STRATEGIC PRIORITY: Growing
AGENDA DATE: May 28, 2025
COUNCIL DISTRICT(S): 3, 8
DEPARTMENT: Office of Economic Development
EXECUTIVE: Robin Bentley
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SUBJECT
Title
A public hearing to receive comments concerning the creation of the RedBird Public Improvement District (the "District"), in accordance with Chapter 372 of the Texas Local Government Code ("the Act"), for the specified area of the District, to provide supplemental public services to be funded by assessments on real property and real property improvements in the District; and, at the close of the public hearing, authorize: (1) approval of a resolution creating the District for a period of ten years, from 2026 to 2035; (2) approval of the District's Service Plan for 2026-2035 to provide supplemental public services, to be funded by assessments on real property and real property improvements in the District; and (3) a management contract with Preferred Place, LLC, a Texas limited liability company as the management entity for the District - Financing: This action has no cost consideration to the City (see Fiscal Information)
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BACKGROUND
On February 1, 2025, Preferred Place, LLC, a Texas limited liability company, representing owners of real property located within the District, submitted petitions to the City of Dallas requesting the creation of the District and approval of the District's Service Plan for a new ten-year term effective January 1, 2026 to December 31, 2035, in accordance with the Act.
The City staff reviewed the petitions and verified that owners of record representing 54.7% of the appraised value and 54.5% of the land area of real property in the District liable for assessment had signed the petitions, thereby meeting the minimum requirements for creation set in the Act but falling below the City's petition approval threshold from owners. In new and renewing commercial or mixed-use district of the City of Dallas ...
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