Agenda - City of Dallas

Exhibit A - TOD TIF District
FY 2011 Annual Report
Appendix A – Financials
City of Dallas, Texas
TOD Tax Increment Financing District Fund
Reinvestment Zone Number Fourteen
As of September 30, 2011
Chapter 311.016 of V.C.T.A. requires the following information
as part of the annual report on the status of the TIF District.
Information is contained in detail on the attached
financial statements.
1. Amount and source of revenue in the tax increment fund established for the zone:
$0 Interest Income
$0 Ad Valorem Taxes (Collected in FY'2010-11 based on 2010 Final Tax Roll)
$0 Total Revenue
2. Amount and purpose of expenditures from the fund:
$0 Administrative Expense
$0 Non-Capital outlay
$0 Capital outlay
$0 Interest and fiscal charges
$0 Total Expenditures
3. TIF administrative costs associated with staff time spent are being accumulated thru fiscal year 2009-10. The
Zone will begin reimbursing the General Fund for these costs starting in fiscal year 2011-12 upon collection of
increment.
4. a. Amount of Principal and Interest due-on outstanding indebtedness:
None.
b. The Zone entered into a development agreement with City Wide CDC for the "Lancaster Urban Village"
development in the TIF in an amount not to exceed $8,492,273 with anticipated completion by December 31, 2013
and reimbursement to begin thereafter from future tax increments. The Zone also entered into a development
agreement with Southern Methodist University to reimburse up to $400,000 as part of a NCTCOG grant local
match with project completion anticipated by December 31, 2013 and reimbursement to begin thereafter.
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