Agenda - City of Dallas

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Sports Arena TIF District Exhibit A - FY 2011 Annual Report Value and Increment Revenue Summary The base value of the zone is the total appraised value of all taxable real property in the district as determined by the Dallas Central Appraisal District in the certified roll for 1998. The district’s assessed 1998 tax value was $16,423,773. The total appraised value of all taxable property for 2011 was approximately $405,477,911 (City capture; taxable value for other jurisdictions may vary) which represents an increase of $389,054,138 (2,368.8 percent) from 1998 despite a 10.3% decrease ($46.6 million) from the 2010 to 2011 value. With the participation of the City and Dallas ISD, this increase from 1998 will result in the collection of approximately $5,610,836 total in incremental revenue for the Sports Arena TIF District in June 2012. Objectives, Programs, and Success Indicators On August 25, 1999, City Council approved the Sports Arena TIF District Project Plan and Reinvestment Zone Financing Plan, previously approved by the Sports Arena TIF District Board of Directors. One goal set forth in the Plan is to generate tax increments to reimburse costs of roadway improvements and certain other public improvements in the District that are beneficial for the development and redevelopment of the TIF District. The Sports Arena TIF District is expected to stimulate development and redevelopment that would not otherwise occur solely through private investment in a timely manner. The following goals set the framework for the planned public improvements within the Sports Arena TIF district. Specific actions addressing these objectives follow in italics: • Develop 500,000 square feet of entertainment/retail space. American Airlines Center, completed in 2001, consists of 840,000 square feet of arena space, meeting rooms, gathering space, and restaurants. In addition, each of the buildings in the district includes retail space, for a total of 210,500 square feet of retail. (210 percent of goal.) • Develop 600 residential units. 771 condominiums and apartments have been completed in the W Dallas Victory Hotel and Residences, the Terrace, the Vista, Cirque, and the House by Starck and Yoo. (128 percent of goal.) • Develop a hotel. 9
Sports Arena TIF District Exhibit A - FY 2011 Annual Report The W Dallas Victory Hotel and Residences, completed in June 2006, added 251 hotel rooms to the district. (Met goal.) • Develop 1,050,000 square feet of office space. The Victory Plaza Buildings and One Victory Park, both complete, added 585,000 square feet of office space to the district. (56 percent of goal.) Year-End Summary of Meetings During the fiscal year from October 1, 2010 to September 30, 2011, the Sports Arena TIF District Board of Directors met once, on December 1, 2010. The Board approved and forwarded one item to City Council. The Board can consist of up to ten members, including five City of Dallas appointees, two Dallas Independent School District appointees, one Dallas County appointee, one Dallas Community College District appointee, and one Dallas County Hospital District appointee. During FY 2011 the Board members were (FY 2011 Board meetings attended): Eliza Solender – City Representative (1 of 1 meeting), Orlando Alameda – DISD Representative (1 of 1 meeting), Kitty Boyle, Dallas County Community College District (1 of 1 meeting), Hector Flores, DISD Representative (1 of 1 meeting), Rick Loessberg – Dallas County Representative (0 of 1 meeting), and Sue Pickens – Dallas County Hospital District Representative (0 of 1 meeting). During the fiscal year, the City Council approved three (3) items associated with the Sports Arena TIF District: • On January 12, 2011, City Council approved Resolution No. 11-0160, authorizing the optional redemption of the Sports Arena Project Taxable Special Tax Revenue Bonds, Series 1998B on February 15, 2011 in an amount not to exceed $8,455,000 in principal. • On February 23, 2011 City Council approved Resolution No. 11-0526, accepting the FY 2010 Annual Report on the status of Tax Increment Financing Reinvestment Zone Number Seven, (Sports Arena TIF District), submitted by the Sports Arena TIF District's Board of Directors, and authorizing the City Manager to submit the 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 22, 2011, City Council approved Resolution No. 11-1806, authorizing the optional redemption of the Sports Arena Project Taxable 10
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FEBRUARY 22, 2012 CITY COUNCIL AGEN
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AGENDA CITY COUNCIL MEETING WEDNESD
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February 22, 2012 2 CONSENT AGENDA
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February 22, 2012 12 PUBLIC HEARING
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February 22, 2012 14 Tax Foreclosur
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AGENDA DATE February 22, 2012 ITEM
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BACKGROUND (Continued) As part of t
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BUSINESS INCLUSION AND DEVELOPMENT
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KEY FOCUS AREA: A Cleaner, Healthie
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ETHNIC COMPOSITION (Continued) JBa
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COUNCIL CHAMBER BE IT RESOLVED BY T
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BACKGROUND (Continued) This service
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BID INFORMATION The following bids
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COUNCIL CHAMBER BE IT RESOLVED BY T
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BACKGROUND (Continued) As part of t
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KEY FOCUS AREA: AGENDA ITEMS # 7,8
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BACKGROUND (Continued) The successf
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KEY FOCUS AREA: AGENDA ITEM # 9 Mak
