Item 6G
Ordinance No. 1112, 2nd Reading, Calling a Special Election
Item 6G
Ordinance No. 1112
2nd Reading calling a special election
Reduce the CCPD sales and use tax
Create a Type A economic development corporation
to fund a community entertainment and recreation center
to promote economic development in the city
Project Details:
Total cost = $46.9 million
Phase 1 - $15.1 million
Phase 2 - $31.8 million
Operational costs estimated at $3.6 million
Anticipate 82% costs offset by user fees
No property tax revenue support
LEGENDS HALL
The Good News:
The City already has existing
savings to pay for Phase I.
$15.1 million
Phase i
Ground Breaking September 2014
Phase 1 Construction Underway
Phase ii
Funded through proposed dedicated sales tax.
$31.8 Million
DPS West
2100 West Southlake Boulevard
Opened: March 2002
DPS Headquarters
600 State Street
Opened: January 2010
DPS North
100 East Dove Road
Opened: January 2014
Southlake currently collects 2% sales tax
1 % goes to General Fund
½ % goes to Crime Control & Prevention District (CCPD)
½ % goes to Southlake Parks Development Corporation
Proposed repurposing of existing tax
No additional taxes
Voter approval needed
Sales Tax for Economic Development
Type A
Levy at one-eighth, one-fourth, three-eighths or one-half of one percent
Managed by a Development Corporation
Uses: create primary jobs; job training classes, targeted infrastructure, etc. Also…Type B projects with voter approval.
Proposed Ballot Language
“The decrease of the one-half percent (1/2%) Crime Control and Prevention District sales and use tax to one-eighth percent (1/8%) and the adoption of a sales and use tax for the promotion
and development of new and expanded business enterprises at the rate of three-eighths percent (3/8%) to be used for projects authorized by Chapters 504 and 505 of the Texas Local Government
Code, including specifically a community entertainment and recreational center and land, buildings, equipment, facilities, or improvements that provide new or expanded business enterprises
that create or retain primary jobs as authorized by Section 505.155 of the Texas Local Government Code, including maintenance and operation costs of an authorized project.”
May 2015 Special Election
Yes Vote =
Reduce CCPD tax to 1/8%
Repurpose 3/8% Sales Tax to Type A economic development corporation
Build Phase II and operate community recreation center
No Vote =
CCPD tax remains at 1/2%
Pursue other options for Phase II construction
Election Timeline
Feb 17
April 27
May 5
May 9
Call the Election
Early Voting Begins
Early Voting Ends
Election Day
Planned Initiatives
Community Meetings
Digital Media
1
Print Media
Questions? Ben Thatcher: 817-748-8005
Print Media
Project Timeline
Facility Renderings
Financial Facts
Election Information
www.TheMarqSouthlake.com
Digital Media
Digital Media
Southlake Resident Membership Fees:
The proposed membership fee structure also includes a benefit for Southlake Businesses by offering a 10% discount off the Non-Resident Membership Fees to their Non-Resident employees
and their families.
Non-Resident Membership Fees:
3D Animated Rendering