Agenda - City of Dallas

Exhibit A
Vickery Meadow TIF District
FY 2010-2011 Annual Report
Budget and Spending Status
When created, each TIF district establishes in its Project Plan and Reinvestment Zone
Financing Plan a budget for public improvement expenditures necessary to support
private investment in the district. The Vickery Meadow TIF District was established April
2005. The TIF’s public improvement budget is approximately $51 million in total dollars
($32.2 million NPV). The current budget for the district is below:
Vickery Meadow TIF District
Projected Increment Revenues to Retire TIF Fund Obligations
Category TIF Budget 1 Allocated 2 Balance
"Park Lane" Project:
- Environmental remediation,
interior/exterior demolition, street/utility
improvements & relocation, streetscape
improvements, land acquisition,
$31,818,558 $31,818,558* $0
enhanced pedestrian area design &
acquisition, engineering & design, non
project costs
Five-Points Area Improvements:
- Environmental remediation,
interior/exterior demolition, street/utility
improvements & relocation, streetscape
improvements, land acquisition,
park/plaza design & acquisition, DART
related improvements, engineering &
design, non project costs
$15,909,279 $0 $15,909,279
Administration and Implementation $3,492,246 $203,923³ $3,288,323
Total Project Costs $51,220,083 $32,022,481 $19,197,602
1 Budget shown above in total dollars; TIF Project Plan shows the budget in net present value.
2 Allocated amount includes any interest accrued as of FY 2011 (September 30, 2011). Additional interest of
approximately $8.5 million is expected to accrue prior to final payment and categories impacted are shown with an *.
³ Administration and Implementation amount shown is through FY 2011 and includes $50,000 for district
audits through 2012 and $2,500 for consultant fees.
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