Agenda - City of Dallas

Exhibit A
Downtown Connection TIF District
FY 2011 Annual Report
Value and Increment Revenue Summary
The base value of the zone is the total appraised value of all taxable real property in the
District as determined by the Dallas Central Appraisal District in the certified roll for
2005 with adjustments made to accommodate boundary amendments. The Downtown
Connection TIF District's adjusted base value for the district is $564,917,317. The
Downtown Connection TIF District’s 2011 assessed tax value was $1,556,764,047.
This represents an increase of $991,846,730 (176.14%) over the adjusted base year
value.
The district’s value increased by $17,716,147 (1.15%) from the previous year. This
increase will result in an estimated collection of approximately $8,440,665 in
incremental revenue for the Downtown Connection TIF District.
Development Goals and Objectives
The final Downtown Connection Project Plan and Reinvestment Zone Financing Plan
were adopted in late 2005. The following objectives and actions items set the
framework for the planned improvements within the Downtown Connection TIF District:
• Improve access between and within the Uptown and Downtown areas
Construction continues on the Woodall Rodgers Deck Park with completion
expected in 2013. Construction of pedestrian linkages connecting the DART light
rail transit mall with the Main Street Retail District, public open spaces, City Hall
and the Convention Center are underway. In July of 2010, the McKinney Avenue
Transit Authority received a $4.9 million grant from the Federal Transit
Administration and matching grant of $5 million from the North Central Texas
Council of Government to complete the M-Line loop that branches off of
McKinney Avenue at Olive Street. The line will improve connectivity between
Uptown, Downtown, Woodall Rodgers Deck Park, the Arts District and DART
downtown transit mall.
Additionally, the creation of a circulator system for the area, as recommended by
the Downtown Dallas 360 Area Plan, will be explored in the coming fiscal year.
Funding sources and optimal route(s) must be identified for the recommended
circulator system.
• Improve the image of the Downtown Connection Area
With the installation of several high-tech digital sign boards within the Main Street
core, continued redevelopment of vacant building, and programming of the
various downtown parks activity downtown has increased dramatically. Major
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