Agenda - City of Dallas

Exhibit A - Davis Garden TIF District
FY 2011 Annual Report
is attributed to the appreciation of property within sub-area A. The
property in sub-area A has increased $23,187,712 above its adjusted
base value of $4,051,748. In comparison, the property in sub-area B has
decreased $20,217,440 below its adjusted bas value of $133,782,849.
Attract new private development in the District by replacing approximately 2,100
residential units with new residential units that will establish a more sustainable
mix of for-sale and rental units; add approximately 6,600 residential units to
increase population density in the area; and develop approximately 663,300
square feet of retail space and 1,245,000 square feet of other commercial space.
The following progress has been made since the District’s creation:
– The Taylor Farms project (160 units), which was approved by City
Council on November 9, 2009, is currently under construction.
GFD Opportunity I, LLC must complete the project and receive its
Certificate of Occupancy by April 1, 2012.
– The Hillside West (130 units) project was approved by City Council
on April 28, 2010. Its construction commenced during May 2011.
GFD Opportunity II, LLC must complete the project and receive its
Certificate of Occupancy by July 2, 2012.
– Six additional sites have been prepared for future redevelopment
activities.
The Taylor Farms project under construction
The Taylor Farms project’s business center
and swimming pool
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