Agenda - City of Dallas

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Cityplace Area TIF District FY 2011 Annual Report Taxing Jurisdiction Participation Taxing Jurisdiction participation in the District is as follows: TIF Collection Period Start Date End Date* Participation Level Contribution to TIF Fund (Total dollars) Participating Jurisdictions: City of Dallas 16 years 1992 2008 100% $18,298,774 Dallas County 16 years 1992 2008 100% $5,397,044 DISD 16 years 1992 2008 $0.43087 per $100 $10,955,934 DCCCD 16 years 1992 2008 100% $1,838,952 DCHD 16 years 1992 2008 100% $6,253,322 INTEREST -- -- -- -- $531,388 TOTAL $43,275,414 TOTAL (NPV) $22,230.084 Note: All values are expressed in year FY 2008-2009 dollars using a discount rate of 5%. The legal TIF life is set at no longer than 20 years, but total TIF funds were collected within 16 years, * End of increment collections. District Accomplishments The Cityplace Area TIF District continues as a catalyst for development in the mixed use neighborhood just north of downtown Dallas. West Village serves as the anchor of shopping, entertainment and residential activity. With over 125,000 square feet of retail space and 179 residential units and the Magnolia Theater, West Village provides all the amenities necessary for the growth of surrounding properties. The Mondrian (opened in 2005) has 218 upscale apartments and 25,000 square feet of retail space. Borders Book and Chase Bank (completed in 2004-05), and the completion of Gables West Village (75 residential units, 18,000 square feet of retail) and Gables Cityplace West (103 residential units, 28,000 square feet of retail) have stabilized. During FY 2011, various amendments to the Cityplace Area TIF District Project Plan and Reinvestment Zone Financing Plan were approved by City Council. These amendments included increasing the Cityplace Area TIF budget by $531,388 total dollars (interest earnings), increasing the Street, Utility, Intersection Improvements Budget Line Item from by $531,388 total dollars. The budget increase will allow the City to finalize infrastructure improvements on several remaining sites: Cityville Cityplace, 2600 N. Haskell Avenue and Cityplace Tract 6C, 3925 N. Central Expressway. Both projects were subsequently approved by City Council on April 27, 2011. No additional increment collections were required to fund the budget increase. Funds were available from interest earnings generated from 5
Cityplace Area TIF District FY 2011 Annual Report increment previously collected and bond proceeds from the three TIF Bonds previously issued in 1998, 2000, and 2004. The bonds had been repaid in full, principal and interest. Construction continued on the a $12 million public improvement which included the following public improvements: (i) extension of Noble Avenue from Cityplace West Boulevard to Blackburn Street; (ii) extension of Oak Grove Avenue from Cityplace West Boulevard to Blackburn Street; (iii) extension of Howell Street from Lemmon Avenue to Cityplace West Boulevard; (iv) construction of three open spaces. These improvements will provide better traffic circulation for the area, public amenities for existing developments, patrons and residents, as well as maximize the development potential of the remaining seven undeveloped parcels within the District. TIF Funded Developments Cityville Cityplace Rendering provided by Criterion Property Company L.P. JLB Apartments Rendering provided by JLB Cityplace L.P. 6
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FEBRUARY 22, 2012 CITY COUNCIL AGEN
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AGENDA CITY COUNCIL MEETING WEDNESD
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February 22, 2012 2 CONSENT AGENDA
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February 22, 2012 12 PUBLIC HEARING
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February 22, 2012 14 Tax Foreclosur
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AGENDA DATE February 22, 2012 ITEM
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Page 32 and 33: BACKGROUND (Continued) As part of t
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Page 53 and 54: BID INFORMATION The following bids
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Page 65 and 66: BACKGROUND (Continued) The successf
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Page 75 and 76: KEY FOCUS AREA: Economic Vibrancy A
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Page 79 and 80: Cityplace Area TIF District FY 2011
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Page 109 and 110: COUNCIL CHAMBER February 22, 2012 W
Page 111 and 112: Oak Cliff Gateway TIF District FY 2
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COUNCIL CHAMBER February 22, 2012 W
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Exhibit A - Cedars TIF District FY
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KEY FOCUS AREA: Economic Vibrancy A
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Exhibit A City Center TIF District
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Exhibit A Farmers Market TIF Distri
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Sports Arena TIF District Exhibit A
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Exhibit A - Design District TIF Dis
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Exhibit A Vickery Meadow TIF Distri
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PRIOR ACTION/REVIEW (COUNCIL, BOARD
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Exhibit - A Southwestern Medical TI
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Exhibit A Southwestern Medical TIF
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Exhibit A Downtown Connection TIF D