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KEY FOCUS AREA: Economic Vibrancy A
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COUNCIL CHAMBER February 22, 2012 W
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Cityplace Area TIF District FY 2011
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Cityplace Area TIF District City of
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Oak Cliff Gateway TIF District FY 2
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Exhibit A - Cedars TIF District FY
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Exhibit A City Center TIF District
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Exhibit A Vickery Meadow TIF Distri
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PRIOR ACTION/REVIEW (COUNCIL, BOARD
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Exhibit - A Southwestern Medical TI
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Exhibit A Southwestern Medical TIF
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Exhibit A Downtown Connection TIF D
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Deep Ellum TIF District FY 2011 Ann
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Grand Park South TIF District FY 20
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Exhibit A Skillman Corridor TIF Dis
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Exhibit A - Skillman Corridor TIF D
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Exhibit A Fort Worth Avenue TIF Dis
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Exhibit A - Fort Worth Avenue TIF D
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Exhibit A - Davis Garden TIF Distri
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Exhibit A TOD TIF District FY 2011
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Exhibit A - TOD TIF District FY 201
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Exhibit - A Maple/Mockingbird TIF D
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Exhibit A Maple/Mockingbird TIF Dis
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Exhibit A Cypress Waters TIF Distri
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Exhibit A - Cypress Waters TIF Dist
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BACKGROUND (Continued) The City wil
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FISCAL INFORMATION 2005-06 Communit
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COUNCIL CHAMBER February 22, 2012 S
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Exhibit A City of Dallas Affordable
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BACKGROUND (continued) Per the Code
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KEY FOCUS AREA: AGENDA ITEM # 34 Ma
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KEY FOCUS AREA: AGENDA ITEM # 35 Be
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OWNER Denali Construction Services,
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Swiss Avenue Median Council Distric
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BACKGROUND (Continued) The selectio
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PRIOR ACTION/REVIEW (Council, Board
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Rogers-O'Brien Construction January
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KEY FOCUS AREA: AGENDA ITEM # 37 Ec
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TOTAL M/WBE PARTICIPATION This Acti
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KEY FOCUS AREA: AGENDA ITEM # 41 Pu
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MAPSC045H
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ETHNIC COMPOSITION HKS, Inc. Hispan
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TOTAL M/WBE PARTICIPATION This Acti
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[ Irving Boulevard at Sylvan Avenue
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[Mapsco 46P1
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SECTION 3. That the City Secretary
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MAPSC033B aMI 1:::::-
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ORDINANCE NO. __________________ An
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MAPS Attached. Agenda Date 02/22/20
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... .,/ '.: \ 1:7,200 Planned Devel
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~'... 1:15,000 Planned Development
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G-8 1:7,200 DATE: Apr1/25, 2011 Z10
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BACKGROUND (continued) The City Cou
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BACKGROUND (continued) The City Cou
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PRIOR ACTION (continued) On January
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eN 1:1,800 Ordina nee 24581
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® 1:6,000 VICINITY MAP W078·007 1
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1:1,800 Ordinance 27395
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® 1:4,800 VICINITY MAP Map no: Cas
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PRIOR ACTION/REVIEW (COUNCIL BOARDS
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BACKGROUND (Continued) Dallas Water
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s copyrightCl2006 MAPSCO.lnc. ~.Mi_
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COUNCIL CHAMBER February 22, 2012 A
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DRAINAGE EASEMENT J.W. Grandstaff A
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BACKGROUND (Continued) The current
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EXHIBIT A CERTIFICATE OF FORMATION
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Exhibit A The Corporation will have
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Exhibit A IN WITNESS WHEREOF, this
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EXHIBIT B BYLAWS OF CITY OF DALLAS
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Exhibit B Section 2.5. Special Meet
