Agenda - City of Dallas

Exhibit A
Downtown Connection TIF District
FY 2011 Annual Report
• On October 13, 2010, City Council approved Resolution No. 10-2581, authorizing
(1) a contract with McCarthy Building Companies, Inc., best value proposer of
four, in the amount of $13,340,169 for a new park to be constructed on top of a
structural deck, including parkscape and landscape, restaurant and cafe,
performance pavilion, promenade, plazas, connecting walkways, dog park, solar
lighting, electrical, mechanical, plumbing and security systems at Woodall
Rodgers Park from St. Paul Street to Pearl Street; (2) the receipt and deposit of
funds from the Woodall Rodgers Park Foundation in the amount of $9,090,169;
and (3) an increase in appropriations in the amount of $1,586,250, from
$7,503,919 to $9,090,169 in the Woodall Rodgers Development Fund - Not to
exceed $13,340,169 - Financing: 2006 Bond Funds ($4,250,000) and Woodall
Rodgers Development Funds ($9,090,169).
• On October 26, 2010, City Council approved Resolution No. 10-2785, authorizing
an increase in the contract with USA Environment, L.P. for unforeseen
underground conditions unearthed during excavation at Belo Garden Park
located at 1014 Main Street - Not to exceed $314,116, from $1,749,166 to
$2,063,282 - Financing: Capital Gifts, Donation and Development Funds.
• On October 26, 2010, City Council approved Resolution No. 10-2767, authorizing
(1) a development agreement with Ricchi Dallas Investments, LLC to dedicate
future TIF revenues for eligible project costs related to environmental remediation
and demolition and an Economic Development TIF Grant to provide funding for
the redevelopment of 1600 Pacific Avenue located in Tax Increment Financing
Reinvestment Zone Eleven (Downtown Connection TIF District); and (2) the
Downtown Connection TIF District Board of Directors to dedicate an amount not
to exceed $12,870,200 ($8,830,000 plus interest in an amount not to exceed
$4,040,200) from future Downtown Connection TIF District revenues in the form
of a TIF Economic Development grant in accordance with the development
agreement - Not to exceed $12,870,200 - Financing: Downtown Connection TIF
District Funds.
• On October 13, 2010, City Council approved Resolution No. 10-2768, authorizing
A resolution declaring the intent of Tax Increment Financing District
Reinvestment Zone Number Eleven (Downtown Connection TIF District) to
reimburse Ricchi Dallas Investments, LLC up to $12,870,200 for TIF-eligible
project costs pursuant to the development agreement with Ricchi Dallas
Investments, LLC - Financing: No cost consideration to the City.
• On November 10, 2010, City Council approved Resolution No. 10-2833,
authorizing an ordinance granting a private license to DLD Properties, Ltd. for the
use of a total of approximately 85 square feet of aerial space to install and
maintain two projecting, attached video board signs over portions of Main and
Elm Streets near their intersection with Four Way Place - Revenue: $2,000
annually plus the $20 ordinance publication fee.
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