Page 92 - Haltom City FY20 Approved Budget

City of Haltom City Annual Budget, FY 2020

Special Revenue Funds

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 FY2019

 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)
 Facilitated and secured the approval process of two large developments Class “A”
professional business park and 2 new Marriot hotels along with numerous
restaurants.

Objectives of FY2020

 Maximize the economic benefits of the IH 820 corridor by:
o Steering the economic growth to the highest best use.
o Creating an environment where business prosper and families flourish.
 Continue to encourage in-fill developments.
 Continue to focus on the revitalization of the Belknap corridor.
 Utilize incentives to encourage new development and redevelopment.

Actual Adopted Projected Proposed
STAFFING Class Range FY 2018 FY 2019 FY 2019 FY 2020
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

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