Agenda - City of Dallas

Exhibit A - Davis Garden TIF District
FY 2011 Annual Report
Project Location Units/Square Feet 2 Status
Year
Complete
Approximate
Investment /
Assessed
Value 3
TIF
Investment 4
The Canyon in
Oak Cliff
196 acres of undeveloped
property located southwest of
Interstate Highway 30 and
North Westmoreland Road
2,881 residential units
(529 for-sale units /
2,352 rental units);
516,000 square of retail
space;
1,245,200 square feet of
office/medical space; and
A 310 key full-service
hotel
The project’s
Infrastructure
Improvements
are scheduled to
begin December
2011.
Ongoing
$472,000,000
(approximate
investment)
$128,875,756
in total funding
($69,808,000
in future TIF
revenues plus
an additional
grant up to
$59,067,756
pursuant to
the Davis
Garden TIF
District Grant
Program)
North Oak Cliff
Streetcar
Extension
Not Applicable
(benefits provided through the
extension of the North Oak
Cliff Streetcar system to the
Davis Garden TIF District)
Not applicable TBD TBD
Not
applicable
$3,000,000
pursuant to
the Davis
Garden TIF
District
Grant
Program
1 All information updated as of September 30, 2011.
2 Based upon either the TIF application or required minimum stated in the development agreement. May be updated for completed projects
based on actual unit mix and square footage.
3 Based upon 1) market value of comparable projects for anticipated projects, 2) private investment stated in the development agreement for
projects that are approved or under construction, or 3) DCAD market value for completed projects (unless project has not yet been assessed).
Values may not be fully captured by the TIF district for redevelopment projects once pre-existing value and/or the demolition of structures is
netted out.
4 TBD indicates that development agreement has not yet been adopted and TIF investment is yet to be determined.
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