ChisholmSummit

Burleson City Council 3/15/20201

Presentation Outline

• West Side Strategic Issues

• Master Planned Communities

Policy

• Economic Development Strategic

Plan

• Chisholm Summit Overview

• Professional Office Park

• Financial Overview

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West Side Strategic Issues

• Development Agreements• 2014 & 2016• Protect future growth• Requires annexation of development

• Connectivity & Infrastructure• Potential for growth• Lack of East/West & North/South Corridors• Connection to Chisholm Trail Pkwy is

difficult• Emergency response is hindered due to

poor roadway network• Sewer access is limited

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Master Planned Communities (MPC) PolicyIn early 2020, staff visited several MPCs and identified the following common elements:

• Connectivity

• Mixture of home types & sizes

• Preservation of natural areas

• Sense of place and community

• Walkability

• Uniqueness

While Burleson has a number of desirable neighborhoods, we lack a true MPC

In July 2020, the Council created an MPC policy which included guidelines and criteria for City Participation and incentives Incentives were tiered based on the size of the proposed development and

elements offered

Eligible Incentives

• City participation with developer

• City infrastructure expansion

• Establishment of a PID

• 380 Agreements

• Type A incentives

For developments exceeding 400 acres, the below potential incentives could be offered for projects that adhere to identified goals:

Economic Development Strategic Plan

◦ In December 2020, staff presented a new strategic plan to the City Council

◦ The plan provided a detailed demographic profile of the City, and based on this data, the following strategic approach was developed:◦ Continue to maximize investment in HighPoint Business

Park

◦ Shift incentive focus from Industrial/Manufacturing to Corporate and Regional Office development

◦ Increase retail recruitment efforts

◦ Identify location to establish a professional office park potentially near Chisholm Trail Parkway

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Chisholm Summit Overview

◦ Burleson Development, Inc. has proposed the development of approximately 900 acres on the West side of the City

◦ Staff has successfully worked with the developer to incorporate:◦ Desired MPC elements◦ Creation of a professional office park◦ Establishment of a West side roadway network◦ Extension of sewer line

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Highest developable point in Johnson County

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Chisholm Summit915 acres

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Burleson Development, Inc.

• 2005 – Annexations by City of Burleson to establish a western boundary at the Chisholm Trail Parkway (CTP)

• 2014 & 2016 – Development Agreements with CTP-area owners in Burleson extra-territorial jurisdiction to establish rules for future annexations

• 2016-2021 – Burleson Development, Inc. and affiliated partners coordinate acquisition of large parcels near the CTP

• 2018 – “Chisholm Summit”, a residential community on the CTP, presented to the City for preliminary review but faced challenges related to sewer capacity

• 2019 – Wastewater Analysis for Chisholm Summit area conducted

• 2021 - Additional acquisitions and partnerships bring development of Chisholm Summit to approximately 915 acres 12

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Approx. 915 acres in Master-Planned Community

3065 Residential Units (projected) 75% Single-family (ranging frontage 40’ to 80’) 25% Townhome/Senior Living/Multifamily

Over 10 miles interconnected Trail System

102 acres dedicated Park land Community Park, Pocket Parks, Trail Parks Equestrian Center, Passive & Natural Areas Minimum by ordinance is 30 acres

Water – Johnson County SUD

Sewer – City of Burleson

Electric – United Cooperative

School – Joshua ISD

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28 acres – Commercial nodes Neighborhood services at high-traffic

corners Central node - “Chisholm Square”

92 acres – Professional Office Park / Medical District

Adds over $1 Billion in new value over 20 years Full report by City economic adviser to

follow

Water – Johnson County SUD

Sewer – City of Burleson

Electric – United Cooperative

School – Joshua ISD

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All Master-Planned Developments: Enhanced Landscaping Architectural Standards Enhanced Walls and FencingOpen Space over Minimum

Larger Developments:Connecting Trails Lot Size Variety Buffers Amenity Centers Themes & Sense of PlaceCommercial ElementsNeighborhood ActivitiesCreative Additions