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Deep Ellum TIF District FY 2011 Ann
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Grand Park South TIF District FY 20
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Exhibit A Skillman Corridor TIF Dis
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Exhibit A - Skillman Corridor TIF D
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Exhibit A Fort Worth Avenue TIF Dis
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Exhibit A - Fort Worth Avenue TIF D
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Exhibit A - Davis Garden TIF Distri
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Exhibit A TOD TIF District FY 2011
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Exhibit A - TOD TIF District FY 201
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Exhibit - A Maple/Mockingbird TIF D
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Exhibit A Maple/Mockingbird TIF Dis
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Exhibit A Cypress Waters TIF Distri
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Exhibit A - Cypress Waters TIF Dist
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KEY FOCUS AREA: A Cleaner, Healthie
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BACKGROUND (Continued) The City wil
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FISCAL INFORMATION 2005-06 Communit
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COUNCIL CHAMBER February 22, 2012 S
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Exhibit A City of Dallas Affordable
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BACKGROUND (continued) Per the Code
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·'1 57A @ 56F ~ -tp ~ 57E U'I 0 ~
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KEY FOCUS AREA: AGENDA ITEM # 34 Ma
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KEY FOCUS AREA: AGENDA ITEM # 35 Be
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OWNER Denali Construction Services,
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Swiss Avenue Median Council Distric
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BACKGROUND (Continued) The selectio
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PRIOR ACTION/REVIEW (Council, Board
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BUSINESS INCLUSION AND DEVELOPMENT
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Rogers-O'Brien Construction January
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KEY FOCUS AREA: AGENDA ITEM # 37 Ec
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BUSINESS INCLUSION AND DEVELOPMENT
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TOTAL M/WBE PARTICIPATION This Acti
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KEY FOCUS AREA: AGENDA ITEM # 41 Pu
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MAPSC045H
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ETHNIC COMPOSITION HKS, Inc. Hispan
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TOTAL M/WBE PARTICIPATION This Acti
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[ Irving Boulevard at Sylvan Avenue
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[Mapsco 46P1
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SECTION 3. That the City Secretary
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MAPSC033B aMI 1:::::-
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ORDINANCE NO. __________________ An
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MAPS Attached. Agenda Date 02/22/20
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... .,/ '.: \ 1:7,200 Planned Devel
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~'... 1:15,000 Planned Development
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BACKGROUND (continued) The City Cou
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BACKGROUND (continued) The City Cou
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PRIOR ACTION (continued) On January
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eN 1:1,800 Ordina nee 24581
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® 1:6,000 VICINITY MAP W078·007 1
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1:1,800 Ordinance 27395
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® 1:10,800 DATE: September 10, 200
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® 1:4,800 VICINITY MAP Map no: Cas
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PRIOR ACTION/REVIEW (COUNCIL BOARDS
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BACKGROUND (Continued) Dallas Water
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COUNCIL CHAMBER February 22, 2012 A
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DRAINAGE EASEMENT J.W. Grandstaff A
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BACKGROUND (Continued) The current
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EXHIBIT A CERTIFICATE OF FORMATION
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Exhibit A The Corporation will have
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Exhibit A IN WITNESS WHEREOF, this
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EXHIBIT B BYLAWS OF CITY OF DALLAS
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Exhibit B Section 2.5. Special Meet
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Exhibit B ARTICLE IV PROVISION REGA
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BACKGROUND (Continued) The project
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NCTCOG Funded Infrastructure Improv
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BACKGROUND (Continued) Although the
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Z112-123(MW) BACKGROUND INFORMATION
