Page 286 - CityofEulessFY26AdoptedBudgetOrdinance2432

City of Euless

Capital Project Request

June 16, 2015
Department: CITY MANAGER Date Prepared:
Submitted By: LORETTA GETCHELL Date Completed:
Project Title: MIDTOWN DEVELOPMENT
Project Type: MISCELLANEOUS Sub - Type: DEVELOPMENT

Project Code: ED1601 Priority: A
COUNCIL AUTHORIZATION:
June 23, 2015: Conducted a Public Hearing and approved Planned Development.
August 25, 2015: Approved Resolution No. 15- 1471 creating, authorizing, and establishing the Euless Midtown
Public Improvement District.
December 8, 2015: Approved Resolution No. 15- 1479 authorizing publication of notice of intention to issue
certificates of obligation to fund public infrastructure improvements including streets, drainage, and water and
wastewater in the Euless Midtown Reinvestment Zone.
December 8, 2015: Approved Ordinance No. 2096 approving the Project and Financing Plan for Tax Increment
Reinvestment Zone Number Four.
January 12, 2016: Approved Ordinance No. 2098 authorizing the issuance and sale of City of Euless, Texas, Tax
and Waterworks and Sewer System ( Limited Pledge) Revenue Certificates of Obligation, Series 2016.

RELATIONSHIP TO OTHER PROJECTS AND/ OR MASTER PLAN:
This project provides funding for City participation in a public/ private development opportunity.

PROJECT DESCRIPTION:
Project includes City participation in a public/ private community development project of approximately 56 acres
located in the A.J. Huitt Survey, Abstract 684. Project costs will include land, right- of-way, remediation, paving,
storm drainage, water, wastewater, landscaping, hardscaping, amenities, design, and administrative costs.

PROJECT SCHEDULE:
Began Demolition: Spring 2016
Construction Complete: FY2019

JUSTIFICATION:
This is a significant development opportunity within the heart of Euless. The development is projected to include
residential development including villas, townhomes and rowhouses, cluster housing, and urban lofts; commercial
development including retail and restaurant development; and landscaped bioswales and water detention areas
for stormwater management.

Ordinance No. 2432, Page 280 of 474
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