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FY15 Annual Report { 4 *# RF + �Y r: R N M r � 4 L i ti Y lop T } TY-4)F S AR 2015 ANNUAL DEVELOPMENT REPORT y .�r f - �,• +� PW f _ w +_ R r �� • f f M �A -4' �• - 1 •� L S 6 CITY OF SOUTHLAKE COUNCIL MEMBERS MAYOR LAURA HILL 7% MAYOR PRO TEM COUNCILMEMBER PLACE 4 RANDY WILLIAMSON i i y► DEPUTY MAYOR PRO TEM BRANDON BLEDSOE i !a COUNCILMEMBER PLACE 3 COUNCILMEMBER PLACE 1 SHAHID SHAM COUNCILMEMBER PLACE 2 SHAWN MCCASKILL COUNCILMEMBER PLACE 5 JOHN H FFMAN f ,j COUNCILMEMBER PLACE 6 GARY FAWKS I I_ I e I _i CITY OF SOUTHLAKE STAFF `I dam— CITY MANAGER SHANA K. YELVERTON ASSISTANT CITY MANAGER BENJAMIN E. THATCHER ASSISTANT CITY MANAGER ALISON D. ORTOWSKI 1 ` HIEF FINANCIAL OFFICER SHAREN JACKSON :9 µ, SR. DIRECTOR OF PLANNING KENNETH M. BAKER AND DEVELOPMENT SERVICES 71- J yy l c� { 1 DIRECTOR OF ECONOMIC SHANNON DAVID HAMONS +�% " �t >� '� '�Y• 4 DEVELOPMENT AND TOURISM 7,'' d(h(��1y 7�•r�"i�1Srsf�\��p�.j" !w AT \If I "Y�j4 9 t � ., eY, I TABLE OF CONTENTS {-• €#6 INTRODUCTION ...................................................................4 The introduction explains the purpose of the annual report document, highlighting its contents. k •` � .,. :�� � f CITY OVERVIEW .................................................................5 - 7his section provides a brief informational overview of the City of Southlake. •,' ECONOMIC OVERVIEW f This section provides a few highlights of the Southlake economy. - UNDERSTANDING DEVELOPMENT....................................17 This section explains the development process in the City of Southlake as well as introduces the Planning and Development Services Department. f DEVELOPMENT HIGHLIGHTS...........................................23 The Development Highlights section focuses on development '+ activity within the City during fiscal year 2015. Throughout this section are charts and graphs illustrating trends in the number of permits processed. VALUATION........................................................................31 This section of the Annual Report provides updated numbers =' related to City valuation and taxable value. REVENUE............................................................................3 7 This section of the Annual Report highlights revenue trends in selected areas over the last five fiscal years. . ■�. _IN,,*, RODUCTION } 06Ip t-1.+ `q� hLW gr IL The following information represents the City's Annual Development Activity Report published by the City of Southlake. Each section within this report focuses on development- related activity in the City, ranging from the number of sign permits processed to the total commercial square footage permitted within Fiscal Year 2015. Much of the information within the annual report mirrors information highlighted within the City's FY2016Adopted Budget. The intent of this report is to compliment the budget, with updated charts and tables reflecting all four quarters of the City's fiscal year. Any numbers differing from the Adopted Budget represent the most recent updates to projections that were made in order to adopt the FY2016 Budget by the States deadline. Data within this report is gathered and assembled throughout the year by multiple departments and divisions within the City of Southlake. The pages that follow contain the six sections of the Annual Report: City Overview, Economic Overview, Understanding Development, Development Highlights, Valuation, and Revenue. Quarterly development updates to much of this information will be posted to the City's website. The Understanding Development section is a new addition to the Annual Report. Among other things, these pages provide additional details regarding the development process in the City of Southlake, and introduces the Planning and Development Services Department. i r f 90 a , 1 ■ r ].�, f 'MdJ&P_ - � �r CITY OVERVIEW i sectionThis informational I , , I , City + of I ' ' 7 • I MP I 1 L _ _ ��` '• 'tib S 71 IT 1 t - 1 •�V� .r -'V • 111-' f . 1 •L Z- •� • ■ • � ��� k � y � •1 r ~�• � - - ?1 til J r ti r tiF r 17 J { s 1 _ •Lt _ - �-. � } - '� r. tier• '� T�'4k � f ' T�•1� , ' • 1` • til. LL 7 L •L_ •� •T r ��i• � 11 14 CITY OVERVIEW THE CITY OF SOUTHLAKE, TEXAS TRANSPORTATION • Websites: 0 Major highways are SH 114, FM 1938, and FM 1709 --CityofSouthlake.com 0 SH 114 connects to I-35W and I-35E --MySouthlakeNews.com 0 Airports: --VisitSouthlakeTexas.com DFW International- DFWAirport.com • 22.5 square miles --Third busiest passenger airport in the world, over • Located in thePeart of the DFW Metroplex 60M passengers in 2014 • Centrally 1 ted between DFW International Airport --Generates $31.6B annually for North Texas (5 miles eas ) and Fort Worth Alliance Air rt (8 economy miles west) --Every major city in the continental United States can be accessed within four hours DEMOGRAPHICS --Home to American Airlines hub • 2016 population projection of 28,868 Fort Worth Alliance Airport - AllianceAirport.com • Prci&ed build-out of 34,188 --The nation's first industrial airport • Population Mage: --Provides over 40,000 area jobs --Under 10 years 14% --Part of an 18,000-acre mixed-use, master planned --20-64 years 57% development --65 years and older 7% --Houses more than 400 companies • 2014 average people per household of 3.22 2014 median household IriCOme Of$173,088 SELECTED ANNUAL TRAFFIC COUNTS Southlake Blvd. (1709)* - 491,921 (daily) • 2014 average home sales price of$686,208 Continental Blvd. ** - 67,071 (daily) • 68% of residents 25 years and older have a bachelor's degree or higher *The totals for Southlake Blvd. **The totals for Continental (FM1709) represents various Blvd. represents various FINANCIAL STATUS segments of the road being segments of the road being • City Bond Ratings counted in both east and west counted in both east and west --"AAA" from Standard and Poor's directions. Year B Counts were directions. Year B Counts were --"AAA" from Fitch IBCA collected in April of 2015. collected in April of 2015. • 8.25% total sales tax rate - includes 0.5%for parks To view the full 2015 traffic count report, visit the Public Works and 0.5% for crime control district webpage at www.CityofSouthlake.com � 7% 14% 57% 7% of Southlake 14% of Southlake Residents 65 Years of Residents Under 10 Age or Older ir- Years of Age Between57% of Southlake Residents Ages of 1 and . © WWW.CITYOFSOUTHLAKE.COM CITY OVERVIEW SOUTHLAKE PUBLIC LIBRARY UTILITIES • Books,eBooks,Magazines and eMagazines, DVDs Books Water& Sewer on CD and online research databases City of Southlake • Special programs throughout the year for all ages (817) 748-8082 - CityofSouthlake.com • Meeting& study rooms, interlibrary loan, computer 0 Electricity stations and internet