STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: August 11, 2021
COUNCIL DISTRICT(S): All
DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
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Authorize an amendment to Resolution No. 13-1795, previously approved on October 8, 2013 with South Dallas/Fair Park Innercity Community Development Corporation in the amount of $3,400,000.00, of which $1,634,823.00 of the lien was released for after completion of the medical center to (1) extend the term of Agreement date by three years; (2) allow for the City of Dallas to demolish the building at 4850 Brashear Street; (3) convey the property at 4850 Brashear Street to ICDC; and (4) to complete ongoing work related to the development of the Mill City Townhomes on Spring Avenue - Financing: No cost consideration to the City
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BACKGROUND
South Dallas/Fair Park Innercity Community Development Corporation (ICDC) submitted a plan to complete the redevelopment along Spring Avenue in the Mill City Neighborhood and is requesting an extension of the General Obligation Bond conditional grant agreement in order to complete the final phase of the redevelopment. ICDC consulted with an architect and engineering firm to develop architectural plans and created a rendering to be used in marketing the development. This includes a Plat Map, Traffic Worksheet, Rezoning Landscape Plan, Rezoning Representation & Coordination with City of Dallas, and Additional ALTA Survey.
The 2006 Bond Election provided $41.495 million dollars in General Obligation Bonds to provide funds for promoting economic development in the Southern Sector. On December 12, 2007, City Council approved an amendment to the Public/Private Partnership Program to set forth the Economic Development Program for Southern Dallas. This project will be implemented under the amended program.
Over the period of 2003-2008, master pl...
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