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Agenda - City of Dallas

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Exhibit A - Davis Garden TIF District<br />

FY 2011 Annual Report<br />

Project Location Units/Square Feet 2 Status<br />

Year<br />

Complete<br />

Approximate<br />

Investment /<br />

Assessed<br />

Value 3<br />

TIF<br />

Investment 4<br />

Kessler<br />

Theater<br />

Renovation<br />

project<br />

(environmental<br />

remediation<br />

and demolition,<br />

historical<br />

façade, and<br />

infrastructure<br />

improvements)<br />

1214 West Davis and 1215<br />

West 7 th Streets<br />

6,300 square feet <strong>of</strong><br />

<strong>of</strong>fice and retail space;<br />

and<br />

5,100 square foot<br />

entertainment venue<br />

The project’s<br />

environmental<br />

remediation and<br />

demolition<br />

activities are<br />

complete. The<br />

historical façade<br />

and infrastructure<br />

improvements<br />

are under way.<br />

January<br />

2012<br />

$1,358,293<br />

(approximate<br />

investment)<br />

$199,643<br />

[$136,343 if<br />

the project is<br />

approved for a<br />

sustainable<br />

development<br />

grant<br />

application by<br />

the North<br />

Central Texas<br />

Council <strong>of</strong><br />

Governments<br />

(“NCTCOG”)]<br />

Taylor Farms<br />

multi-family<br />

housing<br />

development<br />

(environmental<br />

remediation,<br />

infrastructure<br />

and public<br />

right-<strong>of</strong>-way<br />

improvements)<br />

32 Pinnacle Park Boulevard<br />

160 units<br />

(All units will be<br />

affordable housing)<br />

The project’s<br />

environmental<br />

remediation,<br />

infrastructure and<br />

public right-<strong>of</strong>way<br />

improvements<br />

began November<br />

2010.<br />

April 2012<br />

$21,691,600<br />

(approximate<br />

investment)<br />

$2,071,197<br />

I-30 Frontage<br />

Road design<br />

project<br />

(engineering<br />

and design for<br />

Phase 1 <strong>of</strong> a<br />

new eastbound<br />

frontage road)<br />

South side <strong>of</strong> I-30 between<br />

Cockrell Hill Road and<br />

Westmoreland Road<br />

N/A<br />

The project’s<br />

engineering and<br />

design<br />

components are<br />

underway.<br />

August<br />

2011<br />

$436,919<br />

approximate<br />

investment)<br />

$436,919<br />

Hillside West<br />

senior housing<br />

development<br />

(environmental<br />

remediation<br />

and<br />

infrastructure<br />

improvements)<br />

4512 West Davis Street<br />

130 units<br />

(All units will be<br />

affordable housing)<br />

The project’s<br />

environmental<br />

remediation and<br />

infrastructure<br />

improvements<br />

are scheduled to<br />

begin May 2011.<br />

July 2012<br />

$16,635,808<br />

(approximate<br />

investment)<br />

$1,600,000<br />

I-30 Frontage<br />

Road<br />

construction<br />

project<br />

South side <strong>of</strong> I-30 between<br />

Cockrell Hill Road and<br />

Westmoreland Road<br />

N/A<br />

The project’s<br />

construction is<br />

scheduled to<br />

begin July 2011.<br />

July 2015<br />

$10,573,794<br />

(approximate<br />

investment)<br />

$3,806,503<br />

10

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