Grow a diverse and innovative economy with increased commerce and employment opportunities
Business Plan Goal #3 Create an economic development plan for Hampton Road, Belt Line Road at Cockrell Hill, and general citywide commercial nodes.
City Work Plan
1. Develop a transition plan to go from Type A to Type B Economic Development Corporation | City Manager ’ s Office | Start FY 2021 Q1 | Complete FY 2021 Q2 2. Develop a land - use plan and market study for Belt Line Road and general citywide commercial nodes | Development Services | Start FY 2021 Q2 | Complete FY 2021 Q4 3. Create an economic development policy for Hampton Road to include a strategy for marketing City - owned land and an incentive policy to
encourage targeted economic development in the area| City Manager ’ s Office | Start FY 2021 Q3 | Complete FY 2022 Q1
4. Develop a city - wide economic development policy to include an incentive policy that encourages retail and restaurant development for
Belt Line Road and general City - wide commercial nodes | City Manager ’ s Office |Start FY 2022 Q1 | Complete FY 2022 Q3
Business Plan Goal #4 Improve affordable housing options and ownership
City Work Plan 1. Create a first - time homeowner assistance program to increase home- ownership opportunities for DeSoto residents | City Manager ’ s Office | Start FY 2021 Q1 | Complete FY 2021 Q2 2. Consider expansion of the Over - 65 Homestead Exemption to improve seniors ’ ability to maintain homeownership in DeSoto | Finance | Start FY 2021 Q1 | Complete FY 2021 Q2
opportunities for DeSoto residents.
Business Plan Goal #5
City Work Plan
1. Complete Phase II of City ’ s impact fee study currently underway | Development Services | Complete FY 2021 Q4 2. Organize a steering committee to include staff and elected officials to discuss impact fee policy decisions | Development Services | Start FY 2021 Q2 | Complete FY 2021 Q2 3. Consider policy decisions and obtain City Council approval of an impact fee ordinance | Development Services | Start FY 2022 Q1 | Complete FY 2022 Q2 4. Implement the collection of impact fees consistent with the Council approved policy | Development Services | Start FY 2023 Q2 | Complete FY 2023 Q2
Develop an Impact Fee Policy that has developers paying to expand identified infrastructure on new development.
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