access Power to Choose • Southlake resident library cards are free (866) 797-4839 - PowertoChoose.org RECREATION 0Natural Gas • Parks and Lakes www.SouthlakeParksandRec.com Atmos Energy • Over 628 acres of park land,with access to an (888) 286-6700 - atmosenergycom additional 577 acres of natural open space owned by 0 Telephone the US Army Corps of Engineers 0 Verizon - (800) 837-4966 - Verizon.com • 11 community parks and 14 neighborhood parks 0 SBC/AT&T - (800) 288-2020 - ATT.com • Five lakes within 30 minutes of Southlake 0 Cable/ Satellite • Convenient access to many cultural and entertainment 0 Charter Communications facilities and activities (888) 438-2427 - Charter.com • The Marq Southlake - Phase I 0 Verizon FiOs • Bob Jones Nature Center and Preserve (800) 837-4966 - Verizon.com www.BJNC.org 0 Dish Network • Nineteen court Southlake Tennis Center (888) 825-2557 - DishNetwork.com • Southlake Senior Activities Center 0 DirecTV • Annual special events include: Art in the Square, (877) 916-5137 - directv.com Easter in the Park, Summer Kick-Off, Stars and Solid Waste and Recycling Stripes, Oktoberfest, Home for the Holidays - Tree Republic Services Lighting at Town Square and Masterworks Concerts (817) 317-2424 - RepublicServices.com • Variety of championship youth sport leagues including baseball, softball, swimming, tennis, soccer, lacrosse and football, as well as recreational classes for all ages a � eei�fi� Y / 1 1 1 a 1t WWW.CITYOFSOUTHLAKE.COM O CITY OVERVIEW QUALITY SCHOOLS (IN ORDER OF LAND AREA SERVED • Carroll ISD - 5A (78%) • Grapevine - Colleyville ISD* - 5A (5%) K-12 Attendance: 7,800 K-12 Attendance: 13,366 99% Graduation Rate 95% Graduation Rate (817) 949-7080 - SouthlakeCarroll.edu (817) 251-5200 - GCISD-k12.org • Northwest ISD* - 5A (10%) Four Montessori schools (private) K-12 Attendance: 18,950 85% Graduation Rate 20 Universities within 40 miles (817) 215-0000 - NISDTX.org 0 University of North Texas • University of Texas at Arlington • Keller ISD* - 5A (7%) 0 University of Texas at Dallas K-12 Attendance: 33,621 0 Southern Methodist University 94% Graduation Rate 0 Texas Christian University (817) 744-1000 - KellerISD.net 0 Texas Women's University *Freeport exemption offered HEALTH CARE/HOSPITALS • Children's Medical Center Southlake Specialty Care 0 Texas Health Harris Methodist Southlake Center TexasHealthSouthlake.com Childrens.com 16 Overnight Suites; 365 Medical Staff Outpatient Pediatric Center; 27 Providers • Cook Children's Urgent Care and Pediatric Specialties Baylor Medical Center - Grapevine CookChildrens.org BaylorHealth.com 30 Exam Rooms; Mix of Providers 314 Beds; 800 Medical Staff • Forest Park Medical Center Southlake 0 Baylor Medical Center at Trophy Club ForestParkSouthlake.com TC-MC.com 54 Private Rooms; 10 Family Suites; 6 ICU Beds; 20 Beds; 225 Medical Staff 12 Operating Rooms; 2000 Medical Staff K WC Sol 1 • WWW.CITYOFSOUTHLAKE.COM ';!r'�T4 yam' `a.�� f / � �'• ��r � ? r�V �A� t�i �y,a�,�+r j- �'�,�, t� 4:,�'•'*�.' 14 �-(., �/{�°,,�. Ovt )', JJ 3 This section provides a few i�hlights of the Southlakeonomy. i WV? ((; �'� � � � lx�� Jnr "f ,,�� � R♦ 3 r � w > 4► rn" ECONOMIC OVERVIEW TOP IO EMPLOYERS LABOR FORCE &ECONOMIC BASE • Sabre Holdings - 3,600 Employees 0 Labor pool ages 20-64: • Carroll ISD - 1,100 Employees --Within 5 miles of Southlake: 60,852 • Verizon Wireless - 750 Employees --Within 10 miles of Southlake: 252,266 • Gateway Church - 570 Employees --Within 20 miles of Southlake: 1,388,352 • Keller Williams - 487 Employees 0 Employment by occupation: • Central Market - 400 Employees -- 30.65% Managerial/Professional • City of Southlake - 379 Employees -- 11.22% Service Occupations • Hilton Southlake - 245 Employees -- 28.69% Sales & Office • Costco - 200 Employees -- 15.25% Construction/Maintenance • Forest Park Medical - 200 Employees -- 12.19% Production/Transportation • Over 1,400 businesses and non-profit organizations Top NON-RESIDENTIAL TAxPAYERS • Over 9.85 million square feet of commercial • Verizon Wireless 0 Texas is a"Right-to-Work" state • Town Square Ventures LP 0 Texas has no state personal income tax • Southlake Town Square Grand Avenue LP UNEMPLOYMENT RATE • Southlake Land Holdings, LP 3.5%As of September 2015 • Wyndham Properties, LTD Employment by Occupation SOUTHLAKE OFFICE AND RETAIL OVERVIEW • Total existing office space: 3,114,496 sq. feet 12.19/° ■Managerial/Professional • Office space vacancy rate: 19.7% --One property= 381,377 sq. feet Service Occupations • Total retail space: 3,951,205 sq. feet 15.25% • Retail space vacancy rate: 5.3% ■Sales&Office DFW OFFICE AND RETAIL OVERVIEW* Construction/Maintenance • Office space vacancy rate: 13.9% • Retail space vacancy rate: 6.1% 11.22% Production/Transportation •• *Office and Retail data provided by CoStar { 1 1 1 1 1 • 1 , WWW.CITYOFSOUTHLAKE.COM ECONOMIC OVERVIEW RESIDENTIAL INFORMATION The City of Southlake receives updates about the residential housing market from Hexter-Fair and RE/MAX per North Texas Real Estate Information Services. The FY 2014 Annual Report featured information from the calendar year (January 1, 2014 - December 31, 2014). The Annual Report for FY 2015 contains information from the City's fiscal year (October 1, 2014 - September 30, 2015). Additionally, given the use of different sources, information may differ in this document from what was posted throughout FY 2015 in the quarterly updates, as well as what was posted in the FY 2014 Annual Report. • Total number of home sales during FY 2015: 720 • % Change in home sales vs. the prior year: .6% • FY 2015 average home sales price: $602,700 • % Change in average home sales price vs. prior year: .6% • Average number of days for a single family home to stay on the market: 83 • % Change in average number of days for a home to stay on the market vs. prior year: 17% longer • Months inventory: 4.75 • % Change in months inventory vs. prior year: 4.6% increase $602Y700 PriceSales -a.6%Increase from the 83 prior year Average Number of Days for a Single Family Home to Stay on the Market During Fiscal Year 2015 3 s � x° 7 ' WWW.CITYOFSOUTHLAKE.COM ::�iS 1111 1 5• 1H- H` III!INI!��• -y - ''ti 1 �1=1111 11 I _■— ice''i'■ tom. - ':■111-' ■� - ice nn � _ �'� Ili'I 11 � �—G� NI�_':=���_ ..•g:=='�'1-�1: ■ x■� IIII■i_ � ■� Ih11� ,�- IIl:il l!INh1 X11 - .�:qw n --■ ���I��=:I1�� ■ .Inn I�;1 "11!IIIII� ■I■INI _ ,�„. =:§; _ ■:T '%ciiii��:� �� - - ' .'.: 1'1 ��,g;�l� _ i."soh'.:::..:::�'idl:� .N ��3�■-■a���:.� ...a::.:,:..i. –� su�_ I,Igo■ � ;;;;:.:_,.,,,...,a ' ■rm■ iC`dY■ �� :11 ru IllliliY �Il�tii$L i"�, ,-- ■(•IIS I ■wr � � , 1-'--'•a ECONOMIC OVERVIEW-- �=m, N. _ ■- IIII■19!111 r - - NIII - �I■■zs�__ i '° .:711•�� - ■ ��I� '�'.^._''.'.