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Exhibit B ARTICLE IV PROVISION REGA
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BACKGROUND (Continued) The project
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NCTCOG Funded Infrastructure Improv
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BACKGROUND (Continued) Although the
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Z112-123(MW) BACKGROUND INFORMATION
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Z112-123(MW) LAND USE ELEMENT Goal
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Z112-123(MW) Sustainable Constructi
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Z112-123(MW) Partners/Principals/Of
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Z112-123(MW) Z112-123 CPC Recommend
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Z112-123(MW) 12
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Z112-123(MW) 14
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Z112-133(RB) BACKGROUND INFORMATION
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Z112-133(RB) CPC ACTION (January 19
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Z112-133(RB) RECOMMENDED CONDITIONS
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Z112-133(RB) 12. GENERAL REQUIREMEN
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Z112-133(RB) 12
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Z112-133(RB) CPC RESPONSES 14
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Z112-133(RB) Vote Label Address Own
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HONORABLE MAYOR & CITY COUNCIL WEDN
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Z112-135(CH) Land Use: Site Zoning
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Z112-135(CH) Landscaping: Landscapi
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Z112-135(CH) CPC Action: January 19
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Z112-135(CH) PROPOSED SITE PLAN 9
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Z112-135(CH) Single-family & Office
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Z112-135(CH) 1/24/2012 Notification
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Z112-137(WE) BACKGROUND INFORMATION
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Z112-137(WE) The number of required
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Z112-137(WE) BOARD OF TRUSTEES RISD
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Z112-137(WE) (c) Except as provided
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Z112-137(WE) SEC. 51P-572.109. FENC
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Z112-137(WE) (8) circulation; (3) W
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Z112-137(WE) Aikin Elementary Schoo
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Z112-137(WE) existing fence from th
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Z112-137(WE) - ~ Aikin Elementary S
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Z112-137(WE) 1:3,600 ZONING AND LAN
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Z112-137(WE) Notification List ofPr
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Z112-137 (WE) Vote Label Address Ow
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Z112-137 (WE) Vote Label Address Ow
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HONORABLE MAYOR AND CITY COUNCIL WE
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Z112-118(WE) Land Use: Zoning Land
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Z112-118(WE) CPC Action (January 5,
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Z112-118(WE) Library Undeveloped Ge
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Z112-118(WE) CPC RESPONSES 9
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Z101-342(WE) BACKGROUND INFORMATION
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Z101-342(WE) will be designated sol
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Z101-342(WE) Conflict: 1 - M. Davis
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Z101-342(WE) Juan Gamez, 5307 Parry
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Z101-342(WE) BOARD OF TRUSTEES DISD
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Z101-342(WE) SEC. 51P- .105. DEVELO
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Z101-342(WE) (1) landscaping must b
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Z101-342(WE) traffic circulation; e
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Z101-342(WE) PROPOSED LANDSCAPE PLA
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Z101-342(WE) 1. Calculate the site
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Z101-342(WE) Staff Assistance To op
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Z101-342(WE) CPC RESPONSES 26
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Z101-342(WE) Vote Label Address Own
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Z101-196(RB) Road, the applicant pr
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Z101-196(RB) Vacancy: 1 - District
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Z101-196(RB) Absent: 3 - R. Davis,
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Z101-196(RB) DEED RESTRICTIONS THE
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Z101-335(RB) Policy 1.2.1 Use Visio
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Z101-335(RB) Second: Lavallaisaa Re
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Z101-335(RB) Notices: Area: 500 Mai
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Z101-335(RB) CPC RECOMMENDED CONDIT
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Z101-335(RB) SEC. 51P-XXX.108. YARD
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Z101-335(RB) the current traffic ma
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Z101-335(RB) (C) Detached videoboar
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Z101-335(RB) 17 Proposed Tract 1 De
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Z101-335(RB) Existing Conditions SU
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