for the Benbrook Economic Development Corporation are restricted for Benbrook Economic Development
expenditures and projects.

The Benbrook Economic Development Corporation plays a primary role in the Benbrook Boulevard Project that broke ground in the summer
of 2014. Aside from contributing financially towards the project, the EDC developed a communications campaign, in partnership with LComm
Marketing and Communications, called “Building a Better Benbrook.” The goals and objectives of the marketing campaign are to inform,
engage, and involve Benbrook citizens, businesses, and visitors during the duration of the project. The key message of the campaign is to keep
Benbrook strong by doing business locally. By choosing to shop, eat, and play in Benbrook, the community can help to sustain the local economy
during the re-development of Benbrook Boulevard and to “Build a Better Benbrook” in the future.

Benbrook Boulevard Redevelopment Project

The Benbrook Economic Development Corporation purchased property located at 9454 Benbrook Boulevard, formerly operating as the “Rub-
A-Dub” car wash. The property is being readied for redevelopment. As part of the preparation, the building and other structures will be
demolished.

The BEDC is working closely with interested developers and will be selective in assessing plans for future development of the property. The
goal and desire of the BEDC is to recruit a desirable commercial use for this site.

Storefront Improvement Program

The Benbrook Economic Development Corporation (BEDC) promotes a diverse and vital economy by attracting new businesses, retaining and
supporting existing businesses, facilitating desired development, and promoting Benbrook to new residents and visitors. In support of existing
businesses, with preference to those located along the Benbrook Boulevard/US Highway 377 highway corridor, and to enhance the overall
physical appearance and commercial appeal of Benbrook, the BEDC offers a matching fund reimbursement grant, the Storefront Improvement

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