2023 Las Colinas Association Annual Report

WELCOME //

LETTER FROM THE PRESIDENT

In 2023, Las Colinas embarked on a remarkable journey to commemorate its 50th Anniversary, a testament to our enduring legacy and the visionary foresight of our founder, Ben Carpenter. This landmark year was not only a celebration of our rich history but also an opportunity to showcase the vibrant community Las Colinas has become. Through a series of engaging experiences and activations, history was brought to life, allowing both long-standing residents and new members of our community to connect with the foundational stories that have shaped Las Colinas.

Our year-long anniversary celebration kicked off with a grand reunion at The Ritz-Carlton Dallas, Las Colinas in March, gathering leaders and esteemed alumni to reminisce and celebrate the significant milestones of Las Colinas. This event set the tone for the year, unveiling our ambitious plans to honor the past while looking towards the future. The Las Colinas Mobile Trailer Experience, dubbed “history on wheels,” traveled throughout the community, providing a mobile testament to our journey. Meanwhile, the Mandalay Mile offered a self-guided historical walking tour, enriching our understanding of Las Colinas’ evolution with interactive learning opportunities.

The architectural heritage of Las Colinas, a defining characteristic of our community, was highlighted through four engaging events this past year. The return of the Carpenter Cup golf tournament paid homage to the unmatched past time Las Colinas was built from. The inaugural Las Colinas Home and Architecture Tours, allowed exclusive access to some of our most coveted gated communities and renowned architectural marvels. The anniversary year culminated with the spectacular GLOW Canalside Celebration, an event that transformed the heart of the Urban Center into a dazzling display of light, music, and art, drawing the community together for an unforgettable shared experience.

Amidst these celebrations, Las Colinas continued to grow and welcome new developments. The groundbreaking of Wells Fargo’s future regional campus and the unveiling of CHRISTUS Health’s new corporate headquarters are prime examples of our ongoing evolution. These projects, along with the announcements of new residential communities, reimagined resort and entertainment destinations and continued infrastructure investments reflect the dynamic growth and enduring appeal of our community.

As we reflect on the past year, it’s clear that our 50th Anniversary was more than just a celebration; it was a reaffirmation of Las Colinas’ legacy and a preview of the exciting future that lies ahead. Together, we have honored our history, celebrated our achievements, and laid the groundwork for continued growth and prosperity.

J. Hammond Perot President & CEO

1 50th Anniversary Kick-off

2 Las Colinas Mobile Trailer Experience

3 Mandalay Mile Self-Guided Tour

4 Carpenter Cup Golf Tournament

5 Art display from the Las Colinas Architecture Tour

6 House on the Las Colinas Home Tour

7 GLOW Canalside Celebration

8 Wells Fargo Ground Breaking Ceremony

9 New CHRISTUS Health Headquarters

LAS COLINAS ASSOCIATION //

WHO WE ARE

In 1973, Ben Carpenter unveiled an innovative master plan for transforming his family’s 6,000-acre Hackberry Creek Ranch into an unparalleled urban oasis. This groundbreaking vision included custom homes, golf courses, picturesque lakes, canals, office buildings, and overhead trams. Over the next 15 years, this once serene prairie landscape evolved into the vibrant, multi-faceted community known as Las Colinas.

Fifty years later, Las Colinas has not only realized but exceeded Ben Carpenter’s original dream, distinguishing itself as a premier destination for living, working, and leisure. Throughout this transformative journey, the Las Colinas Association (LCA) has been instrumental in guiding the community’s development, committed to preserving its exceptional standard of living.

Through the support of its members, the LCA offers unparalleled services that are the cornerstone of Las Colinas’ enduring appeal. From the diligent upkeep of communal spaces like parks and waterways to the enforcement of deed restrictions and the provision of round-the-clock security patrols, these efforts have proven key to sustaining the vibrancy and allure of Las Colinas.

WHAT WE DO

The Las Colinas Association is dedicated to providing a high level of service to its members, which are comprised of both residential and commercial property owners. Some of the key services include:

• Provide enhanced coverage with security patrol by automobile, foot, and bike throughout Las Colinas

• Alarm monitoring for LCA members

• Uphold architectural standards to maintain the unique quality of Las Colinas

• Oversee more than 100 miles of medians and common areas through LCA’s litter control program

• Offer community advocacy, member resources and engaging activations

• Landscape and maintenance of 190 acres of parks and greenbelts

• Holiday light installation of over half a million lights in and around the Urban Center

BOARD OF DIRECTORS //

The Las Colinas Association is governed by non-compensated, volunteer board members, with equal representation for residential and commercial properties. An executive team, along with leadership and staff, oversee the day-to-day operations of LCA.