�: WINE ���� II■m xml� zl. asn�'1�' ��1•n�" __ �� :1 sa==-..:::. 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Ref# Subdivision Name Total Lots Smallest Average Largest 1 ADAMS ADDITION 7 42,929 49,033 79,871 2 AUTUMN CREEK 7 41,312 47,840 64,147 3 BRENTWOOD ADDITION 9 28,434 34,125 41,488 4 BRIARWOOD ESTATES 22 21,786 42,114 58,613 5 BRITTANY PLACE 10 42,753 48,263 54,289 6 CAMBRIDGE PLACE &CAMBRIDGE PLACE EAST 154 17,667 22,335 36,260 7 CAMDEN PARK 14 16,044 18,577 24,320 8 CARILLON 405 5,172 12,124 34,350 9 CARMEL BAY 9 42,969 46,535 48,639 10 CARROLL MEADOWS 10 43,301 47,577 68,777 11 CEDAR CREEK PLANTATIONS 15 42,586 51,684 68,968 12 CEDAR OAKS ESTATES 39 42,589 73,925 258,315 13 CHAPEL DOWNS 106 18,919 22,395 42,086 14 CHELSEA PARK 16 12,894 15,782 20,759 15 CHESAPEAKE PLACE 83 14,346 18,677 29,003 16 CHIMNEY HILL 81 19,219 23,532 37,585 17 CIMARRON ACRES 22 42,404 52,239 77,070 18 CLARIDEN RANCH 112 39,310 45,607 89,677 19 CONTINENTAL PARK ESTATES 69 15,783 47,617 224,755 20 COUNTRY WALK 55 19,661 25,129 62,648 21 COVENTRY MANOR 100 20,667 33,247 81,569 22 CROSS TIMBER HILLS 197 39,620 50,311 177,641 23 DIAMOND CIRCLE ESTATES 66 31,153 45,598 89,475 24 DOVE ACRES 31 41,103 45,727 75,090 25 DOVE ESTATES 109 7,276 11,284 17,151 26 EAST HAVEN ADDITION 21 6,914 17,361 128,722 27 EMERALD ESTATES 49 35,913 46,160 72,616 28 ESTANCIA- 1 developed lot 13 11,475 13,581 19,202 29 ESTES PARK 178 14,653 20,888 91,264 30 EVERGREEN ESTATES 13 19,862 22,023 31,147 31 FOX HOLLOW 18 19,295 27,626 47,762 32 FOXBOROUGH 64 19,529 25,621 71,042 33 GARDEN ADDITION 15 41,910 46,712 58,137 34 GINGER CREEK ESTATES 14 44,042 56,186 118,741 35 HARBOR OAKS 49 60,722 116,437 443,268 36 HEATHERWOOD ESTATES 16 38,993 51,401 69,577 37 HIGH POINT 22 21,100 31,098 140,254 38 HIGHLAND ESTATES 17 39,247 43,854 48,637 39 HIGHLAND OAKS 27 14,973 17,664 43,609 40 HILLSIDE ESTATES 15 43,397 48,927 62,229 41 HILLTOP ADDITION 15 40,084 59,428 112,179 42 HILLWOOD ESTATES 15 42,494 46,379 59,988 43 HUDSON BAY ESTATES 6 85,343 115,231 192,564 44 HUGHES ADDITION 2 43,035 68,597 94,159 45 HUNTERS RIDGE 19 40,388 44,316 48,700 46 HUNTWICK ESTATES 16 33,591 64,964 83,268 47 HUSE HOMEPLACE 1 61 87,861 120,032 172,739 . WWW.CITYOFSOUTHLAKE.COM Immob ECONOMIC -OVERVIEW 48 INDIAN CREEK ESTATES 18 39,602 47,087 86,783 49 JELLICO ESTATES 34 41,779 83,870 305,525 50 JOHNSON PLACE ESTATES 54 17,075 20,161 27,711 51 KIMBALL CIRCLE ESTATES 5 29,069 36,993 54,813 52 KIMBALL HILLS 19 20,017 22,772 60,364 53 KIRKWOOD HOLLOW 150 15,484 23,464 63,521 54 LA MIRADA 6 42,767 65,553 128,239 55 LAKE CREST ADDITION 51 19,591 22,812 36,860 56 LAKEWOOD ACRES 39 42,021 62,866 183,582 57 LAKEWOOD RIDGE ADDITION 38 45,500 88,367 242,160 58 LAURELWOOD PARK 27 37,455 46,194 125,477 59 LOCH MEADOWS ESTATES 24 43,137 50,190 84,313 60 LONESOME DOVE ESTATES 150 12,179 17,185 63,077 61 MEADOW OAKS 11 90,707 136,970 178,016 62 MIRACLE POINTE 13 19,058 23,227 39,609 63 MISSION HILL ESTATES 62 37,842 49,486 109,493 64 MONTICELLO 102 19,688 26,157 84,905 65 MONTICELLO ESTATES 117 14,832 18,783 30,065 66 MYERS MEADOW 268 12,911 15,548 31,776 67 NAPA VALLEY ADDITION 14 19,003 20,183 21,519 68 NAPA VALLEY ESTATES 34 17,417 21,745 32,541 69 OAK BEND ESTATES 11 20,592 21,795 23,479 70 OAK HILL ESTATES 75 18,553 20,922 31,552 71 OAK POINTE 28 19,274 25,104 35,378 72 OAK TREE ESTATES 123 19,725 22,088 34,540 73 OAKS ADDITION 8 12,494 15,463 18,916 74 OAKWOOD ESTATES 23 43,141 51,465 66,193 75 OAKWOOD POND 4 49,464 60,279 71,354 76 OLD ORCHARD COUNTRY ESTATES 15 65,295 228,654 435,325 77 PALOMAR ESTATES 33 20,299 27,021 56,350 78 PARK PLACE ADDITION 39 19,722 22,527 30,999 79 PATTERSONS POND 14 20,227 33,829 58,075 80 PHEASANT RIDGE ADDITION 9 40,774 44,880 47,203 81 PRINCETON PARK 73 19,376 21,692 36,168 82 QUAIL CREEK ESTATES 50 41,331 65,609 170,683 83 RAIN FOREST ADDITION 10 44,361 58,659 98,568 84 RANDOL MILL ESTATES 22 41,639 49,681 59,707 85 RAVEN BEND 13 38,642 44,883 52,411 86 RAVENAUX PLACE 20 41,358 49,764 102,435 87 REGAL OAKS ADDITION 20 39,828 47,389 108,356 88 RI DG EVI EW AT SOUTH LAKE 31 9,341 12,294 17,725 89 RIDGEWOOD 59 19,543 22,260 30,611 90 ROYAL OAKS ADDITION 15 39,017 47,476 53,900 91 SADDLECREEK ESTATES 4 89,651 110,589 135,178 92 SANDLIN MANOR 21 19,995 25,964 57,561 93 SHADOW CREEK ADDITION 11 42,296 44,481 46,638 94 SHADY OAKS 134 14,738 20,130 33,174 95 SIENA 43 19,819 22,798 33,701 96 SIMMONS ADDITION 1 14 43,342 58,148 159,418 WWW.CITYOFSOUTHLAKE.COM ECONOMIC OVERVIEW 97 SOUTH HOLLOW 56 19,512 22,859 35,237 98 SOUTH LAKE PARK 46 10,075 34,831 100,400 99 SOUTH VILLAGE AT WATERMERE 33 7,412 10,209 17,734 100 SOUTHLAKE ESTATES 10 78,379 83,730 86,228 101 SOUTHLAKE HILLS&SOUTHLAKE HILLS EAST 80 18,972 22,029 31,416 102 SOUTHLAKE WOODS 129 18,220 27,734 58,913 103 SOUTHRIDGE LAKES 384 16,505 23,103 68,989 104 SOUTHVIEW 76 17,778 22,556 31,624 105 SPRING OAKS ADDITION 1 269,001 269,001 269,001 106 ST. EMILION ADDITION 14 41,128 48,143 107,749 107 STANHOPE ADDITION 13 41,946 46,934 86,033 108 STONE LAKES 335 12,279 19,571 609,297 109 STONEBURY 32 16,536 22,918 31,879 110 STRATFORT GARDENS 14 20,166 23,465 27,600 111 STRATFORT PARC 23 19,924 23,016 39,575 112 SUMMERPLACE ADDITION 42 9,605 12,945 24,494 113 TEALWOOD ADDITION 15 9,783 10,166 14,329 114 THE BROWNSTONES 76 1,922 3,361 7,063 115 THE CLIFFS AT CLARIDEN RANCH 55 19,372 26,308 66,385 116 THE DOMINION 55 19,235 23,417 34,689 117 THE ENCLAVE 13 42,118 45,398 58,058 118 THE LAKES OF LA PALOMA 14 21,217 27,150 59,731 119 THE LAKES ON DOVE 7 45,540 55,402 64,500 120 THE RESERVE OF SOUTHLAKE 24 41,165 48,894 92,922 121 THE TRAILHEAD ADDITION 27 19,581 21,495 29,847 122 THE WOODS 8 67,747 90,154 121,565 123 TIMARRON * 1396 5,734 16,061 68,355 124 TIMBER LAKE 303 12,513 16,559 28,580 125 TIMBERLINE ESTATES 15 15,052 64,301 150,714 126 TRAIL CREEK ADDITION 22 44,103 63,021 93,849 127 TRIPLE C RANCH 58 41,651 44,389 55,506 128 TUSCAN RIDGE 57 7,769 8,776 15,585 129 TWIN CREEKS ADDITION 20 37,802 48,177 60,839 130 VERANDAS AT SOUTHLAKE 38 9,828 11,513 19,227 131 VERMILION 14 42,897 43,972 45,124 132 VERSAILLES 148 14,203 18,928 34,762 133 VILLAS DEL SOL 9 41,837 44,693 46,721 134 VISTA TRAILS 70 19,695 22,703 27,764 135 WAKEFIELD ADDITION 7 43,466 44,356 45,643 136 WESTWYCK COURT ADDITION 3 42,921 46,272 48,442 137 WESTWYCK HILLS 41 23,002 37,010 107,232 138 WHISPERING DELL ESTATES 38 42,072 57,543 105,247 139 WHITE CHAPEL PLACE ADDITION 12 8,073 84,629 256,089 140 WILMINGTON PARK 19 18,991 20,633 29,030 141 WIMBLEDON ESTATES 17 38,719 45,763 53,025 142 WINDING CREEK 74 14,912 16,730 25,871 143 WINFIELD ESTATES 12 18,971 21,812 25,670 144 WINGATE HILL 24 42,848 46,997 93,3 145 WOODBURY ADDITION 1 91 20,979 22,879 2 ,7 WWW.CITYOFSOUTHLAKE.COM %6ej O WOODLAND HEIGHT ® .. ��WORTHING ADDITION The Timarron development is composed of multiple subdivisions, all under the general heading of'Timarron'. Sample names are Timarron-Brenwyck,Timarron-Wyndsor Grove, �Wima rron-Northwood Park, and many others. -A lk�l .4 , -ow. A, �� Y ' • — r •' dt , '► , 41 7 4!!7 -f �.