Agenda - City of Dallas

Exhibit A - Fort Worth Avenue TIF District
FY 2011 Annual Report
Appendix: Financials
City of Dallas, Texas
Fort Worth Avenue Tax Increment Financing District Fund
Reinvestment Zone Number Fifteen
As of September 30, 2011
Chapter 311.016 of V.C.T.A. requires the follow ing information
as part of the annual report on the status of the TIF District.
Information is contained in detail on the attached
financial statements.
1. Amount and source of revenue in the tax increment fund established for the zone:
$230 Interest Income
$105,929 Ad Valorem Taxes (Collected in FY'2010-11 based on 2010 Certified Tax Roll)
$106,160 Total Revenue
2. Amount and purpose of expenditures from the fund:
$717 Administrative Expense
$0 Non-Capital outlay
$717 Total Expenditures
3. The Zone began reimbursing the general fund for the TIF administrative costs in fiscal year 2009-10.
4. a. Amount of Principal and Interest due on outstanding indebtedness:
Fort Worth TIF District has incurred no bonded indebtedness as of September 30, 2011.
b. The Zone entered into a development agreement w ith J&K Investments, LLC for Metro Paw s Animal Hospital
in the TIF in an amount not to exceed $116,000 w ith anticipated completion by May 30, 2012 and reimbursement
to begin thereafter upon availability of TIF funds.
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