EXECUTIVE OFFICE

J. Hammond Perot, President

Jennifer Austin, Managing Director

Carl McKee, Special Assistant to the President

Jan Paradis, Administrator

Jules Kang, Director of Member Relations and Development

GENERAL OFFICE

Diane Sainton, Office Coordinator

Patricia Castillo, Administrator

J. Hammond Perot President & CEO

Carl McKee ACC Chair

Sushil Patel Residential Representative

Carl Klinke Residential Representative

Ken Reese Commercial Representative

Kenneth Gwyn Secretary Residential Representative

Danny Opitz Vice Chairman Member-At-Large

Harry Lake Treasurer Commercial Representative

Barbara McNutt Chairwoman Commercial Representative

LAS COLINAS COMMUNITIES

RESIDENTIAL

APARTMENTS/ CONDOMINIUMS

Single-Family Homes in Las Colinas

7,591 Homes When Fully Developed

20,744

Completed Units in Las Colinas

47

7,905 Residential Neighborhoods

Total Units Under Construction

665 Complex Approved in 2023 1

ARCHITECTURAL CONTROL

Phil Ochsner, Director

Raquel Burns

Shaila Quoreshi

Kelly Reeves

*Other categories include items such as signs, paint changes, landscaping, pools, roofs and arbors.

Total submissions (includes over 20 categories*)

2023

38 AVERAGE NUMBER OF SUBMISSIONS VIEWED AT EACH ACC MEETING IN

Number is approximated and includes both residential and commercial ACC submissions.

49 RESIDENTIAL AND COMMERCIAL ACC MEETINGS IN 2023

ACC meetings are not held during the weeks of Thanksgiving, Christmas, and 4th of July.

SERVICES

Jim Cook, Director

Chris Laudrille, Coordinator

Carrell Anderson

Stephen Craig

Amanda Espinoza

Jerry Hunt

Joseph Johnson

Jessica Ramirez

2,589

COMPLIANCE CASES OPENED: COMMON

COMPLIANCE CASES

RESOLVED:

ESTOPPELS AND RESALES ISSUED:

PROPERTY COMPLIANCE

Jeff Posival, Director

James Kolm

Kara Sloan

Jimmy Dammer

Zach Orr

Raymond Ray

Alejandro Galindo

Jay Myers

Chris Gorzney

2023 2022

2023 2022 2021

2023 2022 2021

INFORMATION TECHNOLOGY

LAS COLINAS MEMBER PORTAL

Launched in time for the 2023 assessment season, the new Las Colinas Member Portal allows property owners to access real-time financial information regarding their LCA account and to make payments.

The portal is the fastest and easiest way to pay your annual assessment, and now accepts ACH payments as well as VISA, MasterCard, Discover and American Express.

GETTING STARTED

To access the portal, please visit members.lascolinas.org

To set up an account, you will need LCA Account Number and 9-digit ZIP Code available

For questions or assistance, please email membermoney@lascolinas.org

A/V UPGRADES

As the world embraces digital meetings, the Las Colinas Association invested in a new audio/visual system for virtual meetings in both its conference rooms. Carpenter Hall and Oxbow are available for any LCA member to use pending approval and availability. To learn more or to book, please contact LCA at (972) 541-2345.

CARPENTER HALL

Capacity of 60 ATTENDEES

Both rooms are equipped with:

OXBOW ROOM

Capacity of 10 ATTENDEES

• Meeting cameras paired with ceiling-mounted microphones and speakers

• Access to plug-in personal laptops for seamless screen display

• Touch screen with easy layout to allow for camera manipulation, speaker muting or zoning

• Zoned microphones in the ceiling to pick up those around the table without interference

• Both handheld and lapel microphones for speakers

STRATEGIC PLANNING

LAS COLINAS ARCHIVE

As part of the 50th Anniversary celebration, the Las Colinas Archive was officially launched online at archive.lascolinas.org in April 2023.

