Page 148 - FY 2026-2027 Adopted Budget Book

FY 2025-2026 Highlights

Maintained the City's Bond Rating of AA+.
Finalized the sale of the Campus West Property. This property has been tax-exempt for more than 30
years. This sale adds the property back to the tax rolls and will bring new commercial and residential
development to that area.
The City's 4thFest grew to approximately 10,000 attendees. This is the City's second-largest event,
preceded by Beats and Eats.
Partnered with Midway Development Group, LLC on the Bedford Commons project.

Economic Development
Maintained close collaboration with developers and purchasers to negotiate sales terms for a proposed
mixed-use development on the City-owned 18.5-acre tract at SH-183 and FM-157, also known as “Campus
West.” The visionary project will encompass townhomes and approximately 60,000+ square feet of grocery,
retail, and restaurant space.
Continued to drive forward the development efforts associated with Bedford Commons, situated south of
Bedford Road and north of L. Don Dodson Drive. This exciting project will feature townhomes, multiple
mixed-use restaurant/retail sites, an inviting amenity lake, and flexible lawn space.
Engaged a private engineering firm to redesign Parkwood Drive, a critical component serving the
Bedford Commons development.
Facilitated ongoing coordination with an enlisted private engineering firm to conduct preliminary
engineering work on the site, including the creation of a new concept plan and addressing drainage-
related aspects.
Secured City Council approval for the construction contract of Parkwood Drive between Bedford Road
and L. Don Dodson Drive, with construction now substantially complete.
Continued collaborative efforts with the master developer to establish a mutually beneficial management
development agreement.

Departmental Goals

Organizational Excellence
Lead the organization in achieving and implementing Council's priorities. Ensure fiscal responsibility
through budget monitoring and timely reporting.
Encourage employees to participate in professional organizations for professional growth in serving the
citizens of Bedford.
Works towards achieving Texas Transparency Stars through the Texas Comptroller.

Economic Development
Continue to focus on growing the commercial base within the City.
Market sites for appropriate uses as supported by the adopted Comprehensive Plan.

Transformation and Redevelopment
Continue to encourage reinvestment into the community by supporting private property owners during the
redevelopment process.
Restructure the façade grant program to ensure maximum benefit for the community.

Quality of Life
Continue to host a Bedford Signature Event.
Continue with a Citizen's Academy.

FY 2026-2027 Adopted Budget Book · September 15, 2026 144