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At the January 13 City Council meeting, City Council approved two bond-related actions that support essential public safety needs while strengthening the Town’s long-term financial position.

Council approved financing to support the replacement of critical Fire Department equipment, including a new fire apparatus to replace Quint 102 and an Airport Rescue Fire Fighting (ARFF) vehicle at Addison Airport. These purchases were previously identified through the FY 2026 Capital Improvement Planning process and are included in the adopted budget, with the ARFF portion funded through the Airport Fund.

Council also approved the refinancing of existing Town debt to take advantage of favorable market conditions. This refunding of prior General Obligation bonds and Certification of Obligation will generate $1.64 million in interest savings over the remaining life of the debt.

Both actions reflect careful financial planning and were supported by the Town’s continued strong credit ratings from Standard & Poor’s and Moody’s.

You can watch the bond discussion here and read the presentation here.

At the January 13 City Council meeting, City Council approved an amendment to the FY 2026 Town budget. This was the first budget amendment for the fiscal year, which runs through September 30, 2026.

The amendment reflects Council direction given at the January 6 Work Session to discontinue the Taste Addison event for 2026. As a result, the budgeted expenses and revenues associated with the event were removed from the Hotel Fund.

The amendment reduced Hotel Fund expenditures by $1,090,400 and reduced projected revenues by $625,000. This change increased the Hotel Fund’s projected ending balance by $465,400. No other funds were impacted by the amendment.

You can watch the budget amendment discussion here and read the presentation here.

At the January 13 City Council Meeting, City Council approved an update to the AMLI Treehouse mixed-use development located at the southwest corner of Midway Road and Beltway Drive. The amendment allows for adjustments to the site plan to accommodate the construction of two standalone retail buildings within the existing development.

The approved update does not change the overall vision or residential components of the project. The retail portion includes approximately 12,600 square feet of neighborhood-serving retail and restaurant space with outdoor patio areas. The amendment also allows for additional retail uses such as personal services and animal grooming for domestic pets, consistent with similar mixed-use developments and limited to the retail buildings only. The development will also dedicate public parkland and include pedestrian amenities, trail connections, landscaping, and public art.

The proposal was reviewed by the Addison Planning and Zoning Commission in December 2025 and recommended for approval. Town staff confirmed that the update complies with Town development regulations and aligns with the existing Planned Development. The amendment has no fiscal impact.

You can watch the AMLI discussion here and read the presentation here.