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State of City of Hurst

• First half of 2004/5 Very positive sales taxes
  up 9
• Second half of 04/5 Revenues flattened Loss of
  Ultimate, KG Mens
• Future Economic impact of energy prices on
  disposable income

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State of City of Hurst

• Implementing conservative Fiscal Management Plan
  for 2005/6 fiscal year
• Conservative spending until February 2006
• No program or service cuts
• Capital purchase freeze
• Strategic Planning is key to Budget Development

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Strategic Planning Calendar
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City Manager
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Fiscal Management

• Budget - 53.7 million
• Increased 4.81 2005/6
• Tax Rate Decreased 10.7 cents over 13 years

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Economic Development

• New
• Johnny Carinos
• Medical Office Building
• Teape Subaru
• Cavenders Boot City
• Cook Children's Medical Center Addition
• Wal Mart Retail Area 40,000 sq.ft.
• Community Bank

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Economic Development

• Revitalization
• K-Mart
• Conns
• Quick Trip
• Artisan Theatre (Bellaire)
• Wachovia Bank

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Mixed-Use Redevelopment

• Council Approved Mixed Use Zoning to Facilitate
  Redevelopment (Pipeline/Bedford Euless Corridors)
• Includes
• Buildings or Projects Can Mix Retail,
  Residential, Office
• Pedestrian-friendly Corridors
• Streetscapes, Incentives Possible with First
  Partners
• Maybe Hwy 10

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North East Mall

• New Additions
• Rave
• Carrabas
• RJ Gators
• Largest Taxpayer in Hurst - 11.4 million
  annually in taxes (10.6 million sales 815K
  property)
• 60 of all sales taxes generated by the Mall
• 99 leased

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Bond Election Scheduled

• On November 8, 2005, the City will hold its first
  bond election in 21 years.
• Hurst has lowest bond debt per capita

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Pay As You Go Projects
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Bond Election

• Bond election will consist of six propositions
  that address facility needs and streets and
  drainage.

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Priority Capital Projects Recommended

• PHASE I PROJECTS Cost
• Fire Station 2- Land Construction 2.5
  Million
• Senior Citizens Center 2.0 Million
• Pecan Street Pedestrian Bridge 100,000
• Total G.O. Bonds to Sell 4.6 Million
• PHASE II PROJECTS
• Library Improvements 1.5 Million
• Drainage Improvements (Zelda Hayes) 1.0
  Million
• Bellaire Dr. Reconstruction 1.6 Million
• Total G.O. Bonds to Sell 4.1 Million
• PHASE III PROJECTS
• Hurst Athletic Complex Drainage 1.7 Million
• Street and Drainage Improvement (Lorean) 1.4
  Million
• Total G.O. Bonds to Sell 3.1 Million
• Total G.O. Bond Sale 11.8 Million

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2005 Bond Election Projects
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Bond Election Cost

• Total Cost of All Propositions - 11.8 million
• Estimated Tax Rate Impact 5.5 cents
• Seniors are not impacted due to tax freeze
• Impact is calculated assuming a 4 property value
  increase

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State of City of Hurst

• Success attributed to
• Dedicated and committed City Council
• Proactive professional staff
• Involved citizens
• Strong, supportive business community
• Growing and vibrant quality of life
• Committed to strategic planning