Over 700 historical documents, photographs, videos, and other materials are fully digitized and available on the web site. Las Colinas history enthusiasts can learn more about the story of Ben Carpenter and the early vision for Las Colinas, the original Villages (including University Hills, Fox Glen, Cottonwood Valley and others), the many great international corporations calling Las Colinas home, and much more.

In 2024 and beyond, additional materials will be added including thousands of historic photographs, additional videos, and more.

MANDALAY CANAL DISTRICT

Building on the knowledge gained through the execution of the GLOW Canalside Celebration and the installation of the Mandalay Canal Lights, the Las Colinas Association convened a stakeholder group and other parties to help steer the future of the Mandalay Canal District in the Las Colinas Urban Center. Work will continue into 2024 and beyond, forming a strategy to increase activity on the canal, working with property owners, public agencies, and other stakeholders to increase collaboration around marketing, logistics and access.

MANDALAY CANAL DISTRICT

COMMON PROPERTY //

THOUGHTFULLY PLANNED, PERFECTLY PLANTED

COMMON PROPERTY

Scott Wilson, Director

Darla McDaniel, Manager

Jaime Alvarez, Coordinator

Adolfo Leal

Marcos Soto

The charm of Las Colinas can be found on display throughout common areas or nestled among the Urban Center cityscapes. Manicured landscapes, vibrant, seasonal flowers and a pristine environment have been trademarks of the community for over 50 years.

2023 COMMON PROPERTY PROJECTS

• Rodney Ln. pavement replacement project

• Sidewalk replacement off Rodney Ln.

• Island green Landscape enhancement project completed.

• Paver enhancements completed on MacArthur Blvd. and Royal Ln.

• Storm damaged plant material from 2022 replaced.

• Phase II City of Irving bridge painting on major streets completed.

Martin Lopez

Jose Pineda

• Streetlight painting and straightening completed on several streets South of 114.

• All Park and Guard lights throughout LCA property painted and straightened.

• Landscape enhancements completed on Las Colinas Blvd. and N. O’Connor Rd.

• Enhanced holiday lighting and décor added north of Royal Ln.

• Median/Park enhancements throughout Las Colinas.

LAS COLINAS 50TH ANNIVERSARY

Half a century after Ben Carpenter unveiled his master plan, the Las Colinas Association channeled that vision to create an unforgettable year-long celebration. Five decades of history were brought to life through a series of engaging experiences and activations hosted throughout the community.

50TH ANNIVERSARY KICK OFF

March 30, 2023

To inaugurate the landmark year, a celebratory reunion was held at the Las Colinas, Resort in March 2023. The event brought together Las Colinas leaders and esteemed alumni to revisit Las Colinas’ rich history and milestone moments. The kick-off also debuted the year-long plans for the 50-year celebration.

LAS COLINAS HOME TOUR

May 21-22, 2023

The inaugural Las Colinas Home place showcased six homes across three Las Colinas neighborhoods. Attendees embarked on a self-guided tour of the homes to explore the unique architectural styles ranging from modern to traditional. Proceeds from the event helped to support five local nonprofits chosen by the homeowners.

LAS COLINAS ARCHITECTURE TOUR

September 22, 2023

CARPENTER CUP GOLF TOURNAMENT

May 12, 2023

The “Carpenter Cup”, named after Ben Carpenter, is a golf tournament between the three clubs in Las Colinas–Hackberry Creek Country Club, Las Colinas Country Club and the Sports Club of Las Colinas (formerly Four Seasons). The tournament made its grand return as part of the 50th Anniversary year.

The Las Colinas Architecture tour attracted over 100 attendees in its debut. Breakfast was enjoyed before exploring Las Colinas’ architectural gems–including The Towers at Williams Square and Plaza at Williams Square, Mandalay Canal, and the Toyota Music Factory before concluding with a social hour at the former Exxon Mobil property.

1973

Ben Carpenter unveils the Las Colinas master plan and Las Colinas Association is established

1984

Mustangs of Las Colinas installed at Williams Square

1982

Mandalay Canal opens

MANDALAY MILE WALKING TOUR

2000

City of Irving and DART announce Orange Line routing through Las Colinas

1996

Exxon Corporation headquarters (now 5959 Las Colinas Blvd.) is completed

LAS COLINAS MOBILE TRAILER EXPERIENCE

From neighborhoods and office parks to community gatherings and golf tournaments, the Las Colinas Experience made a total of 25 stops in 2023. The mobile history exhibit guided visitors through 50 years of growth and devlopement with the use of interactive QR codes, iPad modules and a sound dome featuring the voice of Las Colinas founder, Ben Carpenter.

