Agenda - City of Dallas

Exhibit A
Downtown Connection TIF District
FY 2011 Annual Report
$23,852,953 for TIF eligible project costs pursuant to the development
agreement with TIF Hotel, Inc.
• On August 10, 2011, City Council approved Resolution No. 11-2028, authorizing
Supplemental Agreement No. 6 to the development agreement among the City of
Dallas, the Downtown Dallas Development Authority (the DDDA), and FC Merc
Complex, L.P. (“FC Merc”), a Texas limited partnership, FC Continental
Complex, L.P. (“FCC”), a Texas limited partnership, FC Continental Landlord,
LLC, a Texas limited liability company (“FC Continental”) and FC Continental
Manager, LLC, a Texas limited liability company and managing member of FC
Continental (collectively called Forest City) to extend the substantial completion
date for the Continental Building improvement project from December 31, 2011
to December 31, 2012, with the extension of the date for an additional six months
subject to approval by the Director of Economic Development, Downtown
Connection TIF District.
• On August 24, 2011, City Council approved Resolution No. 11-2229, authorizing
a Chapter 380 economic development grant agreement pursuant to Chapter 380
of the Texas Local Government Code in accordance with the City's Public/Private
Partnership Program with Priority Fulfillment Service, Inc., a wholly owned
subsidiary of PFSweb, Inc., related to the relocation of its prime customer contact
center to 1201 Elm Street, Dallas, Texas 75202 - Not to exceed $300,000.
• On August 24, 2011, City Council approved Resolution No. 11-2230, authorizing
an application to the Office of the Governor Economic Development and Tourism
through the Economic Development Bank nominating Priority Fulfillment Service,
Inc., a wholly-owned subsidiary of PFSweb, Inc., located at 1201 Elm Street,
Dallas, Texas 75202 to receive designation as an Enterprise Project under the
Texas Enterprise Zone Act, as amended (Government Code, Chapter 2303).
• On September 14, 2011, City Council approved Ordinance No. 28349 and
Resolution No. 11-2413, authorizing an ordinance granting a private license to
FC Continental Landlord, LLC for the use of approximately 56 square feet of land
to maintain and use a building encroachment on a portion of Prather Street rightof-way,
near the intersection with Commerce and Jackson Streets - Revenue:
$1,000 annually plus the $20 ordinance publication fee.
• On September 28, 2011, City Council approved Resolution No. 11-2570,
authorizing (1) a development agreement with 1401 Elm Street Holdings, LLC, to
dedicate future TIF revenues for eligible project costs related to environmental
remediation and demolition, façade restoration, street and utility improvements
and an Economic Development TIF Grant to provide funding for the
redevelopment of 1401 Elm Street 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 $30,000,000 from future Downtown Connection TIF District revenues,
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