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Agenda - City of Dallas

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Exhibit A<br />

Downtown Connection TIF District<br />

FY 2011 Annual Report<br />

Project<br />

Mercantile<br />

Mercantile<br />

Downtown <strong>Dallas</strong> Development Authority<br />

Status <strong>of</strong> DDDA Bond Sales and Repayment<br />

Bond Sales<br />

Principal +<br />

Interest Total Paid Balance Due<br />

Series 2006<br />

$50,605,343 $139,671,210 $3,325,000 $136,346,210<br />

Series 2007<br />

$28,950,514 $67,301,055 $4,346,379¹ $60,024,895²<br />

Totals $206,972,265 $7,671,379 $199,300,886<br />

¹The amount shown is and will be comprised <strong>of</strong> interest only payments until 2012.<br />

²The amount shown is less $2,929,781 in debt service payments.<br />

M/WBE Participation<br />

Public bidding is no longer required for TIF assisted projects. However, privately bid<br />

projects are monitored to ensure they abide by the <strong>City</strong>’s Good Faith Effort Policy and<br />

the TIF District Fair Share Agreement. Reporting is not required until project or<br />

benchmark completion.<br />

Project<br />

Downtown Connection TIF M/WBE Participation<br />

Contractor<br />

Total<br />

Contract<br />

Amount<br />

Contract<br />

Award<br />

Amount<br />

Percentage<br />

Minority<br />

Participation<br />

Mercantile Various $107,012,554 $26,707,787 24.96%<br />

Stoneleigh Hotel Various $25,106,706 $4,998,000 19.91%<br />

<strong>Dallas</strong> Arts District<br />

Garage<br />

Various $852,764 $439,839 51.58%<br />

23

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