https://cityofdallas.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6164411&GUID=7B1A0A34-C88C-4D73-8DD3-90D7FFF43839&G=FA9AD36F-9FB5-4633-8A99-4487E4A1114CLegistar15https://cityofdallas.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6164411&GUID=7B1A0A34-C88C-4D73-8DD3-90D7FFF43839&G=FA9AD36F-9FB5-4633-8A99-4487E4A1114C7B1A0A34-C88C-4D73-8DD3-90D7FFF43839-2025-04-11-20-06-51Title: Authorize the (1) Dallas Public Facility Corporation (DPFC) or its affiliate to purchase, using Community Development Block Grant (CDBG) Funds, and own property located at located at 9999 West Technology Boulevard, Dallas, Texas 75220 (the Property); (2) City Manager to negotiate and execute a development agreement and security instruments with the DPFC, each as approved to form by the City Attorney, and in compliance with 24 CFR 570.201(a) and (b), in an amount not to exceed $10,000,000.00 in CDBG Funds to acquire and own, and facilitate the development of a mixed-income affordable multifamily complex known as The Park at Northpoint to be located at the Property; and (3) DPFC to enter into a 75-year ground lease with the LDG The Park at Northpoint, LP (Developer Owner) and/or its affiliate, for the development of the Project at the Property - Not to exceed $10,000,000.00 - Financing: Community Development Block Grant FundsFri, 11 Apr 2025 20:06:51 GMT