• a" �4�i r R .4 � �; y• �_' }r �. tea. a '� .- � . .SPS t- � �- a:- �:-yx. � �#N..�•- r,. - .k IL ti.• v. 4.y1 .+.r• j-h... �-- `�'• _ _••fi�4'i ~` •moi y{ ,`4a Yy Y 1 deep UNDERSTANDING DEVELOPMENT This section explains the development process in the City of Southlake as well as introduces the Planning and Development Services Department. r nisi-..ia anrr�. r 1 \ 7 111 �IIIII look, M L UNDERSTANDING DEVELOPMENT Overview of the Development Process in Southlake The City of Southlake development process consists of several steps,many of which take place before construction begins. The Planning and Development Services Department handles all of the development applications within the City. Applications vary and include items from processing sign permits and zoning changes to site plans and plat revisions. Often with development projects, City staff will recommend that an applicant participate in a Town Hall Forum; these are coordinated through a program called SPIN. SPIN, which stands for Southlake Program for the Involvement of Neighborhoods, allows for the citizens of Southlake to interact with developers and ask questions about a project before the applicant presents to the Planning and Zoning Commission, and ultimately City Council. This method of citizen engagement gets residents directly involved with the development process. Additionally,with larger projects staff may recommend that an applicant participate in a 2035 Corridor Planning Committee Meeting. These meetings allow larger projects to receive early feedback from the committee on a development proposal. Below are some numbers related to the development process in the City of Southlake. SPIN Town Hall Forums are optional meetings that are scheduled by 184 Applications were developers. The next step after a SPIN meeting, depending on the type Processed by the Planning of planning application, would be a Planning and Zoning Commission meeting, and then City Council for a final decision upon the particular and Development Services case. Depending on the type of application, an item may require more Department during FY 2015 than one City Council hearing. After an approval from City Council, an item is legally permitted to move to construction, and operate 217 Planning Applications within the parameters of City Council approval, pending approval of Processed during FY 2014 a building permit. The numbers to the left, 184 and 217, represent Note: ne total number of planning pplications the following planning applications; Master Sign Plan, Concept Plan, processed osed,withdrawn,in progress,and Zoning Change, Zoning Board of Adjustment applications, and denied applications. Sign Variances. Certain Planning cases moving through the process are tracked through the Development Activity News Blog, which is updated by the Planning Department before each City Council and Planning & Zoning Commission meeting. *Google Analytics defines a pageview "as a view of a page on your site that is being tracked by the Analytics tracking code. If a user clicks reload after reaching the page, this is counted as an additional pageview. If a user navigates to a different page and then returns to the original page, a second pageview is recorded as well." Google provides the following definition for a unique pageview: A unique pageview, as seen in the Content Overview report, aggregates pageviews that are generated by the same user during the same session. A unique pageview represents the number of sessions during which that page was viewed one or more times." p120M Development Activity News Trash&Recycling Information • Hosted by the Water Bill Questions ! Planning&Development Services D • FY 2016 Budget Welcome to the"Development Activit Aircraft Noise webpage.a bldg developed to provide use information about development cases bei Our Community in the city and other development related How Do 1...7 page is regularly updated and because c . _ • often made during the review and approv Call the City development cases,staff encourages you • Agendas cases that interest you through Final Come Fix This! The information provided in any of the pos , • , are not meant to be all inclusive,but cath Library basic facts about a proposed application Video On Demand location,type of request.zoning,and S • Southlake 2030 Southlake 2035 Corridor Planning Committee-December 25 Fosted on Nover.ber 25.20'5 at 519 PPA by Jerod Foos : • ' MySouthlakeNews.com On December 2.2015 at 5-30 P.M..the Soul hlake 2035 Corridor Plann • i WWW.CITYOFSOUTHLAKE.COM UNDERSTANDING DEVELOPMENT Understanding Development Town Hall Forum In an effort to provide information on the development process within the City of Southlake, the Community Engagement Committee hosted the Understanding Development Town Hall Forum on September 29, 2015 at Southlake Town Hall. This event featured a panel discussion with local experts on topics such as Planning and Economic Development, as well as local developers with experience working through the entitlement process in the City. The panel discussion, which was streamed through the City's video on demand web feature, was preceded by an open house with exhibits such as those displayed in the images below. The focus on the event was to explain the economic development and planning (entitlement) processes within Southlake, regional growth outside of Southlake, community engagement opportunities, and how the Southlake 2030 Comprehensive Plan brings all of these components together. The City created a webpage dedicated to "Understanding Development" which can be found at CityofSouthlake.com/ UnderstandingDevelopment. This page features many links to additional information such as a link to the recording of the panel discussion, links to the Development Activity News Blog and New Biz List, a PDF copy of the questions submitted to the City prior to the panel discussion, a public participation guide created for those with questions about how to get involved in the development process, and more. { on ��I<E Understandin g Development JE Town Hall Forum ®D �Zo3� ~ ® Oreeeiex of the llerebpme.1 P--in:he Ci,y of Sou:hlake k - _ ® ___® —__- ©m i s � • WWW.CITYOFSOUTHLAKE.COM UNDERSTANDING D Who Is Southlake's Planning & Development Services Department? The Planning and Development Services Department (PDS) is made up of four separate divisions; Planning, Building Inspections, GIS, and Code Enforcement. Each of these divisions fall under the