News & Events

Addison's financial policies require the publication of a financial report 60 days after the end of each fiscal quarter. The financial and investment reports CFO Steven Glickman presented to the Council at its November 12 meeting covered the financial performance for the fourth quarter of Fiscal Year 2024 (July 1 - September 30, 2024). Some key highlights included:

• General Fund revenue totaled $51.4 million, which is 105.9 percent of the fiscal year budget.
• General Fund expenditures totaled $47.4 million, which is 97.2 percent of the fiscal year budget.
• Sales tax collections totaled $17.3 million, which is 109.7 percent of the fiscal year budget.
• The Hotel Fund had revenue of $7.0 million, an increase of $467 thousand from this time a year ago. Hotel Fund expenditures totaled $6.7 million. 
• Performing Arts expenditures are at 100 percent due to the full payment of the WaterTower Theatre grant.
• Special Events revenues totaled 122.1 percent and expenses totaled 108.3 percent of the fiscal year budget. 
• Airport Fund operating revenue totaled $7.9 million or 108.9 percent and operating expenditures totaled $5.5 million or 90.2 percent of the fiscal year budget.
• Utility Fund operating revenue totaled $16.8 million or 103.1 percent and expenditures totaled $15.8 million or 96.1 percent of the fiscal year budget.
• Stormwater Fund revenue and expenditures are in line with historical averages.

The Fourth Quarter Investment Report adheres to the Town's Investment Policy as adopted by the Council and is in keeping with all State laws. You can watch the Council's quarterly update discussion here, review the presentation here, and read the Financial Report here.

The City Council approved a $247,500 contract with Gliden Industries to serve as the Construction Manager at Risk for the Addison Conference Centre Remodel Project at its November 12 meeting. This project will reconfigure the facility to accommodate additional office space, supporting the Town’s Strategic Objective to explore opportunities for expanding and consolidating Town facilities.

The remodel project, with a budget of $2 million allocated in the FY25 Budget, is expected to last nine months from the start date. Gliden will oversee pre-construction planning and manage construction, ensuring that the project stays on schedule and within budget.

At its November 12 meeting, the Addison City Council adopted an ordinance to implement a rental and lodging registration and inspection program to enhance the health and safety of all rental properties and hotel/motel establishments throughout Addison. This program includes single-family, townhomes, duplexes, condominiums, apartments, and hotels/motels, and is scheduled to take effect on January 1, 2025.

The program is designed to:

• Maintain a high-quality housing stock within the Town.
• Ensure the health and safety of Addison residents and visitors.
• Foster proactive collaboration with property owners to achieve voluntary compliance.
• Address substandard conditions.
• Build strong relationships with the rental community, property managers, and owners.

The ordinance establishes registration requirements and inspection procedures. All rental property owners, including those of single-family homes and multi-family units, as well as hotel/motel operators, must register their properties annually by March 1, with registration expiring on December 31 each year. Registration fees are outlined in the Master Fee Schedule: $115 annually for single-family rentals, $25 per unit for multi-family, and $40 per unit for hotels/motels. Additional re-inspection fees may apply.

Exterior and interior inspections will be required for all rental properties, although properties built within the past five years are exempt from routine interior inspections unless complaints or violations arise. A minimum 14-day notice will be provided for interior inspections, which can be proactive or complaint-driven.

Violations may incur fines up to $2,000 per offense, per day. This program aligns with Council priorities to ensure safe and well-maintained properties, provide resources for education and outreach, and engage with property managers for ongoing improvements in rental standards.

At its recent meeting, the Addison City Council approved a resolution authorizing an Interlocal Cooperation Agreement (ILA) with Metrocrest Hospital Authority and the cities of Farmers Branch, Coppell, and Carrollton for the purchase of property to construct a new North Texas Emergency Communications Center (NTECC) facility. The NTECC, which provides vital public safety communications services, is approaching the end of its 15-year lease, prompting the need for a long-term solution to meet future operational needs.

The ILA marks a significant step toward building a dedicated facility for NTECC, which has been operating in leased space since its inception in 2014. An analysis conducted by NTECC’s Executive Director revealed that constructing a new facility would save an estimated $24.8 million over 30 years compared to continuing the lease. After considering these findings, the NTECC Board of Directors, comprised of the city managers from Addison, Farmers Branch, Coppell, and Carrollton, voted in favor of building a new center.

The selected site for the new NTECC facility is an undeveloped parcel of land owned by the Metrocrest Hospital Authority, located near Medical Parkway and Hebron Parkway. The total cost of the land, including closing fees, is $3.2 million. Addison's share which is based on the Town's average percentage of calls for service, is 16.807% or $537,824. To fund this project and the future construction costs, the Addison City Council has approved the issuance of $3.4 million in Certificates of Obligation.

All four of the cities have approved the ILA so the next step is for the NTECC Board to approve the final construction cost by April 2025. Construction is expected to begin in October 2025, and the new facility will start providing public safety communications services by October 2028.

Thank you to everyone who attended the October 29 Town Meeting at the Conference Centre! We had a great turnout, with many community members joining us for updates on the Town’s Strategic Key Focus Areas.

Ahead of the meeting, attendees had the chance to connect with Town departments, who were available to answer questions and share information on their ongoing projects and initiatives. Representatives from several local nonprofits, including Metrocrest Services and Metrocare, were also present, offering insights into their valuable community work.

During the meeting, the Council provided comprehensive updates on our strategic focus areas, highlighting current projects and future plans designed to enhance our vibrant, active, and connected community. We appreciate everyone’s engagement and look forward to continued progress on these priorities together.

If you missed the event, you can find the video here.

Construction has officially started on the Les Lacs Pond Improvements Project, which brings temporary roadway and trail closures on Beltway Drive. A new, clearly marked traffic pattern is now in place, with two-way traffic shifted to the westbound lanes on the north side of Beltway Drive. The eastbound lanes from Les Lacs Ave to Proton Dr are closed for the duration of the project, and this area is designated as an active construction zone. Heavy machinery and construction vehicles will have full access to the closed lanes, and the adjacent sidewalk is also closed with no exceptions.

For added safety, an opaque fence will enclose the pond and extend into Beltway Drive, marking the entire construction site. The public will not have access throughout the project, and ensuring the safety of our community and their pets is a top priority. If you see anyone entering the construction area, please report it to the Police Department’s Non-Emergency line at 469-289-3270.

Following the pond-related work, the project will enter its second phase to restore landscaping and irrigation. Our Park Planning and Development team, along with Town administrative staff, are committed to making this project a source of pride for our residents and visitors.

Here are some ways you can stay informed about this project:

• Visit the project website at addisontx.gov/leslacs
• Register for email updates
• Subscribe to text updates by texting LESLACS to 888-777
• Follow the Town of Addison Facebook page

We appreciate your patience and cooperation during this time.