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Lewisville. THE LOCAL ECONOMY: A QUICK BRIEFING

A FEW WAYS WE MAKE THINGS EASIER Low Tax Environment Low property taxes will long outlast any abatement or one time incentive that can be offered by a municipality. With one of the lowest combined tax rates in DFW, Lewisville businesses can keep taxes low on their valuable improvements.

Demographics Estimated Population 2010 Population 2000 Population 2005 Forecasted Population 2020 Forecasted Population 2030 Mean Family Income 2009 Estimated Households 2009

96,480 77,737 87,841 96,844 111,168 $77,156 39,347

Location

Short Development Timeline One-Stop-Shop Review and Permitting Staff Approval on Most Projects Fast-Track Review Available “The City of Lewisville has been good to work with on this project. They have been responsive to our requests and seem genuinely interested in solving problems quickly so that the building process can move along. I wish that all of the other cities in the Metroplex would act the same way.” Panattoni Construction Inc. General Contractor, Vinson Process Controls

Amenities DFW International Airport - 15 Minutes Away Interstate I-35E, Sam Rayburn Tollroad Access A-train Commuter Rail/Transit Infrastructure 2000+ Acre Nature Preserve Lewisville Lake (Dubbed the “Urban Bass Capital” by the Dallas Morning News) 9 Championship Golf Courses within 5 miles Over 20 higher education facilities nearby, such as The University of North Texas, Texas Woman’s University, SMU, TCU and UTA.

Strong Service Capacity Treated Water Sanitary Sewer New Roadway Projects Park Improvements

38 Million GPD 15 –30 Million GPD $68.8 Million in Investment $4 Million Annually

Investing in You Property Tax Abatement or Tax Rebate Chapter 380 Grants Triple Freeport Tax Exemption Fast-Tracking Permits Redevelopment Incentives Retention & Expansion Incentives County and State Incentives Other Forms of Assistance as Needed

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville.

In Lewisville, we respect the complexity of corporate real estate decision making. We also believe in the power of real people and real stories. Hear a couple from industry titans that have chosen to make Lewisville home.

“JAFRA(R) is very excited about our new Connie Tang PRESIDENT, JAFRA USA Leading International Women’s Beauty Care Products

distribution facility in Lewisville! This city is the perfect centralized location to provide balanced service levels to all our consultants.”

“Smart companies are locating here, positioning North Texas and Lewisville as leaders in a new world economy.”

Lucy Billingsley PARTNER, BILLINGSLEY COMPANY A leader in Texas land and urban development

“Lewisville has been ideal for growing Terminal Mark Randel CEO AND FOUNDER, TERMINAL REALITY International leader in video game development

Reality into one of the largest independent video game developers in Texas. “

“Our new Hebron 121 Station offers it all

without compromises. A transit oriented development, first class amenities, recreation, lakes and trails will make this resort-style master-planned community an oasis in Lewisville.”

Donald Huffines PRESIDENT, HUFFINES COMMUNITIES One of the largest North Texas community developers

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. READY FOR OCCUPANCY

READY TO BUILD

Lake Vista 7

Southwest Lewisville Development Sites

Class A Offce Lot Size: 17.46 Ac.

500+ Ac. of Development Ready Sites

Majestic Airport Center - Phase I Flex Industrial Lot Size: 65+ Ac.

Austin Ranch Development Sites 200+ Ac. of Development Ready Sites

121 Lakepointe Crossings Lot Size: 9.97 Ac.

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. READY TO BUILD Austin Ranch Development Sites 200+ Ac. of Development Ready Sites

Austin Ranch is a master-planned community that would provide a picturesque setting and practical facilitation. The mix of uses includes industrial and flex properties with Build to Suit options. Infrastructure for the development is in place. Below are the distinctive characteristics of the district: • Greenfield Property • Scenic and Well Planned Development Environment • Shovel-Ready • Infrastructure in Place • Sites from 40-100 Acres Available • Existing Industrial District • Quick and Easy Access to International Airport and Ground Transport • Fast Track Development and Economic Development Support • Close proximity to Skilled Workforce and Higher Education Facilities

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. READY TO BUILD Southwest Lewisville Development Sites 500+ Ac. of Development Ready Sites

Southwest Lewisville provides an ideal environment for commercial development. The district is planned for industrial and flex facilities, and is already home to firms focused in the areas of energy and research and development. Infrastructure for the district has already been constructed as part of a City partnership with property owners in the area. There are multiple sites in Southwest Lewisville that could facilitate the needed site requirements. Below are the distinctive characteristics of the district: • Greenfield Property • Shovel-Ready • Even Topography • Infrastructure in Place • Sites from 40-100 Acres Available • Existing Industrial District • International Airport within Minutes of Site • Fast Track Development and Economic Development Support • Close proximity to Skilled Workforce and Higher Education Facilities

