Notice of Public Hearing FY2023-2024 Budget

City of Van Alstyne, Texas
Notice of Public Hearing
Fiscal Year 2023 – 2024 Budget

The City Council of the City of Van Alstyne, Texas, will conduct a Public Hearing on August 21, 2023 at 6:30 P.M., at the Van Alstyne City Hall, 152 N Main Dr., Van Alstyne, Texas, to discuss the proposed fiscal year 2023 – 2024 budget for the City of Van Alstyne, Texas.

This budget will raise more revenue from property taxes than last year’s budget by an amount of $1,253,969 which is a 38.65% increase from last year’s budget.  The property tax revenue to be raised from new property added to the tax roll this year is $563,042.

The proposed budget for the fiscal year beginning October 1, 2023 and ending September 30, 2024 includes a property tax rate of $0.553713 per $100 of taxable value.

Notice of Intention to Issue Certificates of Obligation

NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION
OF THE CITY OF VAN ALSTYNE, TEXAS

NOTICE IS HEREBY GIVEN that the City Council of the City of Van Alstyne, Texas, at its meeting to commence at 6:30 P.M. on October 10, 2023, at the City Hall, 152 N. Main Drive, Van Alstyne, Texas, tentatively proposes to adopt an ordinance authorizing the issuance of interest bearing certificates of obligation, in one or more series, in an amount not to exceed $15,400,000 for paying all or a portion of the City’s contractual obligations incurred in connection with (i) acquiring, constructing, and equipping a municipal complex, including a police station, fire station and other public safety facilities; (ii) constructing, reconstructing and improving streets, roads, sidewalks and alleys, including bridges and intersections, street overlay, landscaping, lighting, signalization, traffic safety and operational improvements, culverts and related storm drainage and utility relocation; (iii) the construction of improvements and extensions to the City’s water and wastewater system; (iv) acquiring, constructing and equipping public parks, including landscaping, irrigation, drainage, lighting, benches, pavilions, walking paths, public restrooms, soccer fields, parking facilities and related infrastructure; and (v) paying legal, fiscal, architectural and engineering fees in connection with these projects.  The estimated interest rate for the certificates is 4.58% per annum, the maximum maturity date for the certificates is February 15, 2053, and the estimated combined principal and interest required to pay the certificates to be authorized on time and in full is $29,515,357.  The current principal of all outstanding debt obligations of the City is $39,045,000.  The current combined principal and interest required to pay all outstanding debt obligations of the City on time and in full is $63,859,610.  The City proposes to provide for the payment of such certificates of obligation from the levy and collection of ad valorem taxes in the City as provided by law and from a pledge of certain surplus revenues of the City’s waterworks and sewer system, remaining after payment of all operation and maintenance expenses thereof, and all debt service, reserve, and other requirements in connection with all of the City’s revenue bonds or other obligations (now or hereafter outstanding), which are payable from all or any part of the net revenues of the City’s waterworks and sewer system.  The certificates of obligation are to be issued, and this notice is given, under and pursuant to the provisions of V.T.C.A., Local Government Code, Subchapter C of Chapter 271.

CITY OF VAN ALSTYNE, TEXAS

 

Employment Opportunity: Interim Community/Economic Development Director

The City of Van Alstyne is now accepting resumes for Interim Community/Economic Development Director.  Please submit resumes to the City Manager.

The Interim Community/Economic Development Director is responsible for directing, coordinating, and administrating economic development efforts, targeting new economic development opportunities, retaining and expanding existing businesses, facilitating programs to enhance economic development and job growth, managing economic development staff, and serving at the direction of the City Manager while meeting the strategic goals and objectives of the C/EDC BoD.

Primary Functions:

*     Development of market research objectives to help the organization meet its strategic objectives.
*     Communicates and coordinates with real estate professionals, developers, and business owners to attract, expand business in Van               Alstyne.
*     Develops and implements Business Retention and Expansion programs for existing business.
*     Markets and promotes Van Alstyne to business interests locally, regionally and nationally.
*     Provide professional assistance with retail, commercial, industrial and tourism-related development
programs, projects, and activities for the long-term benefit of Van Alstyne.
*    Prepares grant/incentive applications and proposals and reviews proposed contracts for accuracy and completeness.
*     Works with City departments, developers, and external entities as needed, facilitate the coordination of the review and approval                   process with appropriate boards, committees, assist developers on inter-governmental issues as required.
*     Works with consultants to facilitate strategic planning.
*     Monitors economic development expenditures ensuring programs and budgets are properly managed and executed.
*     Provides monthly financial report to C/EDC BoD and City Manager.
*     Prepares agendas and attends C/EDC meetings.
*     Provides semi-annual presentation to City Council on the activities of the economic development efforts.
*     Thorough understanding of economic development principles, incentive programs, and practices.

Requirements:

*      A bachelor’s degree in business, economics, or other related fields from an accredited college or university.
*     Minimum of seven (7) years’ economic development experience as a senior C/EDC professional
*     C/EDC Certification is strongly preferred

 

Compensation via contract for services and depends on experience and qualifications.