Check out some recent government updates, including Southlake officials approving a funding district for a new mixed-use development and Grapevine leaders lowering the city tax rate for next fiscal year.
Southlake creates funding district for Shivers Farm development
Southlake City Council created a tax increment reinvestment zone, or TIRZ, around the commercial district of the Shivers Farm development in order to reinvest taxes into public infrastructure construction, upkeep and improvements within the zone. Shivers Farm is a 40-acre development which will include a commercial district with a Whole Foods and a residential district with 37 single-family homes. Developer Trademark Property Company first broke ground on Shivers Farm in September.
Grapevine lowers tax rate for FY 2026-2027
Grapevine officials approved a tax rate of $0.226817 per $100 valuation for fiscal year 2026-27. The approved tax rate determines property tax revenue for the city and is 4.4% lower than the current FY 2025-26 rate of $0.237228 per $100 of valuation. The approved tax rate is the no-new-revenue rate, meaning the city will generate the same amount of revenue as the previous fiscal year, accounting for any property value changes.
Colleyville reaches 96% retail occupancy, $7.8M in business grants
Colleyville has increased its retail occupancy rate to 96% and given out over $7.8 million in grants to local businesses since 2018, according to an economic development update presented in early October. The city is currently developing previously unused land, with 82,989 square feet of construction currently underway and another 175,000 square feet planned, according to the city. The city grants include both money that goes directly to businesses and incentive programs for Colleyville residents.
Grapevine moves forward with water, wastewater plant improvements
Grapevine City Council approved the replacement of pumps at Meadowmere Park and the Wastewater Treatment plant. The council previously approved issuing up to $30 million in certificates of obligation to fund projects related to the city’s water and wastewater treatment plants.
Colleyville City Council to reconsider vote on dog boarding facility
The application to build an All American Pet Resort was denied by Colleyville City Council in a 4-3 vote in September. Council unanimously voted to reconsider its prior action Oct. 5. The facility would offer dog grooming and training as well as overnight boarding for around 80 dogs, the applicants said during the meeting. The facility would also include an 1,800-square-foot outdoor yard, according to the proposal.
Southlake City Council removes term limits for boards and commissions
Boards and commissions within the city of Southlake will no longer have term limits after the city council voted to update the code of ordinances. Previously, members were not allowed to serve more than three consecutive two-year terms, according to the city. Under the new ordinance, members can be reappointed to a board after every two-year term.
357-unit senior living facility moves to Southlake City Council
The Southlake planning and zoning commission approved the site plan for a 17.6-acre senior living community on the southeast corner of North Carroll Avenue and East Highland Street on property owned by Carroll ISD and Gateway Church. If the facility is approved, it will be developed, owned and operated by Touchmark, which has 18 facilities throughout the United States and Canada. The Southlake senior living community would have a total of 357 units, including units for independent living, assisted living and memory care, according to the proposal.