leadership of the Senior Director of Planning and Development Services. PDS is a unique Department in that from the time an application is submitted to the City to receive entitlement to build, through the actual construction of a building, and to the enforcement of the City's zoning ordinance, the same department is involved. The boxes below and on the next page provide some insight into the duties of each of these four divisions. The FY 2015 Annual Report will often reference permitting information, such as a sign permit, and these descriptions will help provide context for the data that follows. Planning Division The Planning division is responsible for development services such as zoning, platting, land use, tree preservation, sign permits, etc. This division provides guidance for those seeking to receive various permits or entitlement to ` build. The Planning division is responsible for overseeing the City of Southlake Comprehensive Plan, Southlake 2030. For example, Planning recently facilitated the installation of wayfinding parking signs in Town Square; a Southlake 2030 recommendation. Planning also provides updates to the zoning ordinance as needed, assists with the SPIN program, and oversees the Development Review Committee among other administrative tasks, such as Building Inspections Division sending legal and public hearing notifications. The Building Inspections division is tasked with overseeing the building phase of development by reviewing plans, processing permits and performing inspections to ensure - construction adheres to all applicable building codes. The divisional mission is to ensure that the construction, alteration or maintenance 40 buildings conforms to recognized standards , fo ilding safety and quality of life. The B Inspections division also keeps track of pe t information such as total commercial ` and ee idential square feet permitted. Much of the iron contained within the Annual Report'lcomes from Building Inspections. WWW.CITYOFSOUTHLAKE.COM UNDERSTANDING DEVELOPMENT GIS Division Geographic Information Systems (GIS) supports various City departments in their daily operations by creating, maintaining, analyzing, and providing access to location-based data. GIS compiles data from various sources including engineering drawings, ordinances, aerial photography, and field research into a centralized, geographic database. This information is available to departmental users through internal, intranet web pages or via GIS software, allowing them to leverage this geographic intelligence in their everyday tasks. GIST also provides public access to information through online interactive maps on the City website. ' Finally,the GIS division provides City departments with high-end cartographic output, supplying generalized maps such as Zoning or Land Use, or more specific maps designed to answer questions or provide information about a specific location. Code Enforcement Division The Code Enforcement division of the City is staffed by two enforcement officers. The division plays a major role in preserving the integrity of the neighborhoods, buildings and overall quality of life within the city and f` is responsible for ensuring the following: A Enforcement of the City Code dealing with non-criminal matters such as public nuisances, high grass, trash and abandoned vehicles; • Enforcement of the zoning ordinance in terms of permitted uses and act. . ; • Enforcement of the sign ordinance; d • Enforcement ofthe tree preservation ordin ce. WWW.CITYOFSOUTHLAKE.COM UNDERSTANDING DEVELOPMENT Zoning Text Amendments in Fiscal Year 2015 Aside from plan reviews, sign permit issuance, tree preservation, and other similar assignments, the Planning division is responsible for updating the Zoning Ordinance, and other development ordinances as necessary. During FY 2015 Planning initiated several updates to development ordinances. The purpose for revising the Zoning Ordinance is different for each amendment. The table below provides a list of development- related text amendments with adoption date by City Council, and a brief summary of the revision. Ordinance Ordinance Brief Summary of the Text Amendment Adoption Date oning Ord. January :1 •••• r4,' 20 1 ljmmr� Clarified definitions in the sign ordinance; outlined regulations Sign Ord. for outdoor patio lighting, real estate signage, vehicular signage, 704-G January 20, 2015 window signs and displays, menu-board signage, business monument signs, corporate flags; and outlined master sign plan design guidelines. 704-G also includes the creation of a Sign Board. Amended the 1-1 Light Industrial andIndustri CouncilZoning Ord. June 16, 201 Districts by removing "Commercial school, including trad 80-RRRR school" as a permitted use by right and allow only throug City pp • • Specific Use Permit in thosedistrict Set the maximum permitted floor area of a single tenant, owner, Zoning Ord. or business occupancy located in C-3 General Commercial Zoning 480-SSSS September 1, 2015 District at sixty thousand (60,000) square feet and added language to allow a single tenant, owner, or business occupancy of this size only through City Council a roved Specific Use Permit. This amendment to the Subdivision Ordinance allows for S ubdivision Ord. the platting of of • within single-family . 1 • • • • • • �• • • revised language regarding • • pp • Allows electric vehicle supply equipment and parking spaces M Zoning Ord. as an accessory use in residential districts and non-residential 480-TTTT September 15, 2015 districts when located in a garage and not visible from the right of way. Also allows electric vehicle supply equipment and parking spaces in non-residential districts through Specific Use Permit. amendmentSign Ord. rThe • the Sign Ordinance removed an applicant's 4-H September 15, 1 • •bmultistoryonly 1 • Plan or Approval. • l: ® WWW.CITYOFSOUTHLAKE.COM EVELOPMENT GHTS d � t `e gh hts t n L - dCvelOP , ent activity within the City hof 15. nreug put .this f ' section are charts--and ra. hs illustrating trends in the number er mits processed. i .k Ol jp T : I'' ���i.iF � r.11' �♦ L �1 � �` I bid,.+ ��... '� Ile.'�r r" Il, � ; ,.