Since the $38,500 expense is under $50,000, city council did not need to hold a public hearing or formally approve the item in a regular session, City Manager Jerry Ducay said.
The overview
The city will be using the Tax Increment Finance funds, which is a method local governments can use to pay for improvements that will draw private investment, to purchase and install the signs. The new signs will be dark blue and illuminated with a “CV” monogram and “Colleyville” spelled out under the symbol.
“My opinion is that the look of SH 26 is kind of important,” Council Member Kimberly Holt Gunderson said. “If you want to attract business to Colleyville, you want it to look as good as it can and be consistent and not a bunch of hodge-podge, which we have a little bit of going on right now. That requires spending a little bit of money, so I’m not opposed to going ahead and doing it.”
The purchase will be for 47 street signs at these intersections:
- SH 26 and Longwood Drive
- SH 26 and John McCain Road
- SH 26 and Tinker Road
- SH 26 and Hall-Johnson Road
- SH 26 and Church Street
- SH 26 and Mission Lane
- SH 26 and Main Street/Thompson Terrace
- SH 26 and Glade Road
- SH 26 and Centerpark Drive
- SH 26 and Brown Trail/Mill Valley Drive
- Cheek-Sparger Road and Brown Trail
- Glade Road and Heritage Avenue
The backstory
The council discussed this item during the Jan. 7 and March 11 work sessions. At the council’s request, Colleyville staff ordered two mockup illuminated signs with the new “CV” monogram consisting of the blue that the street signs currently have and a darker blue matching the city's wayfinding signs. The signs were temporarily put up at Tinker Road and Colleyville Boulevard.
The purchase was less than $1,000 and came out of the capital funds budget for the project, Lothery said.
Also on the agenda
Colleyville residents will see an increase in waste disposal rates starting Nov. 1 following City Council unanimously approving a seven-year contract with Community Waste Disposal May 6.
The rates will increase by 15% for both commercial and residential customers, with customers paying $24.82 without tax and $26.86 with taxes.
Currently, customers pay $21.57 without taxes and $23.35 with taxes.
The rates for CWD are adjusted annually per Cost Adjustment Model formulas based on Dallas-Fort Worth consumer price index, compressed natural gas prices and landfill costs, according to city documents.
Also of note
Collevyille City Council is currently in a $3.08 million contract with Venture Commercial DFW to market the property off of SH 26 and Acuff Lane.
Venture asked for 180 more days to market the property in order to find a tenant.
“The city purchased this [in 2021] for the sole purpose of promoting quality economic development on the southern end of Colleyville,” Assistant City Manager Mark Wood said.
Venture is talking to a couple of tenants, one with a large name that can’t be revealed right now, Wood said.
“The names [we’re] hiding from the public right now are well worth the wait,” Mayor Bobby Lindamood said.