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. READY TO BUILD Waters Ridge North

90+ Ac. of Development Ready Sites

Waters Ridge North is an extension of the largely successful Waters Ridge Business Park with well developed infrastructure, excellent access and services. Below are the distinctive characteristics of the district: • Greenfield Property • Shovel-Ready • Infrastructure in Place • Existing Industrial & Corporate District • Adjacent to Scenic Railroad Park, Lakes and Water Features • Quick and Easy Access to International Airport and Ground Transport • Fast Track Development and Economic Development Support • Close proximity to Skilled Workforce and Higher Education Facilities

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. CORPORATE LOCATIONS Lewisville’s strength is due in large part to its diverse local economy and continued growth. Below is a listing of the latest news in corporate expansion and development in Lewisville.

Blue Lynx Media - Tribune Company Jobs: Average Salary: Real Estate:

495 $60,641 50,000 sf at ConVergence

Med Fusion Laboratories Jobs: Payroll: Real Estate: Comments:

PLACE MAKING Transit Oriented Planning With commuter rail operations nearing (2010), Lewisville is planning to help the community’s transition to transit orientation. Plans are underway to maximize the community’s connection with the rail at the City’s three transit stops. The City is seeking partnerships for elements of each plan, ask us for further details.

900 $67,000,000 172,000 SF Molecular testing & diagnostic lab

Jafra Cosmetics International, Inc. Real Estate: Comments:

60,000 SF, Majestic Airport Center Cosmetics Distribution Facility

Hebron 121 Station • • • •

400 Acre Transit Oriented Development Regional Rail Connectivity 2010 Retail, Office, Medical, Entertainment, TIRZ in Place 90+ Acres of Development Sites Available

Hilton Garden Inn & Convention Center • •

Public Private Partnership 6-story, 161 room hotel with 20,000 SF of conference space

Interstate 35 Corridor Planning

Orthofix Inc. Jobs: Investment: Real Estate: Comments:

315 $24,900,000 140,000 s.f. Office in Austin Ranch Orthopedic Med Device Manufacturer

Vinson Process Controls Jobs: Investment: Real Estate: Comments:

78 Minimum (Avg Salary 88,000+) $4,750,000 60,065 SF clean manufacturing facility Corporate Headquarters, Oil & Gas Valve and Regulator Distribution

Semperian Financial Services Jobs: Investment: Real Estate: Comments:

800 $11,100,000 122,000 s.f. Lake Vista Pointe Financial services arm of GMAC

TIAA-CREF Jobs: Investment: Real Estate:

350 $12,900,000 52,000 s.f. at Lakeside Office 1

According to regional estimates I-35E will carry roughly 130,000 vehicles per day over the next two decades. In its early stages, the Interstate 35E Corridor Plan, will cast a vision for potential development opportunities, incentives and partnerships that are possible throughout this heavily trafficked corridor.

Brownfield & Redevelopment Incentives As an urbanized anchor point in the Denton County subregion of Dallas/ Fort Worth, Lewisville has the ability to support redevelopment projects in the community that encourage clean up and reuse of idled or underutilized property.

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. TAXES & UTILITIES 2010 Tax Rate

Below are property tax millage rates per $100 of valuation: City of Lewisville Property Denton County/LISD City of Lewisville Sales

$0.44021 $0.2739/$1.4267 8% (1.75% local option)

Carrollton Dallas Grapevine Irving Coppell Farmers Branch Addison Lewisville

County

County

Dallas Dallas Tarrant Dallas Dallas Dallas Dallas Denton

0.602212 0.602212 0.629567 0.602212 0.602212 0.602212 0.602212 0.2498

The City of Lewisville has strong relationship with private utility providers in order to ensure that development needs are met. Below is listing of private utility resources.

Electricity:

Visit www.powertochoose.org for information on Retail Energy Providers in Lewisville.

Comparative Tax Rates Location

Private Utilities

ISD

City

1.3422 0.617875 1.271343 0.7479 1.29 0.35 1.425 0.5406 1.2834 0.64146 1.3422 0.5195 1.271343 0.496 1.4087 0.44021

Total Combined 2.562287 2.621455 2.269567 2.567812 2.527072 2.463912 2.369555 2.09871

Note: The above listed rates do not include special taxing districts such as hospital or improvement districts.

