Agenda - City of Dallas

Sports Arena TIF District
Exhibit A - FY 2011 Annual Report
Special Tax Revenue Bonds, Series 1998B, on August 15, 2011 - Not to
exceed $10,450,000 - Financing: Sports Arena Project Surplus Debt
Redemption Funds ($9,400,603) and Sports Arena Debt Service Reserve
Funds ($1,049,397).
Pending TIF Items
• Consideration of the FY 2011 Sports Arena TIF District Annual Report and a
recommendation to the Dallas City Council for approval.
Budget and Spending Status
Category
Sports Arena TIF District
Projected Increment Revenues
to Retire TIF Fund Obligations
Total
Budget*
Total Spent
and
Committed
(Principal)
Total Spent
and
Committed
(Interest)
Total Spent
and
Committed
(P&I)**
Total
Remaining
Orange Roadways I $39,036,661 $20,988,088 $18,048,573 $39,036,661 $0
Woodall Rodgers
Plaza $3,716,887 $2,000,000 $1,716,887 $3,716,887 $0
Orange Roadways II $3,716,887 $0 $0 $0 $3,716,887
TIF Administration*** $510,000 $510,000 $0 $510,000 $0
Total $46,986,435 $23,498,088 $19,765,460 $43,269,548 $3,716,887
* Revenues shown above in current dollars, over the life of the TIF; budget below shows net present value.
** Includes interest accrued as of the end of FY 2010 and additional interest expected to accrue prior to final payment.
***The TIF administration fee was corrected from $515,000 to $510,000 to match the approved Project Plan and
Financing Plan.
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