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Z112-123(MW) LAND USE ELEMENT Goal
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Z112-123(MW) Sustainable Constructi
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Z112-123(MW) Partners/Principals/Of
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Z112-123(MW) Z112-123 CPC Recommend
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Z112-123(MW) 12
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Z112-123(MW) 14
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Z112-133(RB) BACKGROUND INFORMATION
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Z112-133(RB) CPC ACTION (January 19
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Z112-133(RB) RECOMMENDED CONDITIONS
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Z112-133(RB) 12. GENERAL REQUIREMEN
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Z112-133(RB) 10
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Z112-133(RB) 12
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Z112-133(RB) CPC RESPONSES 14
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Z112-133(RB) Vote Label Address Own
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HONORABLE MAYOR & CITY COUNCIL WEDN
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Z112-135(CH) Land Use: Site Zoning
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Z112-135(CH) Landscaping: Landscapi
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Z112-135(CH) CPC Action: January 19
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Z112-135(CH) PROPOSED SITE PLAN 9
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Z112-135(CH) Single-family & Office
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Z112-135(CH) 1/24/2012 Notification
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Z112-137(WE) BACKGROUND INFORMATION
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Z112-137(WE) The number of required
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Z112-137(WE) BOARD OF TRUSTEES RISD
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Z112-137(WE) (c) Except as provided
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Z112-137(WE) SEC. 51P-572.109. FENC
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Z112-137(WE) (8) circulation; (3) W
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Z112-137(WE) Aikin Elementary Schoo
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Z112-137(WE) existing fence from th
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Z112-137(WE) - ~ Aikin Elementary S
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Z112-137(WE) 1:3,600 ZONING AND LAN
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Z112-137(WE) Notification List ofPr
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Z112-137 (WE) Vote Label Address Ow
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Z112-137 (WE) Vote Label Address Ow
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HONORABLE MAYOR AND CITY COUNCIL WE
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Z112-118(WE) Land Use: Zoning Land
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Z112-118(WE) CPC Action (January 5,
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Z112-118(WE) Library Undeveloped Ge
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Z112-118(WE) CPC RESPONSES 9
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Z101-342(WE) BACKGROUND INFORMATION
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Z101-342(WE) will be designated sol
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Z101-342(WE) Conflict: 1 - M. Davis
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Z101-342(WE) Juan Gamez, 5307 Parry
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Z101-342(WE) BOARD OF TRUSTEES DISD
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Z101-342(WE) SEC. 51P- .105. DEVELO
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Z101-342(WE) (1) landscaping must b
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Z101-342(WE) traffic circulation; e
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Z101-342(WE) PROPOSED LANDSCAPE PLA
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Z101-342(WE) 1. Calculate the site
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Z101-342(WE) Staff Assistance To op
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Z101-342(WE) CPC RESPONSES 26
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Z101-342(WE) Vote Label Address Own
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Z101-196(RB) Road, the applicant pr
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Z101-196(RB) Vacancy: 1 - District
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Z101-196(RB) Absent: 3 - R. Davis,
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Z101-196(RB) DEED RESTRICTIONS THE
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Z101-196(RB) 11
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Z101-335(RB) Policy 1.2.1 Use Visio
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Z101-335(RB) Second: Lavallaisaa Re
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Z101-335(RB) Notices: Area: 500 Mai
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Z101-335(RB) CPC RECOMMENDED CONDIT
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Z101-335(RB) SEC. 51P-XXX.108. YARD
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Z101-335(RB) the current traffic ma
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Z101-335(RB) (C) Detached videoboar
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Z101-335(RB) 17 Proposed Tract 1 De
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Z101-335(RB) Existing Conditions SU
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