+

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RUSTICGROWTHHORSESFOLKGATEWAYPROGRESS TRAILS

OUTDOORSPURPOSE

MOVEMENTNATURE

TOGETHERCOMMUNITYNEIGHBORSGENERATIONALCARE

CHISHOLM SUMMIT EQUESTRIAN CENTER (EXISTING)

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Trails for horseback riding

Over 45 acres with large peaceful ponds for fishing and relaxing Full property shown here is

approximately 160 acres

Equestrian Center currently on property will remain as an amenity for Chisholm Summit residents

Shade pavilions and pocket park

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Chisholm Summit has a range of lots to meet any resident’s age, family status, or income

Single-family homes include: Cottages with detached garages Traditional one- and two-story homes Patio homes with shared front yards and alley access Lots with a little more elbow room and existing trees Estate lots with a view of Burleson

Higher-density areas include: Age-55+ homes under 1300 sqft Two-story townhomes on zero-lot lines Multifamily housing with facility amenities Senior care centers with nearby greenspace

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40’ Patio Homes – 9% $240,000 - $260,000

56’ Cottage – 13% $295,000 - $340,000

60’ Traditional – 35% $380,000 - $410,000

70’ Traditional – 7% $410,000 - $480,000

80’ Traditional – 22% $600,000 - $750,000

Estate Lots – 3% $750,000 - $1,000,000

55+ Residential – 3% MF/Senior Residential – 6% Townhomes – 2% $295,000 - $340,000

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Cottage Homes (56' lot) Traditional House (60' lot) Traditional House (70' lot)

55+ Single-Family (10 DUA)Patio Home (40' lot)Estate House (80'+ lot)

Townhomes (18 DUA)Senior Living (16 DUA)Multifamily (24 DUA)

Following rooftops, land is preserved for commercial and neighborhood services

Community “downtown” node called Chisholm Square Similar size to 9 square blocks

of Old Town

Commercial areas to be connected by trail system

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Over 90 acres with convenient access to Chisholm Trail Parkway via FM 1902

Professional office park with opportunity for medical

Bisected by major boulevard

Ideal live-work lifestyle for families in over 3000 units

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Major park improvements will distinguish Burleson above its neighbors

The scale of improvements as required for a master-plan community is over and above the standard subdivision

Developer will seek a Public Improvement District to assist with the construction and maintenance/operation of the amenities, parks, trails, etc.

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A public improvement district means parks are delivered faster and at a higher quality

PID will not exceed the equivalent tax rate of $0.25

The annual fee covered by the homeowner should be close to regular HOA dues (about $750 on a $300K home)

The overall tax rate is comparable to the rest of Burleson and better than other PID areas in DFW

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0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

TAX

RA

TE

PID

Hill College

County

Burleson

ISD

2.54 2.632.80 2.84 2.84 2.88

2.99 3.00

The “Burleson West” area encompasses over 1600 acres of future growth for the City

Sewer expansion is necessary to take full advantage of the City’s claim on the CTP

Future growth for Burleson will depend on a sufficiently-funded sewer program

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Dedicate ROWs for public infrastructure at no charge

Dedicate 3-acre tract for Public Safety facility

Coordinate design and construction of all public infrastructure (roadways, sewer, lift stations, etc)

Timely delivery of development and infrastructure

Coordinate any Public Improvement District construction and activities

Follow City guidelines established by Development Agreement, Zoning Ordinance and Enhanced Design Standards detailed in the MPC Policy

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The development team is excited to be a part of the future growth of Burleson and appreciates the work of City staff to put together the best project possible.

We are grateful to continue working together toward all the necessary entitlements to see Chisholm Summit come to fruition.

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National/RegionalCorporate Office Park

92ac “Hooper Tract” located adjacent, directlynorth of proposed Chisholm Summit

-EDC is currently under contract for approx. $4.15M

-Closing date 4/30 with two 30-day extensions

4A funds can be used to provide infrastructure connection to business park

Focused on attracting national and regional corporate headquarters

Designed to achieve goals in Economic Development strategic plan

Completes connection of Alsbury to Chisholm Trail Parkway

Proposed Participation

Immediate PhasesReimburse Developer for the design and constructioncost of roadway improvements to extend AlsburyBoulevard from CR 1020 to FM 1902

• Est. Cost - $35M

Reimburse Developer for the design and constructioncost of wastewater improvements

• Est. Cost - $8M

Future Phases

City to design and construct Alsbury Blvd. from CR 914 to Hulen St.