Launched in September 2023 as a self-guided walking tour, the Mandalay Mile featured 10 signs, located along the Mandalay Canal and Lake Carolyn. Participants could scan dedicated QR codes hosted on each sign to discover Las Colinas’ history and access special offers from restaurants at the Toyota Music Factory. The tour was available through the end of 2023.

2017

Debut of Toyota Music Factory and Gables Water Street

2011

Irving Convention Center at Las Colinas opens

2023

Las Colinas celebrates its 50th Anniversary 2021

CHRISTUS and State Bank of Texas headquarters are announced

GLOW CANALSIDE CELEBRATION //

OCTOBER 20-21, 2023

GLOW Canalside Celebration marked the grand finale of Las Colinas’ 50th anniversary, drawing a diverse crowd of over 18,000 residents, employees, business owners and visitors over the course of two days. This immersive event, held along the Mandalay Canal, featured an array of attractions including theater, light, music, art and entertainment.

Highlights included a transformed Mandalay Canal with permanent tree lighting and sound installations, interactive art installations, gondola rides and performances, a variety of musical acts and a stunning end-of-night fireworks production.

COMMUNITY RELATIONS AND MARKETING //

CREATING A COMMUNITY CONNECTION

COMMUNITY RELATIONS

Candace Emerson, Director

Jessica Hubble-Luther

The year-long series of anniversary activations paved the way for an unforgettable celebration to come. Creating opportunities of engagement and education was the focal point of 2023 for the Community Relations and Marketing department. To attract the attention of its membership and those within the community, the CR and Marketing team initiated a robust promotional strategy.

From the Spirit of Las Colinas print newsletter and email communications to social media and network marketing campaigns, multiple channels were utilized to highlight the Las Colinas story and how it’s being celebrated. By revisiting the rich history of Las Colinas throughout its 50th year, the connection between the community and its past was strengthened.

PROMOTIONAL STRATEGY ENHANCEMENTS

• 50 feather flags displayed throughout Las Colinas neighborhoods

• Promotional packages hand-delivered to multi-family communities

• Promotional packages hand-delivered to multi-family communities and commercial properties

• Custom street pole banners displayed at Gables Water Street

• Influencer marketing campaign

• Network media partnerships

CURRENT ASSETS

Cash and cash equivalent

Accounts Receivable, net

Expenses

Total current assets $15,694,205 $502,734 $209,981 $16,406,920

$4,156,417

CAPITAL ASSETS, net $11,335,346

TOTAL ASSETS $31,898,683

CURRENT LIABILITIES

Accounts payable

Total current liabilities $1,092,095 $1,092,095

NET ASSETS WITHOUT DONOR RESTRICTIONS

Investment in physical properties

Board designated for future major repairs and replacements

Board designated for wayfinding signage

General and administrative

Total net assets without donor restrictions $ 11,335,346 $2,979,609 $440,432 $16,005,614 $30,761,001

NET ASSETS WITH DONOR RESTRICTIONS

Total net assets

TOTAL LIABILITIES AND

REVENUES, GAINS, AND

OTHER

SUPPORT

Member receipts, net

Supplementary declaration charges

Plan review fees

Enforcement maintenance

Legal fees

Document processing fees

Late fees

Resale certificates

Supplentary declaration changes

Interest income

Miscellaneous revenue

Total revenues, gains and other support

EXPENSES AND LOSSES

Program Expense

Common property

Community relations

Monitoring and patrol

Architectural control

Property compliance

Special projects

Supporting Services

Office building expenses

General and administrative

Information technology

Strategic Planning

Year ended December 31, 2023

Without Donor With Donor

Restrictions

Donor With Donor

Total program and supporting services expenses Restrictions

Year ended December 31, 2023

STATEMENT OF ACTIVITIES cont’d

CHANGE IN NET ASSETS

NET ASSETS

beginning of year

NET ASSETS

end of year

Without Donor With Donor

Restrictions ($959,862) $31,720,863 $30,761,001

Restrictions –$45,587 $45,587 Total ($959,862) $31,766,450 $30,806,588

FINANCE & ADMINISTRATION

Lynn Strickland, Director

Zulema Alvarez

Velma Martindale

Sandra Helland

Noemi Gomez