State of Texas Taxes The following is an abreviated listing of taxes that are administered by the State of Texas. Unemployment Tax - 0.72%. - 8.60% on first $9K, per employee Franchise Tax or “Margin Tax” - 1.0% (.01) for most entities Sales Tax - 6.25% of sales Motor Fuels Tax - $0.20 per gallon of gasoline Worker’s Compensation - Texas Department of Insurance

Natural Gas:

Atmos Energy provides natural gas service in Lewisville.

Telecommunications:

Visit the Public Utilities Commission of Texas for a listing of telecommunications providers serving businesses in Lewisville.

Sewer Rates

Sewer rates are based on consumption using a block rate structure combined with monthly water usage rates. Designated irrigation service is exempt from sewer billing upon verification. First 2000 gallons is $8.16 added to current month water usage rate Each additional 1000 gallons used is $3.28 per thousand added to current water usage rate

Water Rates

Water rates are based on meter size using a block rate structure. Consumption of the first 2000 gallons is priced as follows. Beyond the first 2000 gallons a flat rate per thousand applies. Meter Size 5/8 inch 3/4 inch 1 inch 1-1/2 inch 2 inch 3 inch 4 inch 6 inch 8 inch 10 inch

1st 2000 Gal. $ 13.18 $ 13.18 $ 19.21 $ 36.37 $ 60.42 $ 129.18 $ 225.38 $ 500.38 $ 885.36 $1,380.31

All consumption over 2000 gallons at $2.73 per thousand. CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. WORKFORCE TRAINING Training Assistance Program

Funding for training new and incumbent employees can be coordinated through the Skills Development Fund (SDF) of the Texas Workforce Commission. The Texas Workforce Commission has allocated $90 Million in Skills Development Funds to support high quality, customized training projects across the state. The Skills Development Fund (SDF) program assists businesses by financing the design and implementation of customized job training projects. This fund successfully merges business needs and local customized training opportunities into a winning formula to increase the skills levels and wages of the Texas workforce.

Program Requirements

The City of Lewisville can help facilitate the development of an eligible funding application for the SDF. To be considered for an SDF grant, the applicant must: • Partner with a public community or technical college, the Texas Engineering Extension Service, or a private, non-profit community-based organization in partnership with one of these institutions. • Be actively involved in the planning and design of the customized training project. • Pay wages to the employees who successfully complete the training program that are equal to or greater than the prevailing wage for the occupation in the local labor market. • Disclose any other state or federal grant funds sought or awarded for the proposed training project. • Sign an agreement with the grant applicant outlining each entity's roles and responsibilities in the training project, including reporting requirements related to trainee participation. • Provide equal employment opportunity documentation as well as information on the occupations for training, employment benefits, wages and social security numbers for trainees. • Use WorkinTexas.com to post openings for new workers trained under the project.

Use of Funding

A customized training program can be coordinated with the local public community or technical college administering the grant. Training can be conducted at the business location or at the campus of the partner institution for incumbent or new hire trainees. The average cost target for an SDF trainee is approximately $1,420, although the actual cost can be higher or lower. If the cost per trainee for a proposed project is higher than the average, an applicant may strengthen its proposal by including justification for the higher cost. Grants for a single business may be limited to $500,000. Tuition, curriculum development, instructor fees and training materials can be included; however, trainee wages, drug testing and certain travel costs and equipment purchases cannot be covered. Although, applicants may request a waiver and ask that the Executive Director consider the equipment request. Contracts are typically 12 months in duration.

Local Public Community & Technical Colleges: Junior Colleges North Central Texas College – Corinth Brookhaven College – Farmers Branch Collin County Community College – Plano/Frisco Tarrant County Junior College – Hurst/Ft. Worth

Vocational Trade/Technical Schools

Draughon’s College of Business – Ft. Worth Control Data Institute – Dallas American Trades Institute – Ft. Worth DeVRY Institute of Technology – Irving Texas Aero Tech – Dallas Find More at: www.cityoflewisville.com

For more information, please visit: http://www.twc.state.tx.us/svcs/funds/sdfintro.html OR Call the Workforce Business Services Outreach & Customer Support at: (877) 463-1777 or Skills@twc.state.tx.us

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. INCENTIVES Tax Rebates or Abatements:

are utilized to reduce the municipal property tax liability for economically valuable Projects. The City of Lewisville will consider use of a Tax Rebate for both firm based and development based incentives on a case by case basis according to the merits of each Project, including new jobs, average salary, total payroll, and capital investment. If utilized, Tax Rebates are subject to a maximum term of 10 years, cannot be applied to existing value, and the value of land. Projects requesting a Tax Rebate are evaluated based on the increase in assessed value over the base year value of property.

