Agenda - City of Dallas

Exhibit A
Maple/Mockingbird TIF District
FY 2011 Annual Report
Mission Statement
The mission of the Maple/Mockingbird TIF District is to provide a source of funding for
public infrastructure improvements necessary to enhance the real estate market for the
Maple/Mockingbird TIF District area. The Maple/Mockingbird Tax Increment Financing
(TIF) District represents the outgrowth of the City of Dallas’ effort to provide a model for
redeveloping underdeveloped land area near employment centers to take full advantage
of the expanding DART light rail system and area resources such as Love Field Airport
and the Southwestern Medical District.
The Maple/Mockingbird TIF District took effect on January 1, 2009, and will terminate on
December 31, 2033, (including collection of the 2033 increment in calendar year 2034
and any related matters to be concluded in 2034) or when the budget of $27.8 million
(NPV) or $58 million total dollars has been collected. The City of Dallas and Dallas
County are the two participating jurisdictions. The City’s participation is 70% in 2009
through 2011, increases to 85% in 2012 through 2026, and then decreases to a rate of
70% for the duration of the District. Dallas County’s participation is 55% for the first
twenty years of the District.
District Accomplishments
The initial project for the Maple/Mockingbird TIF District is the Reserve on the North
Campus Streetscape project. The project will provide enhanced public streetscape
adjacent to a townhome project under construction at 2303 Stutz Road. The public
improvements consist of a widened sidewalk, with tree plantings and pedestrian lighting.
This will be the first public improvement for the District and will set the standard for
future developments to follow.
Major employers Parkland Memorial Hospital, UT Southwestern Medical Center and
Children’s Medical Center are located just outside of the district are planning significant
expansion within the next decade. Parkland Memorial Hospital has undertaken a major
construction project, replacing the outdated facility with a new one. The $1.2 billion
Parkland expansion plan includes 17 story hospital surrounded by new clinics and
parking garages located around the Southwestern Medical District/Parkland DART light
rail station.
New development within the District are slowly picking up. JLB Partners is constructing
Maple Avenue Apartments, 300 units at 6008 Maple Avenue. Elliot’s hardware has
recently relocated to 5439 Denton Drive. Chicory Court IX, LP, is planning to construct
approximately 252 apartments.
DART Green Line expansion (NW corridor) is completed and the Inwood/Love Field
light rail station was opened in December 2010. During FY 2010, on average, the
Inwood/Love Field light rail station serviced 824 passengers per week day
4