Last month, independent bond rating service Fitch provided an AAA bond rating to Flower Mound’s General Obligation bonds. Fitch cited the Town’s sound tax base growth, strong financial management,and a stable, growing local economy as the main reasons for the rating.
In addition, low unemployment rates, rising property values, consistent financial performance and several large development growth opportunities were contributing factors in determining this AAA rating for Flower Mound. Furthermore, Standard & Poor’s, also an independent bond rating service, reaffirmed its AAA rating of Flower Mound’s General Obligation bonds.
We are very proud of both these ratings, the highest possible, and know the Town did not achieve these high ratings overnight, but rather, through conservative fiscal policies and improvements over the past several years.
We also received some exciting news regarding the Lakeside DFW development. Realty Capital announced 11 new owner-operated businesses that will open their doors in the mixed-use development during the first half of 2015. Joining the upcoming Moviehouse & Eatery will be:
*Cavaro Prime Brazilian Steakhouse
*Paradise Bistro and Coffee Co.
*Taverna del Lago
*Bottle & Bottega
*Elite Pups Luxury Dog Daycare & Spa
*Majestic Nail Spa
*The Lodge Barbershop
*Amber Michelle Salon
*Engel & Volkers – Real Estate Agents
*State Farm Insurance – Tammy Edwards Agency
For more information about these businesses, please visit the news section of the Flower Mound website at www.flower-mound.com. Just a reminder, the Town posts information about new businesses each month at www.flower-mound.com/newbusinesses.
In case you haven’t heard, the Town was recently named the “Best City or Suburb for Raising Children” by NorthTexasChild magazine for the fourth consecutive year. Citing the Town’s award-winning parks, excellent schools and safe neighborhoods, the award reaffirms the Town’s commitment to being a premiere community for families. Flower Mound is featured in the publication’s December “Best for Families” issue.
Continuing our focus on families, please take a moment to drop off a new, unwrapped toy for our annual Santa Cops program. Donations and gifts for the program will be accepted through Dec. 12 and distributed prior to Christmas to deserving children who might not otherwise receive a gift from Santa.
All toys and donations are used to benefit families and their children in Flower Mound. This is an invaluable program that provides so much joy. While all gifts are appreciated, please keep in mind volunteers often have the most trouble gathering gifts for older children and babies. Therefore, children’s toys for ages 3 and younger as well as gift cards to local stores and restaurants (where teenagers like to go have a meal with their friends) are especially needed. The Town has more than 25 Santa Cops drop-off locations. Please visit www.flower-mound.com/santacops for more information.
Finally, the Mayor and entire Council hope to see you at the Town’s first nighttime Christmas Parade on Saturday, Dec. 6. Starting at 6 p.m., the parade will travel down Spinks Road, from Shadow Ridge Middle School to Gerault Park, where a tree lighting ceremony will take place. The event will include choir performances, pictures with Santa Claus, carriage rides, snow hill, petting zoo, vendors, kids’ activities and much more. Food trucks will also be on site. There are several other activities for you and your family to make memories in this season. For a complete lineup of holiday events, please visit www.flower-mound.com/holiday.
Have a safe and happy holiday season.