��� � 3�"�1:�; �1 � i r 1 " 4 L R���'i'y. _._-'�•���A tl� - . ! .00 � € t ' A. •r• , �1 AirAf Air) �.IL 40 • .or �^ A oioA, a ' DEVELOPMENT HIGHLIGHTS A Note from the Senior Director of Planning & Development Services FY 2015 was a very busy time for the Planning and Development Services Department. As evidenced by information to follow within this section, many key indicators from new residential permits issued to commercial square feet permitted have increased from the previous year. The Annual Report offers a trend analysis that shows the previous five years to provide a broader context for development information. The next page of this report gives a brief update on three major projects that were under development simultaneously in Southlake; Park Village, Carroll Pointe, and Kimball Oaks. Other large-scale projects have recently received entitlement to build such as the Cambria Hotel near Kimball Avenue and SH 114, and Granite Place located in Southlake Town Square. The Cambria Hotel will be the second hotel within the City of Southlake, and is currently under construction. In June 2015 City Council approved a Site Plan for Granite Place, a six story office building and 4 story parking garage structure. Granite Place will begin construction in December of 2015. Multiple departments and divisions within the City of Southlake are involved in the completion of the Annual Report. Throughout the year the Building Inspections division tracks permitting data which helps populate the Annual Report document, as well n as the quarterly updates to the Annual Report. The „�.,. Economic Development department keeps track of information such as commercial occupancy rates - and residential data such as the number of homes sold each quarter. The Finance department providesr- information to the Annual Report directly related to valuation and tax collected. Given that the annual report compliments the City's adopted budget,Finance works throughout the year in order to obtain the most up-to-date information. Finally, the Planning division helps to assemble all of this information and put it together to generate the Annual Report. The VIM idea behind the report is to showcase development activity in a transparent and comprehensive way. pefully .you find this report to be just that! Pictured Top-Left: Sr. Director of Planning and Development Services, Ken Baker - Pictured Middle-Right: Groundbreaking for Granite Place held on December 8, 2015 Pictured to the Right: The future site for the Cambria Hotel at Kimball Park. Photo taken December 2015. �e WWW.CITYOFSOUTHLAKE.COM DEVELOPMENT HIGHLIGHTS Updates on Major Commercial Developments in Southlake If you drove around Southlake during FY 2015 it was evident that construction was taking place throughout the City, particularly along Southlake Boulevard. Some of the major commercial developments have been in progress since 2013. This page provides some additional insight into the progress of three of these developments; Kimball Oaks, Carroll Pointe, and Park Village. Park Village On October 15, 2013 City Council approved a Zoning Change and Site Plan for the construction of Park Village, an approximately 196,000 square j foot retail/restaurant development on approximately 22.48 acres located at the intersection of E. Southlake Blvd. and S. Carroll Ave. Some of the existingG[ tenants include: The Fresh Market, Michaels, l REI, Sur La Table, Modmarket, Beauty Brands and Ra Sushi,while future tenants include: Gloria's, °4u Malai Kitchen, The Juice Bar, and Gigi's Cupcakes. Carroll Pointe A Site Plan was approved for Carroll Pointe in October 2013. This project has now been fully �. constructed and contains three one-story retail/ restaurant buildings of approximately 44,052 square As feet in size. This development is located at E. SH 114 and N. Carroll Ave. As of November 2015 some existing tenants include: Chuy's, Beverly Hills Rejuvenation Center, Salata, and Bicycle World, with some future tenants to include: and Lo- - Lo's Chicken and Waffles and The Gents Place. Kimball Oaks On December 19, 2013 City Council approved a Zoning Change and Site Plan for the construction of Kimball Oaks. This retail/restaurant shopping center at the corner of Southlake Blvd. and Kimball Ave. The development consists of six individual buildings totalling approximately 123,800 square feet. Some current tenants include: Tuesday Morning, BJ's Restaurant/Brewhouse, and the PGA Superstore,while some future tenants include: Redrock Canyon Grill and Chiloso Mexican Bistro.k. - - WWW.CITYOFSOUTHLAKE.COM DEVELOPMENT HIGHLIGHTS Project Spotlight: Wayfinding Parking Signage If you have shopped or dined in Southlake Town Square recently you may have noticed a subtle change to the built environment. In an effort to help the flow of traffic through Town Square and allow for shoppers to more easily locate each of the parking garages, 23 wayfinding parking signs were installed throughout Town Square. To provide a brief history of wayfinding in Southlake, it began with City Council adopting of the Wayfinding Sign System Plan in 2010; a component of the Southlake 2030 Comprehensive Plan. This Plan defined the desired design template for wayfinding signs, identifies Southlake's key destinations, provides a sign message schedule and location analysis for each sign, and prioritizes sign installation based on the criteria of location and effectiveness. Fast forward to 2015. In order to present the City Council with a priority list of signage and recommended locations, members of both the Planning and Development Services and the Economic Development & Tourism departments walked Town Square to identify strategic locations for sign placement. If you saw City staff walking around Town Square with large maps last winter, this may have been why! The wayfinding parking sign priority list was presented to CityCouncil onJanuary 20,2015. 1 A 4 1 The image above shows the wayfinding parking signs as they ,*is, today.As noted,23 of these signs(blue circle with the`P" directional arrow) were placed around Town Square during ICY 2015. The image to the right was taken while the Pliing and Development Services department was I ti *ng possible locations for the wayfinding signage. All si' istened to existing light poles around Town Square. - ® WWW.CITYOFSOUTHLAKE.COM ( DEVELOPMENT HIGHLIGHTS New Construction Building Permits ■ New Residential Building Permits ■ New Commercial Building Permits 300 250 200 No.of Permits 150 100 50 0 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year The graph above represents new construction building permits in Southlake between FY 2011 through FY 2015. Between FY 2014 and FY 2015 the percentage increase in new residential building permits was 38%, and between FY 2011 and FY 2015, this five year trend analysis, the percentage increase was 202%. These permits do not represent additions or renovations to existing buildings or residences. � 1 ■ WWW.CITYOFSOUTHLAKE.COM EVELOPMENT HIGHLIGHTS New Construction Permit Value ■ Residential Construction Permit Value ■Commercial Construction Permit Value $225,000,000 $196,895,155 $175,000,000 $131,159,495 $125,000,000 Dollars $84,328,043 $84,028,745 $81,215,734 $75,000,000 $65,259,237 $59,040,985 $42,543,750 $25,000,000 $18,384,157 $17,976,714 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 -$25,000,000 Fiscal Year The new construction permit value represents the valuation of the permit at the time of permit issuance. This is the estimation of the cost to build the house or commercial structure, before actual construction takes place. Between FY 2014 and FY 2015, the percentage increase in residential construction permit values was 50%. Note: this number does not include the valuation of the land on which the structure is constructed. 