Page 164 - Euless ORD 2360 Adopted FY 23-24 Budget

City of Euless
Capital Project Request

Department: CITY MANAGER Date Prepared: July 11, 2006
Submitted By: GARY MCKAMIE Date Completed:

Project Title: REDEVELOPMENT
Project Type: MISCELLANEOUS Sub -Type: DEVELOPMENT
Project CODE: CM0804 Priority: A
COUNCIL AUTHORIZATION:
FY2008 Property Acquisitions: 1010 Highland Drive, 1010 Cresthaven Drive, and 710 South Main.
FY2009 Property Acquisitions: 1007 Cresthaven Drive, 912 Cresthaven Drive, 1005 Cresthaven Drive, and 1002 Highland
Drive.
FY2013 Property Acquisitions: North Sheppard Drive ( 10 lots), 908 Cresthaven Drive, and 910 Cresthaven Drive.
FY2015 Property Acquisitions: 903 Cresthaven Drive, 1447 West Euless Boulevard, 901 Highland Drive, 904 Highland Drive,
and 215 East Ash Lane.
November 10, 2015: Authorized the City Manager to execute an agreement to accept contributions from Gardner Capital
Texas, LLC and Bloomfield Homes Fund, LP to a Community Revitalization Fund in the amount of $ 100, 000.
November 10, 2015: Authorized the Mayor to negotiate and execute conveyance documents for the sale of City owned
property located at 203, 204, and 205 Dickey Drive.
FY2016 Property Acquisitions: 905 Cresthaven Drive.
FY2017 Property Acquisitions: 909 Highland Drive, 911 Highland Drive, 1000 Highland Drive, and 1011 Cresthaven Drive.
October 10, 2017: Authorized the sale of City owned property and structure located at 911 Highland Drive.
FY2018 Property Acquisitions: 906 Highland Drive, 917 Highland Drive, 1005 Highland Drive, 902 Cresthaven Drive, and a
portion of Block 1, Lot 5 in the S. W. Mills Subdivision.
FY2019 Property Acquisitions: 913 Cresthaven Dr., 1001 Cresthaven Dr., 908 Highland Dr., 1001 Highland Dr., 1003
Highland Dr., 109 Ross Ave., and property located at SH183 at Main Street, Tract 16 and 17.
FY2020 Property Acquisitions: 909 Cresthaven Drive, 910 Highland Drive, and 913 Highland Drive.
FY2021 Sale of Property: 906 Cresthaven Drive and Solomon Huitt Survey, No. 705, Tarrant County TX ( N Main Street).
FY2021 Property Acquisitions: 901 Cresthaven Drive, 907 Cresthaven Drive, 902 Highland Drive, 1009 Highland Drive, 1011
Highland Drive, and 1451 W Euless Boulevard.
FY2022 Property Acquisitions: 903 Highland Drive, 905 Highland Drive, 907 Highland Drive, 912 Highland Drive, 915
Highland Drive, 916 Highland Drive, 1007 Highland Drive, and 2214 W. Euless Boulevard.
FY2022 Sale of Property: 908 Cresthaven Drive, 910 Cresthaven Drive, and 912 Cresthaven Drive.
FY2023 Property Acquisitions: 914 Highland Drive and 109 Ross Avenue.
RELATIONSHIP TO OTHER PROJECTS AND/ OR MASTER PLAN
This project provides funding to allow the City to participate in redevelopment projects and other community improvements or
make acquisitions of property that will be of economic benefit to the City of Euless.

PROJECT DESCRIPTION:
Project includes City participation in community redevelopment projects and property acquisitions that will be of economic
benefit to the City.

PROJECT SCHEDULE:
Long- term on -going project for continuous improvement of the community.

JUSTIFICATION:
As the City ages, it is imperative that the economic vitality of the City remain strong. Reinvestment into the community will
protect property values from deterioration and keep commercial properties occupied and vibrant.

Ordinance No. 2360, Page 164 of 326

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