Page 31 - KennedaleFY24AdoptedBudget

Motor Speedway, Globe Life Field (home of the MLB's Texas Rangers), AT&T Stadium (home of
the NFL's Dallas Cowboys), and Fort Worth's cultural district and nationally ranked zoo.
Kennedale has experienced steady population growth in the last decade. Beautiful Village Creek
slowly winds throughout the City, providing a feeling of tranquility in the community. Much of
the City's land is undeveloped, allowing for incoming developments and offering residents a
respite from the crowds and traffic congestion existing in much of the Dallas-Fort Worth
Metroplex.

The Kennedale Economic Development Corporation (KEDC) was formed in 1996 to spearhead
the City's economic growth. The KEDC is funded by a voter approved half-cent sales tax, which
is used to offer grants and other economic incentives to existing and new businesses. The KEDC
employs a four-pronged approach: (1) land acquisition, assembly, and clearing for resale, (2)
manufacturing expansion, (3) retail retention and development, and (4) quality of life
improvements. In accordance with the adopted master plan, the redevelopment of the Oak
Crest area continues. Link Street to Kennedale Parkway was opened in 2015 and an extension
was opened in October 2016. The improved access led to the development of a Popeye's and
Burger King which opened in 2015. McDonald's opened in the Oak Crest area in October 2016.
A hotel site is in the process of development. The KEDC is also working with property owners in
the area to develop their land.

The Town Center shopping area is currently being renovated to accommodate new and
expanded retail and service locations. This area currently houses an electric supply, Dickey's
Barbecue, Subway, Bravo Eats, Emory Grace Salon, and a thriving antique mall.

Over 90 new structures are scheduled for completion in 2024, including a 40-unit townhome
complex on Mansfield Cardinal Road, a gas station on Kennedale Parkway, and an exciting line-
up of new retail offerings throughout the City.

Sales Tax Rates

Kennedale has a Sales Tax Rate of 8.25%. The rate is composed of the following components:
State of Texas 6.25%
City of Kennedale 1.50%
Economic Development Corporation 0.50%
Total 8.25%

Website and Social Media Presence

To engage the community, the City of Kennedale maintains a website at
www.cityofkennedale.com where residents can find information such as budgets, financial
policies, job postings, event calendars, make online payments for permits or court issues,

CITYOFKENNEDALE.COM/BUDGET 28