• Est. Cost - $31M

City to design and construct Lakewood Blvd. from CR 1020 to existing alignment

• Est. Cost - $25M

West Side Connectivity

Immediate Phases

Future Phases

Financial Analysis

City has hired Tischler Bise to perform a financial analysis for this development

• Firm specializes in economic and financial analysis for development projects

• Will develop detailed cost and revenue projections for development

• Report will be presented publically to the City Council on May 3rd

• Results will be known before any official action is requested for the project

Intent of the study is to show conclusively whether the public investments in this project generate a net benefit for the existing taxpayers

4A Economic Development FundBudgetFY2021 Est FY20-21 Projected

FY2022ProjectedFY2023

ProjectedFY2024

ProjectedFY2025

Projected FY2026

Projected FY2027

Projected FY2028

Projected FY2029

Projected FY2030

Beginning Fund Balance $7,746,357 $7,746,357 $1,610,030 $3,712,977 $5,764,910 $6,951,361 $7,042,510 $7,941,902 $8,821,263 $9,681,049 $10,905,851

Sales Tax Revenue $5,086,472 $5,430,139 $5,701,646 $5,872,695 $6,048,876 $6,230,342 $6,417,253 $6,417,253 $6,417,253 $6,417,253 $6,417,253

Other Revenue $180,625 $205,625 $207,125 $263,293 $271,193 $279,329 $282,606 $285,983 $289,461 $293,043 $296,733

Total Revenue $5,267,097 $5,635,764 $5,908,771 $6,135,989 $6,320,069 $6,509,671 $6,699,859 $6,703,236 $6,706,714 $6,710,296 $6,713,986

Personnel $252,507 $252,507 $261,612 $271,054 $280,845 $290,998 $301,528 $311,396 $321,601 $332,156 $343,072

Debt Service Payment $2,393,731 $2,393,731 $1,990,420 $2,212,596 $3,204,355 $4,429,653 $3,785,586 $3,783,179 $3,779,600 $3,390,694 $3,393,575

Other Expenditure $1,511,687 $9,125,853 $1,553,792 $1,600,406 $1,648,418 $1,697,871 $1,713,353 $1,729,300 $1,745,726 $1,762,644 $1,780,070

Total Expenditure $4,157,925 $11,772,091 $3,805,824 $4,084,056 $5,133,618 $6,418,522 $5,800,467 $5,823,875 $5,846,927 $5,485,494 $5,517,717

Net Revenue (Loss) $1,109,172 ($6,136,327) $2,102,947 $2,051,933 $1,186,451 $91,149 $899,392 $879,361 $859,787 $1,224,802 $1,197,268

Ending Fund Balance $8,855,529 $1,610,030 $3,712,977 $5,764,910 $6,951,361 $7,042,510 $7,941,902 $8,821,263 $9,681,050 $10,905,852 $12,103,120

FB% to Expenditure 212.98% 13.68% 97.56% 141.16% 135.41% 109.72% 136.92% 151.47% 165.58% 198.81% 219.39%

Projection includes:• $2,045,760 - FY 2021 Ellison St Project• $1,400,000 - FY 2021 Purchase of 130 East Renfro property• $4,100,000 - FY 2021 Purchase of office park

Bond Issues:• $5,000,000 – FY 2022• $15,000,000 – FY 2023• $15,000,000 – FY 2024

Next Steps1. May 3 - Tischler Bise to present financial

analysis 2. May 10 - Staff to present PID policy

overview; specific PID elements; and development agreement key terms

3. June - Staff to present Chisholm Summit development agreement for consideration

4. Summer 2021– Consider approval of PID for Chisholm Summit

5. Fall 2021 –Annexation/Zoning6. Early 2022 – Construction on roadways7. 2024 – Home construction begins