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File #: 25-3603A    Version: 1 Name:
Type: BRIEFING MEMORANDUM Status: Agenda Ready
File created: 12/15/2025 In control: Economic Development Committee
On agenda: 1/6/2026 Final action:
Title: Upcoming Agenda Item: Authorize a tax increment financing ("TIF") development and a Chapter 380 grant agreement ("Agreement") with Southern Gateway Public Green Foundation ("Developer") in a total amount not to exceed $8,000,000.00, including up to $6,964,198.00 from the Oak Cliff Gateway TIF District ("TIF Subsidy") and an economic development grant of $1,035,180.00 ("Grant") from the 2012 General Obligation Bond Program (Proposition 3: Economic Development), in consideration of the Phase I Plaza Area Project at Halperin Park, in accordance with the Economic Development Incentive Policy [Kevin Spath, Director, Office of Economic Development]
Attachments: 1. Memorandum
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Upcoming Agenda Item: Authorize a tax increment financing (“TIF”) development and a Chapter 380 grant agreement (“Agreement”) with Southern Gateway Public Green Foundation (“Developer”) in a total amount not to exceed $8,000,000.00, including up to $6,964,198.00 from the Oak Cliff Gateway TIF District (“TIF Subsidy”) and an economic development grant of $1,035,180.00 (“Grant”) from the 2012 General Obligation Bond Program (Proposition 3: Economic Development), in consideration of the Phase I Plaza Area Project at Halperin Park, in accordance with the Economic Development Incentive Policy [Kevin Spath, Director, Office of Economic Development]