PILLAR: Growing
AGENDA DATE: November 12, 2025
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Economic Development
PRIORITY: Targeted Economic Growth
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SUBJECT
Title
Authorize a Chapter 380 economic development grant agreement and all other necessary documents with RG University Hills, LLC, a Texas limited liability company and/or its affiliates in an amount not to exceed $23,500,000.00 in consideration of the Rivulet Phase 1 Project, a master-planned and mixed-use development proposed on real property currently undeveloped and addressed as 6400 University Hills Boulevard, in accordance with the Economic Development Incentive Policy - Total not to exceed $23,500,000.00 - Financing: Economic Development & Housing Development Fund (2012 General Obligation Bond Fund) ($503,533.00), Economic Development Fund (I) (2017 General Obligation Bond Fund) ($1,721,521.00), Economic Development (G) Fund (2024 General Obligation Bond Fund) ($14,411,515.00), and Infrastructure Investment Fund ($6,863,431.00) (subject to current and annual appropriations)
*In alignment with Economic Development Incentive Policy.
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BACKGROUND
In 2023, RG University Hills, LLC, a Texas limited liability company and/or its affiliates ("Developer") submitted a development incentive application to the Office of Economic Development seeking gap funding to make Rivulet Phase 1 ("Project") financially feasible.
Rivulet is located west of University Hills Boulevard and north of Camp Wisdom Road. The Property is bisected by Ricketts Branch Creek and is approximately 150 feet from the University of North Texas at Dallas campus.
Rivulet is a mixed-use, master-planned, and multi-phased development to include a mix of single-family residential, multi-family residential, commercial, and open space uses in an area of southern Dallas known as the Education Corridor. The development will aim to bring needed goods and services, housin...
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