Agenda - City of Dallas

Exhibit A - Design District TIF District
FY 2010-2011 Annual Report
Trinity Lofts & Live/Work showrooms
• To increase recreational opportunities, public open space and improve
connections to the City of Dallas trails and open space system, including the
Trinity Strand Trail, in the District.
The Master Plan for the Trinity Strand Trail has been adopted and initial
funding of $8.6 million for design and trail development has been secured.
Two trailheads are now completed at Turtle Creek Plaza along Turtle Creek
Boulevard between Market Center and Irving Boulevards and at the western
end of Hi Line Drive (by the river channel). Construction of Phase I of the trail
from Stemmons Freeway to Medical District Drive is anticipated to begin in
2012. A civic plaza at Oak Lawn Avenue and Hi Line Drive has also been
completed as part of the “1525 Turtle Creek at the District’ project.
• To generate approximately $34.8 million (net present value) in increment over 20
years of collections.
The District’s 2011 total taxable value of $274,678,552 is slightly below the
original projection of $276,900,806. Current projections show total collections
completed by 2027.
Year-End Summary of Meetings
The Design District TIF District Board of Directors met once during the fiscal year from
October 1, 2010 to September 30, 2011. The Board approved and forwarded one item
to City Council.
The Board can consist of up to ten members, including six City of Dallas appointees,
two Dallas Independent School District appointees, one Dallas County appointee, one
Dallas County Hospital District appointee and Dallas County Community College District
has waived their right to an appointment. During FY 2011 the Board members were (FY
2011 Board meetings attended): Mike Morgan – City Representative (1 of 1 meetings),
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