Agenda - City of Dallas

Exhibit A - TOD TIF District
FY 2011 Annual Report
• On February 23, 2011, the City Council passed Resolution Number 11-0610
authorizing a resolution in support of the Texas Department of Housing and
Community Affair’s (TDHCA) 9% low-income housing tax credit (LIHTC)
allocation for Veterans Place located at 4623 South Lancaster Road for the
acquisition and new construction of the proposed 147-unit multifamily residential
development for low income families - Financing: No cost consideration to the
City Recommendation of Staff: Approval. (Related to potential Veteran’s Place
project).
• On March 9, 2011, the City Council passed Resolution Number 11-0683
authorizing the continued occupancy under the lease agreement with Jess
Baroukh L.L.C. for approximately 5,000 square feet of office space located at
2645 South Lancaster Road for the operation of the Women, Infants and
Children Clinic through May 31, 2011 - Total not to exceed $7,500 - Financing:
Department of State Health Services Grant Funds (subject to annual
appropriations). (Related to Crest Plaza Shopping Center)
• On April 27, 2011, the City Council held a public hearing and passed Ordinance
Number 28186 granting a Planned Development District for mixed uses on
property zoned an MU-3 Mixed Use District on the southeast corner of the North
Central Expressway and SMU Boulevard Recommendation of Staff and CPC:
Approval of a Planned Development District for mixed uses, subject to a
conceptual plan, Subarea 1 development plan, Subarea 2 development plan and
conditions Z090-181(WE). (Related to Southern Methodist University facilities).
• On April 27, 2011, the City Council passed Resolution Number 11-1193
authorizing (1) the establishment of a Fiji-Compton Economic Development
Program, pursuant to Chapter 380 of the Texas Local Government Code to make
loans and grants to promote local economic development and to stimulate
business and commercial activity in the Fiji-Compton area; and (2) the execution
of a conditional grant agreement in the amount of $240,000 with Sphinx
Development Corporation or its wholly owned subsidiary to provide funding for
the construction of twelve residential units in accordance with the Fiji-Compton
Economic Development Program - Not to exceed $240,000 - Financing: 2006
Bond Funds. (Related to Sphinx Development Corporation – Fiji/Compton project
area).
• On May 25, 2011, the City Council passed Resolution Number 11-1314
authorizing acquisition, including the exercise of the right of eminent domain, if
such becomes necessary, from AP-Prescott Twin Sixties, LP of approximately
1,796 square feet of land located near Twin Sixties Drive and U.S. 75 Central
Expressway for the Katy Trail, Phase VI Project - Not to exceed $121,900
($120,000 plus closing costs not to exceed $1,900) - Financing: 2006 Bond
Funds.
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