Agenda - City of Dallas

Cityplace Area TIF District
FY 2011 Annual Report
City of Dallas, Texas
Cityplace Tax Increment Financing District
Reinvestment Zone Number Two
As of September 30, 2011
Chapter 311.016 of V.C.T.A. requires the following information
as part of the annual report on the status of the TIF District.
Information is contained in detail on the attached
financial statements.
1. Amount and source of revenue in the tax increment fund established for the zone:
$87,865 Interest Income
$0 Ad Valorem Taxes (Collected in FY'2010-11 based on 2010 Certified Tax Roll)
$87,865 Total Revenue
2. Amount and purpose of expenditures from the fund:
$67,211 Administrative Expense
$1,747 Non-capital outlay
$6,695,942 Capital outlay *
$0 Principal retirements
$3,090 Interest and fiscal charges
$6,767,989 Total Expenditures
* Capital outlay was for the following projects:
Noble/Oak Grove/Howell Public Improvements $6,695,942
Katy Trail Public Improvements $0
Total Capital Outlay $6,695,942
3. The Zone has repaid all outstanding developer obligations as detailed below:
Balance Due (Since Inception)
Payments To Date
Accrued Accrued Net Bal.
Project Description Principal Interest Total Due Principal Interest Total Paid Due
Target $675,288 $281,566 $956,854 $675,288 $281,566 $956,854 $0
Villas of Cityplace #1 $642,074 $155,669 $797,743 $642,074 $155,669 $797,743 $0
Villas of Cityplace #2 $112,784 $24,994 $137,778 $112,784 $24,994 $137,778 $0
Office Max Project $212,956 $62,603 $275,559 $212,956 $62,603 $275,559 $0
DISD Land Conveyance $892,780 $157,172 $1,049,952 $892,780 $157,172 $1,049,952 $0
North Central Bridges $2,585,909 $287,103 $2,873,012 $2,585,910 $287,103 $2,873,013 $0
Blackburn Avenue $2,875,512 $393,496 $3,269,008 $2,875,512 $393,496 $3,269,008 $0
Freedman's Cemetery $50,000 $5,666 $55,666 $50,000 $5,667 $55,667 $0
DISD Parking Lot $295,500 $47,416 $342,916 $295,500 $47,416 $342,916 $0
DISD Land Acquisition $375,000 $21,412 $396,412 $375,000 $21,412 $396,412 $0
Cityplace West Blvd. $2,049,536 $45,810 $2,095,346 $2,049,536 $45,810 $2,095,346 $0
Cityplace Apartments-Fairfield $960,000 $109,843 $1,069,843 $960,000 $109,843 $1,069,843 $0
Cityplace Station-DART $1,244,418 $102,642 $1,347,060 $1,244,418 $102,642 $1,347,060 $0
Mondrian at Cityplace $1,800,000 $213,412 $2,013,412 $1,800,000 $213,412 $2,013,412 $0
Gables at Cityplace West $450,000 $21,378 $471,378 $450,000 $21,378 $471,378 $0
Gables at West Village $554,999 $16,298 $571,297 $554,999 $16,298 $571,297 $0
Totals $15,776,756 $1,946,480 $17,723,236 $15,776,757 $1,946,479 $17,723,236 $0
4 Amount of Principal and Interest due-on outstanding indebtedness:
A. The Zone has redeemed all its oustanding bond obligations and had no bonded indebtedness at September 30, 2011.
B. The Zone collected its final tax increment in fiscal year 2008-09 for tax year 2008 as it has met its funding obligations in accordance with the TIF Project
Financing Plan. Beginnning with fiscal year 2009-10, all tax increment generated by each participating tax jurisdiction will go into their respective General Fund.
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