Community Development Corporation

About the Corporation

The Lake Dallas Community Development Corporation (CDC) was created in January 2003 to foster improvements in the commercial area of the city and to enhance the quality of life in the City as a tool for attracting new businesses and residents. The CDC Board of Directors is a 7-member board appointed by the City Council. The revenue that the CDC uses to pay for the projects it undertakes comes from a ½ cent add-on to the sales tax. This tax provides approximately $350,000 annually for the CDC to use on its projects.

BIG Grant

The City of Lake Dallas Community Development Corporation (CDC) has implemented a Business Improvement Grant (BIG) Program that provides technical and financial assistance to property owners seeking to renovate or restore their exterior signage, lighting or commercial building façades. The BIG Program’s objectives are to improve the physical appearance of businesses and enhance the city’s commercial corridors.

The BIG Program offers a 1:1 (50%) matching grant of up to $10,000 for the funding of well-designed improvements. Improvements may include the restoration of architectural details, better windows and doors, and well proportioned signage and lighting. City staff will be available to provide assistance to applicants through the conceptual stage at no cost to the applicants.

Projects in the city’s Main Street/Downtown Overlay district may be eligible for 2:1 (66%) matching grant of up to $10,000.

Please see the links below for the guidelines and applications. For all questions, please contact the Community Development Coordinator.

BIG Guidelines

BIG Application

Agendas & Minutes

Agendas are available prior to the meetings. Minutes are available following approval.

View Most Recent Agendas and Minutes

Economic Development Website

The Lake Dallas Community Development Corporation has developed an economic development website that provides community demographics and psychographics, primary and secondary trade area demographics and psychographics, daytime workforce population, a retail market profile, and the retail demand outlook. Lake Dallas commercial real estate available for development and re-development (sale or lease) are also listed. All information is provided via statistical reports and an interactive mapping system.

Members

Members	Place	Term Expiration
Megan Ray	Place 1	Oct. 2024
Terry Tuck	Place 2	Oct. 2023
Steve Dennis	Place 3	Oct. 2024
Francesco Murga	Place 4	Oct. 2023
Evan Huff	Place 5	Oct. 2024
Mike Mayberry	Place 6	Oct. 2023
Rudy Vrba	Place 7	Oct. 2024

Overview

The Community Development Corporation (CDC) was created in January 2003 to foster improvements in the commercial area of the city and to enhance the quality of life in the city as a tool for attracting new businesses and residents.

Possible Projects
The CDC has a number of projects which it can participate in, as noted below from the Bylaws of the Corporation and the Articles of Incorporation:

Acquire or lease property
Plan, develop, improve, and sell or lease land
Build or rehabilitate buildings for sale or lease
Sell or lease property
Make loans and/or loan guarantees
Borrow funds and issue bonds with City Council approval
Sue or be sued in the Corporation's name
Develop long range goals and programs
Appoint standing or ad hoc committees
Employ personnel and/or contract for support services with professional consultants and contractors
Market and promote the City
Provide funding for developments or to enhance infrastructure

Past Projects
The CDC has been very busy since its inception. Some of the projects that the CDC has funded include:

Provided funding along with the Economic Development Corporation (EDC) for the "Main & Market" project at 209 Main Street
Shared the cost of a Land and Thoroughfare Planning Study with the EDC
Funded a Parks, Recreation and Open Space Master Plan that has led to 3 park improvement projects
Funded the improvements to River Oaks Park completed March 2006
Borrowed $900,000 and applied for and received grant funds and contributions for major improvements to City Park and Willow Grove Park
Paid 50% of the cost of an economic development consultant and paid for administrative support from the City
Initiated the Christmas lighting on Main Street buildings by purchasing and installing lights on downtown buildings
Provided financial support to the Keep Lake Dallas Beautiful Committee as well as Parks and Recreation special events
Funded a directory of city businesses for placement in local businesses