PILLAR: Growing
AGENDA DATE: February 25, 2026
COUNCIL DISTRICT(S): 13
DEPARTMENT: Office of Economic Development
PRIORITY: Targeted Economic Growth
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SUBJECT
Title
A resolution accepting the FY 2024-2025 Annual Report on the status of Tax Increment Financing Reinvestment Zone Number Nine (Vickery Meadow TIF District or District) and authorizing the City Manager to submit the annual report to the Chief Executive Officer of each taxing jurisdiction that levies taxes on real property in the District and to the State Comptroller, as required by state law - Financing: No cost consideration to the City
*In alignment with Economic Development Incentive Policy.
Body
BACKGROUND
State law (the Tax Increment Financing Act, Texas Tax Code Section 311.016, as amended) requires that the City Council, as the City's governing body submit an annual report on the status of each reinvestment zone it has created to the Chief Executive Officer of each taxing unit that levies taxes on real property in the zone, as well as to the State Comptroller. On April 27, 2005, City Council authorized Ordinance No. 25964, as amended, establishing the Vickery Meadow TIF District. On December 14, 2005, City Council authorized the Project Plan and Reinvestment Zone Financing Plan for this District by Ordinance No. 26181, as amended.
The Vickery Meadow TIF District's assessed 2025 taxable value was $629,854,151.00, an increase of $465,075,061.00 (282%) over the adjusted base taxable value and a decrease of $33,600,151.00 (-5.1%) over last year's final taxable value. With the participation of the City and Dallas County, this will result in the collection of approximately $3,144,842.00 in incremental revenue for the District in 2026.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On April 27, 2005, the City Council authorized the establishment of Tax Increment Financing Reinvestment Zone Number Nine, the Vickery Mead...
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