Page 327 - NRH FY20 Approved Capital Budget

Economic Development Capital Projects
Davis Boulevard Development 2019
ED1901

352-(&7 '(6&5,37,21 -867,),&$7,21
Public utility improvement assistance to facilitate the development of a 10.5 acre commercial project anchored by a 32,000 s.f.
Alamo Drafthouse Cinema which includes 5 additional pad sites fronting Davis Boulevard.

One of City Council’s goals is Targeted Economic Development, attracting business that expands the City’s tax base while
enhancing the City’s quality of life. According to the most recent citizen survey, a first run movie theater was one of the most
requested uses, in which the City does not currently have. Over a 10 year term, the financial benefit to the City is anticipated to
be $2.7 million in incremental City revenues, not including development or ongoing City fee revenue.

352-(&7 67$786 25,*,1$/ 25,*,1$/
67$57 '$7( 5(9,6,21 (1' '$7( 5(9,6,21
Professional Services
Engineering
Land/ROW Acquisition
Construction
Other 08/2018 04/2019 08/2018 04/2019

5(9,6,21 (;3/$1$7,21
A budget amendment is requested to funding for this project from Economic Development Fund Reserves (140).

),1$1&,$/ '$7$
$'237(' 5(9,6(' 727$/
%8'*(7 7+58 352-(&7 %8'*(7 7+58 5(0$,1,1* 352-(&7
5(9,6,21 %$/$1&( &267
)81',1* 6285&(6
Reserves $0 $450,000 $450,000 $450,000
0 $0
0 $0
0 $0
0 $0
7RWDO $0 $450,000 $450,000 $0 $450,000
352-(&7 (;3(1',785(6
$0 $0
Professional Services
Engineering/Design 0 $0
Land/ROW Acquistion 0 $0
Construction 0 $0
Other 0 450,000 450,000 $450,000
7RWDO $0 $450,000 $450,000 $0 $450,000

,03$&7 21 23(5$7,1* %8'*(7

$118$/ 23(5$7,1* ,03$&7 727$/
Projected $0

307