Grants:

Under Texas Local Government Code Chapter 380, the City of Lewisville is authorized to provide grants or loans of funds to stimulate investment. Because the City of Lewisville OED is funded primarily from General Fund revenues, the potential for cash driven incentives is limited. Incentives of this type are considered for focus area Projects, often on a reimbursement basis. This encompasses requests regarding construction costs, infrastructure, inventory tax, sales tax and fees.

State and Federal Incentive Support:

The City actively supports incentive requests made to other government entities having jurisdiction in Lewisville. While the City will partner with these Projects for support, and where requested, may elect to provide administrative or financial support to these applications. The City is not responsible for ultimate decisions to grant incentives by other governmental bodies. Such programs include: • Texas Enterprise Zone Fund • Foreign Trade Zones • Requests for rebates of state or federal taxes, fees, or impositions

Special Financing Initiatives:

The City of Lewisville, as other municipalities in Texas, has the capability of leveraging certain tax tools such as low or no interest loans, revenue bonds or sales tax increments. Utilization of these types of incentives is a time consuming process with substantive public involvement required, and as such, would be reserved for Projects of the highest caliber. Applicants that intend to request these types of incentives should submit a narrative Project plan to the City of Lewisville EDO.

Brownfields Redevelopment Program:

The City of Lewisville may fund Phase I and II Environmental Site Assessments for qualifying projects with the use of EPA grant funds. Certain projects could qualify for additional tax incentives based on the cost of clean up or potential economic impact of the project such as job creation or construction costs.

Utilities & Infrastructure:

A number of financing options are available to the City to assist with outlay associated with infrastructure and utilities. This type of incentive would be covered under Grant financing availability.

Expedited Permitting and Approvals:

Lewisville offers a one-stop-shop approach to permitting. The Lewisville Office of Economic Development and Planning will act as a facilitator for this project, ensuring expedited review and central staff contacts and oversight for the project.

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. PERMITTING & FEES One of Lewisville’s great strengths is its low permitting fees and speedy time to occupancy. For new construction, site plans can be approved in a matter of weeks. The estimated time to issue a building permit is 10 -20 working days from submission. When the City finds a project to be economically beneficial, Economic Development and Planning will provide a project coordinator to oversee the project. The City will do its best to expedite the review of permits in under 10 days. Based upon the proposed investment and the facility square footage proposed, our team can provide you with an estimate of potential local permitting fees for the project.

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. TOD IN OLD TOWN LEWISVILLE About the Old Town Lewisville TOD The Old Town TOD planning area comprises approximately 330 acres in the heart of Lewisville. At its core is a Denton County Transit Authority (DCTA) commuter rail station that will connect the City of Denton, in the north, to Downtown Dallas via connectivity with the Dallas Area Rapid Transit (DART) system. The TOD plan will utilize public investments to help spur private development and maximize grant funds based on buildable and realistic plans around the rail station. Lewisville has already been able to secure several million dollars in intergovernmental grants to implement public investment plans for civic an infrastructure improvements. Continuing this momentum into private development is key to successful implementation of the plan.

Connecting the Rail with Old Town Lewisville The vision of the Old Town TOD is to cohesively engage land-use and development around the Denton County Transportation Authority’s Old Town Lewisville Station. This station is the largest of the commuter rail stops in Lewisville, while creating an environment where residents can live, work, and play without sole reliance on a vehicle. Design considerations account for a phased approach that will enable development and redevelopment to occur in a way that buffers and screens incompatible uses.

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. I-35E CORRIDOR DEVELOPMENT PLAN About the I-35E Corridor in Lewisville Interstate 35E is a distinct 8 mile corridor through the City of Lewisville which is bounded by Lewisville Lake to the north and Highway 121 to the south. The Texas Department of Transportation is expanding the highway, providing Lewisville with a unique opportunity for redevelopment. In partnership with Parsons Bricknerhoff, an international planning and engineering firm, Lewisville is taking this unique opportunity to identify the potential of the corridor, including market analysis, and partner with the private sector to maximize the development potentials for properties along the corridor. The critical success factors for this plan include: • Creation of a corridor vision and policy that will guide development decisions along the corridor. • Identification and prioritization of market based redevelopment opportunities along the corridor. • Identification of opportunities to improve identity along the corridor, including signage, gateways and landmarks. • Design of community character improvements that enhance aesthetic appearance, address sustainability. • Achievement of public support to enable elected officials to endorse the plan.

