Agenda - City of Dallas

Exhibit A
Southwestern Medical TIF District
FY 2011 Annual Report
4. Amount of Principal and Interest due-on outstanding indebtedness is as follows:
Balance Due (Since Inception)
Payments/Adjustments To Date
Accrued Accrued * Net Bal.
Project Principal Interest Total Due Principal Interest Total Due
Cityville @ SWM-Public Imps. $1,440,000 $382,250 $1,822,250 $1,440,000 $382,250 $1,822,250 $0
Totals $1,440,000 $382,250 $1,822,250 $1,440,000 $382,250 $1,822,250 $0
* At the request of the developer, the development agreement was terminated and the developer is no longer eligible to receive the TIF
reimbursement for principal and accrued interest. Total amount of $1,822,250, including principle and accrued interest thru June 30, 2011,
was recognized as developer contribution by the Zone.
5. Tax increment base and current captured appraised value retained by the zone:
Taxable Base Year Est. Captured
Taxing Jurisdiction Value 2011** 2005 Value Value 2011***
City of Dallas $109,792,101 $67,411,054 $42,381,047
Dallas County $109,792,101 $67,411,054 $42,381,047
Dallas Independent School District $0 $0 $0
Dallas County Hospital District $0 $0 $0
Dallas County Community College Dist. $0 $0 $0
**2011 taxable value shown for participating taxing jurisdictions. County values are approximate and
will vary slightly from the City value due to different exemption levels.
***Based on DCAD certified Taxable Value. The final values will be determined on February 01, 2012.
6. Captured appraised value by the municipality and other taxing units, the total amount of the tax
increment received, and any additional information necessary to demonstrate compliance with the
tax increment financing plan adopted by the governing body of the municipality:
A. Estimated tax increment shared by the municipality and other participating taxing jurisdictions:
Amount of
Assessment Estimated 2011
Taxing Jurisdiction Per $100*** Increment
City of Dallas 0.63760 $270,222
Dallas County 0.13371 $56,666
Dallas Independent School District 0.00000 $0
Dallas County Hospital District 0.00000 $0
Dallas County Community College District 0.00000 $0
Total for all Jurisdictions $0.77131 $326,887
***Participation rates for City of Dallas and Dallas County are 80% and 55% respectively for tax years 2008 - 2026.
B. The total amount of tax increment billed for the 2011 is $326,887. For the 2010 tax year, the Zone
collected $449,201 in increment.
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