https://cityofdallas.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6125331&GUID=D95742D3-DB20-41C2-A36F-BBFE4EB254FA&G=FA9AD36F-9FB5-4633-8A99-4487E4A1114CLegistar15https://cityofdallas.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6125331&GUID=D95742D3-DB20-41C2-A36F-BBFE4EB254FA&G=FA9AD36F-9FB5-4633-8A99-4487E4A1114CD95742D3-DB20-41C2-A36F-BBFE4EB254FA-2024-09-19-20-02-56Title: Authorize an economic development incentive agreement with Randall’s Food & Drugs LP and/or its affiliates (“Grantee/BPP Owner”), doing business as Tom Thumb, to include (1) a Chapter 380 economic development grant in the amount not to exceed $5,200,000.00; (2) a Chapter 380 sales tax grant in the amount not to exceed $600,000.00 over ten years; and (3) a business personal property tax abatement for a period of five years in the amount equal to the City’s taxes assessed on 75 percent of the added taxable value of Grantee/BPP Owner’s business personal property investment during the first five years of operation in consideration of a new full-service grocery store (“Project”) within City of Dallas Tax Increment Reinvestment Zone Number Twenty - Total not to exceed $5,800,000.00 - Financing: ECO (I) Fund (2017 General Obligation Bond Fund) ($2,000,000.00), Public/Private Partnership Fund ($1,661,279.89), Economic Development Fund (2006 General Obligation Bond Funds) ($1,538,720.11), and Project Sales Tax Agreement Fund ($600,000.00); Estimated Revenue Foregone: $208,849.00 for a five-yeThu, 19 Sep 2024 20:02:56 GMT