Agenda - City of Dallas

Exhibit A - Davis Garden TIF District
FY 2011 Annual Report
Budget and Spending Status
The Davis Garden TIF District’s Project Plan and Reinvestment Zone Financing Plan
established a budget for public improvement expenditures that are necessary to support
private investment. The District’s budget and spending to date are provided on the
following charts:
Davis Garden TIF District
Projected Increment Revenues to Retire TIF Fund Obligations
Category
TIF Budget
(Total Dollars)
Allocated
Balance
Environmental Remediation/Demolition $77,352,359 $3,013,246 $74,339,113
Infrastructure Improvements $10,012,627 $5,382,206 $4,630,421
Affordable Housing $27,756,946 $3,671,197 $24,085,749
Historic Façade Restoration $4,533,294 $86,535 $4,446,759
District Wide Improvements - Parks, Open
space, Trails, Trolley/Streetcar
$10,149,900 $3,088,145 $7,061,755
The Canyon in Oak Cliff Improvements *** $107,193,629 $69,808,000 $37,385,629
Administration and Implementation** $4,372,014 $354,438* $4,017,576
Total Project Costs $241,370,769 85,403,767 $155,967,002
All values are estimated expenditures based on Annual TIF Project Costs and Debt Service schedules.
These values depend on timing of projects and will fluctuate. An interest rate of 5% is used throughout the
TIF term.
*TIF administration costs show are committed through FY 2011 including $222,736 in cumulative
expenses as of FY 2010 and an additional $131,380 in expenses incurred in FY 2011 but not booked at
fiscal year close.
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