Agenda - City of Dallas

Deep Ellum TIF District FY 2011
Annual Report
The assessed property value from the base year to 2011 increased by
approximately 31.3% despite decrease of 1.6% since 2010. This is an
increase of approximately $35.6 million. Based upon current estimates
and established 2011 values, the district will generate over $27.2 million
(in 2006 dollars) by FY 2027 before the TIF expires in 2028.
• To diversify retail and commercial uses in the district.
The staff and the Board saw the Phases I, II, & III of the Olympia Arts
completed, which along with the Ambrose development, added over
33,000 square feet of retail, service, and commercial space. The staff and
the Board will continue to work to expand retail and commercial uses to
meet the existing and growing needs of the residential population and the
increased traffic as a result of the expansion of the DART Light Rail
system into the area.
Year-End Summary of Meetings
The Deep Ellum TIF District Board of met four times during the fiscal year from October
1, 2010 to September 30, 2011. The Board approved and forwarded two items to City
Council for approval. An additional six (6) items related to properties in the TIF District
were also considered by Council during the year. The most significant of these actions
related to the design of street reconfiguration and streetscape improvements on Elm
Street and a property sale related to the City Lights project.
The Board can consist of up to ten members, including five City of Dallas appointees,
two Dallas Independent School District appointees, one Dallas County appointee, one
Dallas Community College District appointee (note: during FY 2008, DCCCD waived the
appointment of a representative, thus the City can appoint an additional representative if
desired), and one Dallas County Hospital District appointee. The Board members are
(FY 2011 Board meetings attended): Laura “Zane” Aveton – City Representative (2 of 4
meetings), Brian Barton – City Representative (3 of 4 meetings), Chase Evans – City
Representative (3 of 4 meetings), Herbert Goodman – City Representative (2 of 4
meetings), John Miller – City Representative (4 of 4 meetings), Rick Loessberg – Dallas
County Representative (3 of 4 meetings), Orlando Alameda – DISD Representative (4
of 4 meetings), and Hector Flores – DISD Representative (1 of 4 meetings). There is a
vacant position on the Board as of September 30, 2011.
During the fiscal year the City Council approved eight (8) items associated with the
Deep Ellum TIF District. Three (3) items were related to applications for Specific Use
Permits (SUPs) in a City Council effort to improve the area for more suitable and
compatible commercial uses and the Deep Ellum TIF District Annual Report for 2010.
• On February 23, 2010 the City Council, by Resolution 11-0531, authorized a
resolution accepting the FY 2010 Annual Report on the status of Tax Increment
Financing Reinvestment Zone Number Twelve, (Deep Ellum TIF District),
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