Agenda - City of Dallas

Exhibit A
Vickery Meadow TIF District
FY 2010-2011 Annual Report
and (2) establishment of appropriations for the grant - Not to exceed $2,225,000 -
Financing: U.S. Department of Housing and Urban Development Office of
Sustainable Housing and Communities Grant Funds.
• On February 24, 2011, City Council approved Resolution No. 11-0528 approving
FY 2010 Annual Report on the status of Tax Increment Financing Reinvestment
Zone Number Nine, (Vickery Meadow TIF District), submitted by the Vickery
Meadow 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 February 24, 2011, City Council denied authorization of a resolution in
support of the Texas Department of Housing and Community Affair’s (TDHCA)
9% low-income housing tax credit (LIHTC) allocation for Brook Village
Apartments located at 6852 Shady Brook Lane for the acquisition and
rehabilitation of the proposed 213-unit multifamily residential development for low
income families.
• On June 23, 2011, City Council approved Resolution No. 11-1720 authorizing
moving expense and rental assistance payments for five eligible residents in the
Acacia Village Apartments as a result of an official written offer of just
compensation to purchase real property near the intersection of Park Lane and
Ridgecrest Road to be used in conjunction with the Vickery Meadow Branch
Library Project.
Pending TIF Items
• Consideration of the FY 2011 Vickery Meadow TIF District Annual Report by the
Vickery Meadow TIF District Board of Directors and a recommendation to the
Dallas City Council for approval, as recommended by the TIF board.
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