1 Increase in Residential Construction Permit Value ii al Between 114 and FY 2015 + 4W 7M Increase in Commercial Construction Permit Value EP IT Between 12015 4E rr WWW.CITYOFSOUTHLAKE.COM ( DEVELOPMENT HIGHLIGHTS Square Footage Permitted ■ Residential Square Footage Permitted ■Commercial Square Footage Permitted 1,600,000 1,522,004 1,400,000 1,200,000 1,135,145 1,038,627 1,000,000 988,907 Square Feet 800,000 619,292 630,277 600,000578'782 549,109 400,000 200,000 180,387 73,629 0 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year The chart above represents the total square footage permitted within the City in terms of residential and commercial structures. The expansion of commercial growth in terms of square footage slowed, likely as a result of the nationwide economic climate during the Great Recession. However, in 2012, the City began to see an increase in growth. FY 2015 represents the largest amount of commercial square footage permitted in the five-year trend analysis illustrated above. The percentage increase in commercial square feet permitted between FY 2014 and FY 2015 was 56%. The percentage increase in residential square feet permitted in Southlake between FY 2014 and FY 2015 was 34%. The table below combines residential and commercial square feet permitted over the last five years to highlight the total square footage permitted within the City. Fiscal Year Total Residential and % Increase in Residential and Commercial Square Footage Commerical Square Footage Permitted Permitted from Year to Year 2011 622,738 SF 2012 1,198,074 SF 2013 1,219,014 SF 1.7% 1,765,422 SF 2015 2,510,911 SF 42.2% 1011k "W WWW.CITYOFSOUTHLAKE.COM 0 DEVELOPMENT HIGHLIGHTS Sign Permits Issued 400 300 No.of Permits 200 i 100 0 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year The Planning and Development Services Department is responsible for handling the permitting of signage within the City. The three types of sign permits in Southlake are attached, monument, and temporary. The City saw a percentage increase in sign permits issued between FY 2014 and FY 2015 of 23%. As with other permitting data,the number of sign permits issued provides a good indicator of the strength of the local economy. 352 10;�00*10F' Total Sign Permits were Issued in FY 2015 J, ji WWW.CITYOFSOUTHLAKE.COM ... i - `(� T Yom, 1�• L- ��. t �y �� - .Z. t. 14 y- This section of tF rAnnual Report i, provides updated numbers related to City valuation and taxable value. m OP 41r- f y .r ft"+ 41 rr1! - MPP 4�;,�1� ,.CX �,.•� +�F°I+ r ✓ J ��. ,d,y 1 9abd. f ��'��r� ��r i x V { r° 4 t r ' 7 k N v' '� r 6 f., Ni � F •t _ .M Y VALUATION Valuation Added ■ Residential Valuation Added Commercial Valuation Added 140,000,000 $128,244,794 120,000,000 100,000,000 $80,444,538 80,000,000 $77,660,083 $70,273,066 Dollars 60,000,000 $58,999,045 $50,9641049 $46,682,757 40,000,000 20,000,000 $17,421,900 $9,677,297 $5,295,848 0 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year The chart above shows the trends in residential, as well as commercial valuation added since FY 2011. Valuation added is not the same as residential and commercial permit value as seen on page 28 of this report. Valuation added represents "on the ground" buildings that have been constructed, and the variance in permit value and valuation added is due to timing. v s • tea\ � v v V ® WWW.CITYOFSOUTHLAKE.COM VALUATION Total Residential Valuation $4,500,000,000 $4,450,827,827 $4,400,000,000 $4,300,000,000 $4,200,000,000 $4,142,542,414 $4,100,000,000 $4,014,442,625 Dollars $4,000,000,000 $3,900,000,000 $3,881,311,298 $3,852,366,069 $3,800,000,000 $3,700,000,000 $3,600,000,000 $3,500,000,000 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year The information in the chart above represents the changes in total residential valuation since FY 2011. As the bar graph illustrates, there has been a steady increase in this number each year of the trend analysis. Residential valuation only includes homes in Southlake; the number does not include commercial businesses. Between FY 2014 and FY 2015 residential growth in the City increased by 7.4%. Ape $4,450,827,827 Total1 ' Valuation in FY 2015 WWW.CITYOFSOUTHLAKE.COM VALUATION Total Non-Residential Valuation $1,800,000,000 $1,707,352,534 $1,600,000,000 $1,483,892,470 $1,409,201,963 $1,438,015,372 $1,400,000,000 $1,379,950,347 $1,200,000,000 $1,000,000,000 Dollars $800,000,000 $600,000,000 $400,000,000 $200,000,000 $0 T FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year Non-residential valuation represents the total value of property within Southlake, less all residential valuation. Total non-residential valuation includes offices, hospitals, and other commercial entities. The chart above illustrates changes in the value of non-residential property in Southlake between FY 2011 and FY 2015. Between FY 2014 and FY 2015 commercial growth (valuation) in the City increased by 15%. * '1 1 Plop I I Porto .� DWS olid Horne ' WWW.CITYOFSOUTHLAKE.COM VALUATION Total Assessed Value and Taxable Value Comparison ■Total Assessed Value Total Taxable Value $8,000,000,000 $7,000,000,000 $6,653,878,247 $6,760,119,917 $6,422,291,913 $6,178,132,589 $6,226,088,861 $6,000,000,000 $5,958,098,087 $5,626,431,884 $5,452,457,997 $5,232,316,416 $5,290,518,261 $5,000,000,000 Dollars $4,000,000,000 $3,000,000,000 $2,000,000,000 $1,000,000,000 $0 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year The table above provides a comparison of property values since FY 2011. Note: the taxable value shown in the chart is net of the incremental taxable value assigned to the Tax Increment Reinvestment Zone #1. For FY 2015, TIRZ #1 taxable value was $347,428,074. The difference between assessed value and taxable value is primarily due to exemptions, such as homestead, disabled, over-65 exemption and over-65 tax freeze. $ 6 760 119 917 JF'•Sr'' 5' _ Total • / Value FY 15 r ..iri� T / #� le Total 1 1 1 Value Y FY ' 5J1 WWW.CITYOFSOUTHLAKE.COM VALUATION ® WWW.CITYOFSOUTHLAKE.COM f NUE This section of - Annual Report � trendsbt�bliqbts revenue selected r 'i. ti 4 t REVENUE The largest single revenue source for the City of Southlake is the Ad Valorem, or Property Tax. The chart below illustrates the trend in property tax collection in