Agenda - City of Dallas

Exhibit A - Design District TIF District
FY 2010-2011 Annual Report
Budget and Spending Status
Each TIF District establishes a budget for the public improvement expenditures
necessary to support private investment in the district in the Project Plan and
Reinvestment Zone Financing Plan. The current TIF District budget is shown below:
Design District TIF District
Projected Increment Revenues to Retire TIF Fund Obligations
Category TIF Budget 1 Allocated 2 Balance
Paving & streetscape $19,391,433 $2,339,541* $17,051,892
Wayfinding & District Signage $227,599 $0 $227,599
Water, Wastewater & Storm $7,556,286 $1,395,815* $6,160,471
Open Spaces, Plazas, Portals, Civic $12,745,543 $524,747* $12,220,796
Environmental remediation & Demolition $7,283,167 $240,138 $7,043,029
Utility burial $4,551,980 $0 $4,551,980
Trinity Strand Trail $7,283,167 $0 $7,283,167
Administration and implementation 3 $4,369,900 $135,635 $4,294,920
Total Project Costs $63,409,075 $4,635,876* $58,773,199
1 Budget shown above in current dollars; TIF Project Plan shows the budget in net present value.
2 Allocated amount includes $98,240 in interest accrued as of FY 2011 (September 30, 2011). Additional interest of
approximately $128,537 is expected to accrue prior to final payment and categories impacted are shown with an *.
3 TIF administration costs shown are expended or committed through FY 2011.
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