Partnering with the Private Sector Stakeholders throughout Lewisville are vested in seeing the Corridor through to successful redevelopment. Selected properties throughout the corridor are highlighted as potential publicprivate partnership projects. Please contact our office with any questions about particular properties throughout this corridor.

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. DEVELOPMENT SITES

• • • • •

30 Acres at I-35E and SH 121 Business

7 Acres Adjacent to Commuter Rail Stop

Quick Facts

Quick Facts

21 Acres Appraised at $12,468,658 Currently Zoned General Business & Local Commercial Redevelopment Plan: Mixed-Use Current Use: Shopping Center

• • • • •

7+/- Acres Appraised at roughly $830,000 Currently Zoned Old Town Mixed Use & Light Industrial Redevelopment Plan: Mixed-Use Current Use: Undeveloped Land, Industrial & Residential

Planned Uses • • • •

Mixed Residential Office Restaurant/Retail Entertainment

Planned Uses • • •

Unique Attributes • • • •

Site at NWC of two heavily trafficked thoroughfares Dense residential and commercial populations Redevelopment Incentives Available Flexible Development Standards

Mixed Residential Office Retail/Restaurant

Unique Attributes • • • • • •

Immediately adjacent to A-train Commuter Rail Low to High Density Residential Opportunities Existing TIF District In Place Brownfields Program in Place Redevelopment Incentives Available Flexible Development Standards

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. DEVELOPMENT SITES 30 Acres on Sam Rayburn Tollway

100+ Acres on Interstate 35E

Quick Facts

Quick Facts • • • • •

30 Acres Appraised at roughly $9,000,000 Currently Zoned Light Industrial Redevelopment Plan: Mixed-Use Current Use: Undeveloped Land

• • • • •

Planned Uses

Planned Uses • • •

Mixed Residential Office Retail/Restaurant

• • • •

Unique Attributes • • • • • •

Large Tollway Frontage Waterway Amenities Close Proximity to Vista Ridge Mall & Interstate 35E Adjacent to Lewisville Convention Center Redevelopment Incentives Available Flexible Development Standards

126 Acres Appraised at $6,400,000 Currently Zoned Light Industrial & Medical District Redevelopment Plan: Mixed-Use Current Use: Undeveloped Land

Mixed-Use Retail/Office Hotel Mixed Residential Entertainment

Unique Attributes • • • •

Site at SWC of 2 Heavily Trafficked Thoroughfares Dense Residential and Commercial Populations Incentives Available Flexible Development Standards

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. DEVELOPMENT SITES

• • • •

17 Acres at I-35E & Sam Rayburn Tollway

4+ Acres in Downtown Lewisville

Quick Facts

Quick Facts

17 Acres Adjacent to 14 Acre City Owned Tract Appraised at roughly $4,200,000 Currently Zoned Light Industrial

• • •

Planned Uses • • • •

Mixed-Use Office Retail Mixed Residential

Planned Uses • • • •

Unique Attributes • • • • • •

Northeast Corner of Two Heavily Trafficked Thoroughfares Catchment Area Reaching Over Multiple Cities Highway and Commuter Rail (DCTA’s A-Train) Adjacent to Major Employers Development Incentives Available Flexible Development Standards

4+ Combinable Acres Potential to Combine 3 Acres of City Owned Propertiy Currently Zoned General Business

Mixed-Use Office Retail Arts Related Development

Unique Attributes • • • • •

Northeast Corner of Two Heavily Trafficked Thoroughfares Urban Infill Near Highway and Commuter Rail Adjacent to Major Employers Development Incentives Available Flexible Development Standards

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville. DEVELOPMENT SITES

• •

12+/- Acres Near Commuter Rail

TOD Typologies

Quick Facts

Incentives

12+ Acres of Land Currently Zoned Light Industrial

Planned Uses • • •

These sites are proposed in conjunction with the City’s strategic planning efforts. We have examined the development scenarios for each of the selected properties. To ensure that each site builds to it’s highest potential, the City can help by providing incentives for projects on these properties.

Mixed-Use Multifamily High and Medium Density Residential

Unique Attributes • • • • • •

Willing Seller Topography and Green Space Urban Infill Near Commuter Rail Adjacent to Major Employers Development Incentives Available Flexible Development Standards

CONTACT: Elizabeth Trosper, V: 972.219.3417, E: etrosper@cityoflewisville.com OR VISIT: www.ecodevlewisville.com


Lewisville, TX Community Profile