Southlake between FY 2011 through FY 2015. Property Tax Collected - General Fund $20,000,000 $19,500,000 $19,000,000 $18,500,000 Dollars $18,000,000 $17,500,000 $17,000,000 $16,500,000 - $16,000,000 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year *FY 2015 Unaudited F'M$ 1914461457 Collected in Total V- , '44, - , - — Property , , duringlot FY 2015 WWW.CITYOFSOUTHLAKE.COM REVENUE Total Sales Tax Collected $35,000,000 ■ CCPD ■ SPDC General Fund $30,000,000 $25,000,000 $20,000,000 Dollars $15,000,000 ' $10,000,000 $5,000,000 $0 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year *Unaudited The sales tax is made up of three sources: The Crime Control and Prevention District (CCPD), Southlake Parks and Development Corporation (SPDC), and the General Fund. The CCPD half- cent tax ensures that funds are spent on programs and capital purchases that will reduce crime, increase public safety and maintain a high quality of life in Southlake. SPDC administers an additional half- cent sales tax and applies it towards parks-related capital projects. The General Fund is represented by 1% of every dollar spent within City limits. The chart above illustrates the amount of sales tax collected when the CCPD, SPDC, and General Fund Sales Tax collection totals are combined. Since 2011, the amount collected in sales tax has steadily increased with the City's expanding economy. $29883 160 .� �.� e< . Total Sales Tax Collected During FY 2015 Money from the CCPD has helped fund all three DPS stations, as well as enhance the City's School Resource Officer (SRO) program, fund equipment replacement, enhance training and professional development, and more. Money from the SPDC has been utilized to fund projects at several parks within the City, such as Bicentennial Park, Bob Jones Park, North Park, and additionally the fund has benefitted the Senior Center, the Sports Complex, and other recreation fac*lities. WWW.CITYOFSOUTHLAKE.COM REVENUE Sales Tax - General Fund $16,000,000 $14,000,000 $12,000,000 $10,000,000 Dollars $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year *Unaudited The second largest General Fund revenue source in the City of Southlake is the I % municipal sales tax. The City has seen an increase in the amount of sales tax collected since Fiscal Year 2011. As noted, 1% of every dollar spent within the City goes towards the general fund; this fund accounts for core City functions such as police, fire, engineering, planning, finance, and administrative operations. In addition to the 1% dedicated to the General Fund, an additional 1% is split between the CCPD and SPDC. Billion EstimatedTaxable Sales in FY 2015 t ie" g WWW.CITYOFSOUTHLAKE.COM REVENUE Franchise Tax - General Fund $3,500,000 $3,000,000 Dollars $2,500,000 r: $2,000,000 $1,500,000 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year *Unaudited Another major revenue source for the City of Southlake includes franchise fees. Franchise fees represent revenue from private utility companies operating in the City. The chart above illustrates collection trends between FY 2011 and FY 2015. Based on the years illustrated in the trend analysis, FY 2015 generated the most revenue in franchise fees. The percentage increase in franchise fees collected between FY 2014 and FY 2015 was 8%. Ile WWW.CITYOFSOUTHLAKE.COM REVENUE Hotel Occupancy Tax Collected $1,200,000 $1,000,000 $800,000 Dollars $600,000 $400,000 ' $200,000 $0 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year *Unaudited The Hotel Occupancy Tax (HOT) is authorized under the Texas Tax Code, Chapter 351. The City of Southlake adopted Ordinance No. 769 in February 2000, levying a 7% tax on room receipts. The tax on rooms at the Hilton in Town Square is providing the revenue to the City in this category. The first expenditures from this fund were made in FY 2008. The chart below illustrates collection trends from this revenue source between FY 2011 through FY 2015. The amount collected through the City's hotel tax has steadily increased during that time span. Use of these funds is restricted, and planned expenses must be authorized uses under the Texas Tax Code, Chapter 351. The City partially funds the Public Art program from the HOT. lrrgl�-.,.. 1 tam WWW.CITYOFSOUTHLAKE.COM REVENUE New Residential & Commercial Construction Permit Fees Collected ■ Residential Permit Fees ■Commercial Permit Fees $1,200,000.00 $1,014,083 $1,000,000.00 $800,000.00 $775,707 $705,374 $642,764 Dollars $600,000.00 $452,159 $406,499 $401,780 $400,000.00 $354,316 $200,000.00 $166,513 $94,067 $0.00 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year A large revenue source for the City's General Fund comes from the fees associated with the issuance of building permits. As with the reduction in square footage permitted in the City, the nationwide economic climate likely had the same impact on permit fee collection. As can be seen in the graph above, the amount of permit fees collected through residential construction has steadily increased between FY 2011 and FY 2015. Between FY 2014 and FY 2015 the amount in fees collected from new residential and new commercial permits increased by $479,360. The percentage increase in fees collected from new residential and new commercial construction permits between FY 2014 and FY 2015 was 40%. Fiscal Year Total Fees Collected from New Residential and Commercial Permits 2011 $448,383 2012 858,65 pq ` 2013 $871,887 2014 $1,177,487 2015 $1,656,847 I ` WWW.CITYOFSOUTHLAKE.COM REVENUE Sign Permit Fees Collected $35,000 $30,000 $25,000 $20,000 Dollars $15,000 $10,000 $5,000 $0 T FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year As previously noted, the regulation of signage within the City is handled internally. Each permit has a specific permit fee associated, and the chart on this page highlights the revenue generated from processing sign permits. The collection of fees from processing sign permits has been a relatively stable source of income between FY 2011 through FY 2015. $ 30437 Collected from Sign Permits during 44 WWW.CITYOFSOUTHLAKE.COM REVENUE Total Fees from Building Permits $2,500,000 $2,000,000 $1,500,000 Dollars $1,000,000 $500,000 $0 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Fiscal Year The Planning and Development Services Department processes many different types of permits throughout the year. The previous pages of this report highlight new construction permits and sign permits. The chart above includes fees collected from those sources, as well as accessory buildings, pools, commercial remodel, re-occupancy, MEP, reroof, and more. The revenue collected from processing these permits is substantial. $2y35OY810 Cw 1 in Fees Building FY 2015 WWW.CITYOFSOUTHLAKE.COM L 45