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Agenda - City of Dallas

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Exhibit A - Fort Worth Avenue TIF District<br />

FY 2011 Annual Report<br />

Construction at the new Comerica Bank,<br />

at 2605 Fort Worth Avenue, was<br />

completed in 2010. Total current taxable<br />

value: $1,473,910.<br />

Just northwest <strong>of</strong> the Belmont, the Villas at<br />

the Belmont range from $350,000 to<br />

$800,000 in price. Seven <strong>of</strong> the 34<br />

Mediterranean style villas are currently<br />

planned or under construction, with 4<br />

homes complete. Total estimated value<br />

when complete: $20 million.<br />

Photo: <strong>City</strong> <strong>of</strong> <strong>Dallas</strong><br />

Metro Paws Animal Hospital is a 4,700<br />

square foot veterinary clinic planned to<br />

start construction in the fall <strong>of</strong> 2011<br />

directly west <strong>of</strong> the Belmont on Fort<br />

Worth Avenue. Council approved<br />

$116,000 in TIF funding on June 22,<br />

2011. Total estimated construction cost:<br />

$1.3 million.<br />

The Collective is a mixed-use development<br />

planned on the site <strong>of</strong> the former Colorado<br />

Place Apartments at the northwest and<br />

southwest corners <strong>of</strong> Colorado Boulevard<br />

and Fort Worth Avenue. When complete, it<br />

will have 326 apartments and 75,000<br />

square feet <strong>of</strong> commercial and retail space.<br />

Total estimated construction cost: $45<br />

million.<br />

6

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