Park Upgrades $1M for FY2023
BOARD MEETING AUGUST 8, 2022 MINUTES
Director’s present:
Edward Lopez, Chair; Council Members: Curtis Bergthold, Doug Knowlton, GW Estep (via Zoom); Citizen Member: Theresa Bledsoe
Directors absent: Bill Agan, Citizen Member, Jorge Cisneros, Citizen Member
Officers Candice Edmondson, President Lindsay Wells, Secretary
REGULAR AGENDA
- Discuss the proposed FY 2023 Richland Hills Development Corporation Budget
City Manager Candice Edmondson gave a presentation on the proposed FY 2023 Richland Hills Development Corporation (RHDC) Budget and advised that the RHDC fund is dedicated towards economic development and park development. The RHDC budget is split between capital improvements, debt service, operations, and personnel. The proposed FY 2023 budget will include items such as economic development consulting services, business appreciation events, sales tax analysis, incentive agreements, marketing, debt service obligations, and general administrative costs.
The proposed budget accounts for a projected 18 percent increase in sales tax revenue over FY 2022 as well as a proposed five percent employee pay increase. Fund changes include a Glenview Corridor Master Plan Development ($75,000,) Brand implementation ($30,000,) and a façade improvement grant ($30,000.) Capital improvements include
$400,000 for park development or economic development, $1,000,000 for continuation of FY 2022 park improvements including Creek Trail Park restrooms, pavilion, and food truck stations, and Kate Baker Park restrooms, pavilion, and parking.
For FY 2023, the estimated revenues are $1,178,054 and the estimated expenditures are $1,576,530, with an estimated ending fund balance of $1,020,593.
Ms. Edmondson presented a Park Master Plan project priority ranking of the top 20 amenities in the City’s parks and where each item stood in completion. Completed projects included playgrounds at Rosebud Park and Creek Trail Park, in progress projects included restrooms and pavilions at Kate Baker Park and Creek Trail Park.
Discussion ensued regarding the ranked priority list and if the City would be better served focusing on one park at a time and completing all projects within the park together.
Memorandum
To: President Edward Lopez and Richland Hills Development Corporation Members
From: Candice Edmondson, City Manager Date: August 22, 2022
Subject: FY 2023 Richland Hills Development Corporation Budget
Agenda Item:
Consider approval of the FY 2023 Richland Hills Development Corporation Budget
PUBLIC HEARING
Background Information:
The proposed FY 2023 Richland Hills Development Corporation (RHDC) Budget will be presented to the board for your review and discussion on Monday evening. The proposed budget includes estimated revenues in the amount of $1,178,054 and estimated expenses in the amount of $1,576,530. The FY 2023 RHDC Budget includes funding for the following ongoing expenses:
• Economic development consulting services
• Business appreciation events
• Sales tax analysis
• Incentive agreements
• Marketing
• Debt service obligations
• General administrative costs
The budget also includes a proposed 5% raise for city personnel, a new Parks Maintenance Technician (salary split between General Fund and RHDC), $75,000 for development of the Glenview Drive Corridor Master Plan, $30,000 for implementation of the City’s new brand and $1,000,000 in transfers for park development.
The $640,000 that was approved in the FY 2022 RHDC Budget for park development will be moved over to FY 2023 since those projects are still in progress. Staff has included an additional $360,000 in the proposed budget as a place holder. The park priority list, the four (4) park master plan concepts and the corresponding cost estimates that were developed in 2019 are attached to this memo for your review and discussion Monday evening.
At the end of Fiscal Year 2023, staff projects an ending fund balance of $1,020,593.
Richland Hills Development Corporation consideration August 22, 2022 City Council consideration September 12, 2022 and September 26, 2022 Attachments:
FY 2023 RHDC Proposed Budget and Fund Summary 2019 Park Priority List
2019 Park Master Plan Concepts and Cost Estimates
Council Action Requested:
Motion to approve the FY 2023 Richland Hills Development Corporation Budget
FOR ALL THE FOLLOWING PLANS: The Opinion of Probable Construction Cost shown above does not include Soft Costs (survey, geotechnical studies, hydrology studies, architectural & engineering design fees, etc.), primary electrical connections, land acquisition or impact/permitting fees associated with construction in the City of Richland Hills, Texas. The Opinion of Probable Construction Cost is based on current market conditions (2019). To estimate construction costs for subsequent years a 2% inflation rate should be added for each additional year.
¹ Standard structure, with no customization. Not added into current total.
