Agenda - City of Dallas

Exhibit A - Cedars TIF District
FY 2011 Annual Report
to the chief executive officer of each taxing jurisdiction that levies taxes on real
property in the District, and to the Attorney General of Texas, and the State
Comptroller, as required by state law.
On June 8, 2011, City Council approved resolution 11-1542 authorizing a public
hearing to be held on June 22, 2011 to receive comments to consider an
amendment to the Tax Increment Financing Reinvestment Zone Number Four
(Cedars TIF District) Project Plan and Reinvestment Zone Financing Plan
(Project Plan) to: extend the term of the TIF District for a 10 year period from
December 31, 2012 through December 31, 2022; decrease the City of Dallas’
participation after tax year 2012 from 100% to 90%; direct the City Manager to
negotiate an increase in Dallas County’s participation rate after tax year 2012
from 65% to 75% and to execute an amendment to the Interlocal Agreement
between the City of Dallas and Dallas County to reflect such increase; amend the
Cedars TIF Infrastructure Improvements - Street
Construction/Streetscape/Water/Wastewater/Drainage Improvements/ East-West
Corridor Construction budget line item to include Public Open Spaces and
Economic Development Grants; and make corresponding modifications to the
Cedars Project Plan to reflect these amendments.
On June 22, 2011, City Council approved resolution 11-1707 authorizing
Supplemental Agreement No. 1 to the professional services contract with Urban
Engineers Group, Inc. to provide alley improvements between McKee Street and
Beaumont Street from Browder Street to McKee Street - Not to exceed $45,329,
from $187,033 to $32,362 - Financing: Cedars TIF District Funds ($31,759) and
Water Utilities Capital Improvement Funds ($13,570).
On June 22, 2011, City Council approved resolution 11-1789/Ordinance No.
28275 authorizing a public hearing to receive comments regarding an
amendment to the City of Dallas Thoroughfare Plan to change the dimensional
classification of Lamar Street from IH-30 to Corinth Street from a six-lane divided
roadway M-6-D(A) within 100 feet of right-of-way to a special five-lane undivided
roadway (SPCL-5-U) within 80 feet of right-of-way and 60 feet of pavement; and,
at the close of the hearing, authorize an ordinance implementing the change.
On June 22, 2011, City Council approved resolution 11-1793 authorizing a public
hearing to receive comments to consider an amendment to the Tax Increment
Financing Reinvestment Zone Number Four (Cedars TIF District) Project Plan
and Reinvestment Zone Financing Plan (Project Plan) to: extend the term of the
TIF District for a 10 year period from December 31, 2012 through December 31,
2022; decrease the City of Dallas’ participation after tax year 2012 from 100% to
90%; direct the City Manager to negotiate an increase in Dallas County’s
participation rate after tax year 2012 from 65% to 75% and to execute an
amendment to the Inter-local Agreement between the City of Dallas and Dallas
County to reflect such increase; amend the Cedars TIF Infrastructure
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