Page 105 - City of Colleyville FY22 Adopted Budget

5-Year + Outlook

The next five years will be important for economic development in Colleyville. With the
completion of the SH26 Gateways construction (Phase III of beautification work), Colleyville
has established itself as a community that expects high quality commercial development . In
the next several years, the six acres purchased by the City in the Southern Gateway will be
listed for sale for a development that meets our quality standards. The City will also continue
to explore appropriate development opportunities for the Northern Gateway, being patient for
the right fit. Property improvement grants will continue to play a role in the redevelopment
of commercial property. The City will continue to look for opportunities to promote existing
business with programs and support new business growth via the Colleyville Business Center.

Departmental Specific Objectives

Description Timeline Strategic Goal Link
2.4 Demonstrate
stewardship of public
resources

Sell/develop the City- 4.1 Protect our city’s semi-
owned acreage along the Within a 5-year horizon rural residential character
Southern and Northern
Gateways 4.2 Encourage compatible
commercial growth

5.4 Actively seek
public/private partnerships
2.4 Demonstrate
stewardship of public
resources
Demolish existing Acuff
properties owned by the 4.1 Protect our city’s semi-
City and prepare a End of 2022 rural residential character
concept of potential
development/marketing 4.2 Encourage compatible
material commercial growth

5.4 Actively seek
public/private partnerships
2.4 Demonstrate
Re-introduce available stewardship of public
grants with a new mailer resources
and marketing for
businesses that may be 2022 4.1 Protect our city’s semi-
unaware, and consider rural residential character
additional grant for
neighborhood
improvements 5.4 Actively seek
public/private partnerships

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