Agenda - City of Dallas

KEY FOCUS AREA:
Economic Vibrancy
AGENDA ITEM # 54
AGENDA DATE: February 22, 2012
COUNCIL DISTRICT(S): 3
DEPARTMENT:
Office of Economic Development
CMO: Ryan S. Evans, 670-3314
MAPSCO:
SUBJECT
54 B
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Authorize an amendment to the development agreement with the Kessler Theater, LLC,
previously approved on November 9, 2009, by Resolution No. 09-2762-01, in Tax
Increment Financing Reinvestment Zone Number Sixteen (Davis Garden TIF District) to
extend the deadlines related to the completion of the Kessler Theater project to July 1,
2012 - Financing: No cost consideration to the City
BACKGROUND
On November 9, 2009, City Council approved the Kessler Theater, LLC’s request for
$199,643 in TIF reimbursement for the Kessler Theater’s renovation. The project will
include: (1) environmental remediation, demolition, and façade improvements at 1214
West Davis Street. The environmental remediation and demolition activities will consist
of the assessment and removal of asbestos hazards. The façade improvements include
repairs to the theater’s façade and the replacement of its awnings, blade sign, doors,
marquee, and poster cases; and (2) infrastructure improvements along West Davis
Street between North Clinton Avenue and North Winnetka Avenue, and infrastructure
improvements along North Clinton Avenue between West Davis and West 7 th
Streets.
The infrastructure improvements will consist of converting on-street parking along West
Davis Street and the sidewalk along North Clinton Avenue to expand the existing
pedestrian area adjacent to the theater. The expanded pedestrian area will
accommodate the removal and replacement of the existing sidewalks, the planting of
native plants and trees, and the addition of pedestrian lighting, outdoor seating (i.e.
benches, tables, and chairs) and bike racks. The new sidewalks shall be measured from
the back of the curb and include a 3-foot wide landscaping/pedestrian lighting zone
adjacent to the curb and a 7-foot wide pedestrian zone.