Agenda - City of Dallas

Exhibit A - Cedars TIF District
FY 2011 Annual Report
Appendix: Financials
City of Dallas, Texas
Cedars Tax Increment Financing District
Reinvestment Zone Number Five
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:
$14,334 Interest Income
$772,836 Ad Valorem Taxes (Collected in FY'2010-11 based on 2010 Final Tax Roll)
Total
$787,170
Revenue
2. Amount and purpose of expenditures from the fund:
$72,345 Administrative Expense
$0 Non-Capital outlay
$821,530 Capital outlay *
$0 Interest and fiscal charges
Total
$893,875 Expenditures
* Capital outlay during FY'2010-11 consisted of the following:
Belleview Condos (The Beat) reimbursement $798,257
McKee Street Public Imp. $23,273
Total $821,530
3. a. Amount of Principal and Interest due-on outstanding indebtedness is as follows:
Balance Due (Since
Inception)
Accrued
Project Principal Interest
Payments
To Date
Accrued
Total
Due Principal Interest
Total
Paid
Net
Bal.
Due
Buzz Condominiums $144,643 $3,472 $148,115 $144,643 $3,472 $148,115 $0
Totals $144,643 $3,472 $148,115 $144,643 $3,472 $148,115 $0
b. The Zone has entered into an agreement with CMAQ for the sustainable development on Lamar street under a grant
of $66,521 with anticipated completion in 2012.
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