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File #:
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25-1144A
Version:
1
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Name:
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Type:
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BRIEFING MEMOS
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Status:
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Agenda Ready
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On agenda:
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4/7/2025
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Final action:
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Title:
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Upcoming Agenda Items: Authorize (A) proposed amendment of the Downtown Connection TIF District ("TIF District") Project Plan and Reinvestment Zone Financing Plan ("Plan") to: (1) add a provision for a directed sale of an approximately 1.09 acre property addressed as 660 N. Griffin Street (and the current location of City of Dallas Fire Station No. 18) in the Downtown Connection Sub-district of the Downtown Connection TIF District; and (2) reprogram $6,980,602 in 2006 NPV dollars (approximately $17,561,516 in total dollars) from the Redevelopment of Vacant/Underutilized Downtown Buildings, Underdeveloped Parcels, Surface Parking Lots line item to the Public Safety Building (replace Fire Station No. 18) line item in the Downtown Connection Sub-district's budget to support the relocation and development of a new Fire Station No. 18, and (B) proposed development agreement with Tango North RF, LLC, a Texas limited liability company and/or its affiliates or assigns (collectively, the "Devel...
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Attachments:
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1. Memorandum
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title
Upcoming Agenda Items: Authorize (A) proposed amendment of the Downtown Connection TIF District (“TIF District”) Project Plan and Reinvestment Zone Financing Plan (“Plan”) to: (1) add a provision for a directed sale of an approximately 1.09 acre property addressed as 660 N. Griffin Street (and the current location of City of Dallas Fire Station No. 18) in the Downtown Connection Sub-district of the Downtown Connection TIF District; and (2) reprogram $6,980,602 in 2006 NPV dollars (approximately $17,561,516 in total dollars) from the Redevelopment of Vacant/Underutilized Downtown Buildings, Underdeveloped Parcels, Surface Parking Lots line item to the Public Safety Building (replace Fire Station No. 18) line item in the Downtown Connection Sub-district’s budget to support the relocation and development of a new Fire Station No. 18, and (B) proposed development agreement with Tango North RF, LLC, a Texas limited liability company and/or its affiliates or assigns (collectively, the “Developer”) in an amount not to exceed $29,399,487 (“TIF Subsidy”), payable from existing and future TIF District funds, for the Fire Station No. 18 Relocation Project (“Project”) including: (a) City’s acquisition from Developer of three properties addressed as 1205 Patterson Avenue, 1212 San Jacinto Street, and 1214 San Jacinto Street totaling approximately 0.967 acres (the property on which the future Fire Station No. 18 will be located); (b) City’s directed sale to Developer of an approximately 1.09 acre property addressed as 660 N. Griffin Street (the property on which the existing Fire Station No. 18 is located); and (c) reimbursement of development costs associated with Developer’s design, engineering, financing, construction, and conveyance to the City of a new Fire Station No. 18 facility (and associated infrastructure and streetscape improvements) [Tamara Leak, Assistant Director (I), Office of Economic Development]
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