Agenda - City of Dallas

Exhibit A - Davis Garden TIF District
FY 2011 Annual Report
Improve transportation including but not limited to hike and bike trails, bus,
trolley, streetcar, and freeway access, street improvements and construction of
new public streets and thoroughfares.
The following progress has been made since the District’s creation:
– City Council approved projects for the design and construction for
Phase 1 of a new eastbound frontage road for I-30 located between
Cockrell Hill Road and Westmoreland Road during previous fiscal
year.
– SLF III – The Canyon TIF, L.P.’s North Oak Cliff Streetcar
Extension project was approved by City Council on June 22, 2011.
The project’s approval will provide funding to extend the North Oak
Cliff Streetcar system to Davis Garden TIF District.
– City staff is currently working to identify potential infrastructure
improvements that may be funded by SLF’s $1 million deposit into
the Davis Garden TIF District Increment Fund for future TIF
infrastructure improvements that benefit the District in lieu of the
developer constructing median improvements, streetscape or other
public improvements.
Generate approximately $103.7 million (2008 dollars) in real property tax
increment for the TIF Fund over 32 years of collections.
The District’s assessed property value has increased 2.2% over its
adjusted base value. This increase has generated approximately
$202,297 in incremental revenue (0.2% of the goal).
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