Agenda - City of Dallas

Exhibit A - Cedars TIF District
FY 2011 Annual Report
Year-End Summary of Meetings
TIF boards can consist of up to ten members including six City of Dallas appointees,
two DISD appointees, one Dallas County appointee, one DCCCD appointee, and one
from DCHD.
The Cedars TIF Board, which met twice during the fiscal year, consisted of the following
members:
Kenneth D. Martin, Vice Chair and City appointee (attended both meetings)
Chase Evans, City appointee (attended both meetings)
Jack Wierzenski, City appointee (attended both meetings)
Orlando Alameda, DISD appointee (attended both meetings)
Hector Flores, DISD appointee (attended 1 of 2 meetings)
Rick Loessberg, Dallas County appointee (attended both meetings)
Robb Dean, DCCCD appointee (attended 1 of 2 meetings)
Sue Pickens, DCHD (attended 0 of 1 meetings)
During the fiscal year, the City Council approved ten (10) items associated with the
Cedars TIF District:
On November 10, 2010, City Council approved resolution 10-2817 authorizing a
New Markets Tax Credit (NMTC) transaction, between the Dallas Development
(DDF) Fund and its subsidiaries, US Bank, N.A. (US Bank) and its subsidiaries,
and Matthews Southwest and its partners (Developer) for the restoration and
development of historic property located at 1325 South Lamar Street into a
boutique hotel (Project). (Adjacent to the Cedars TIF District)
On November 10, 2010, City Council approved resolution 10-2845 authorizing a
historic preservation tax exemption for the Dallas Coffin Company Building
located at 1325 South Lamar Street for a ten-year period on 100% of the land
and structure value. (Adjacent to the Cedars TIF District)
On February 23, 2011, City Council approved resolution 11-0523 accepting the
FY 2010 Annual Report on the status of Tax Increment Financing Reinvestment
Zone Number Four, (Cedars TIF District), submitted by the Cedars TIF District's
Board of Directors, and authorizing the City Manager to submit the annual report
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