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File #: 26-18A    Version: 1 Name:
Type: CONSENT AGENDA Status: Approved
File created: 12/15/2025 In control: Office of Economic Development
On agenda: 1/14/2026 Final action:
Title: Authorize a tax increment financing ("TIF") development agreement and all other necessary documents ("Agreement") with 549 E Jefferson Blvd, LLC and/or its affiliates ("Developer") in an amount not to exceed $10,000,000.00 from current and future Oak Cliff Gateway TIF District funds ("TIF Subsidy") in consideration of The Jefferson Redevelopment Project on property currently addressed as 549 East Jefferson Boulevard in Tax Increment Reinvestment Zone Number Three ("Oak Cliff Gateway TIF District"), in accordance with the Economic Development Incentive Policy - Not to exceed $10,000,000.00 - Financing: Oak Cliff Gateway TIF District Fund (subject to annual appropriations from tax increments) *In alignment with Economic Development Incentive Policy.
Indexes: 1
Attachments: 1. Resolution, 2. Exhibit A, 3. Exhibit B, 4. Exhibit C, 5. Exhibit D, 6. Exhibit E
Date Ver.Action ByActionResultAction DetailsMeeting Details
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PILLAR: Growing
AGENDA DATE: January 14, 2026
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Economic Development
PRIORITY: Targeted Economic Growth
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SUBJECT

Title
Authorize a tax increment financing ("TIF") development agreement and all other necessary documents ("Agreement") with 549 E Jefferson Blvd, LLC and/or its affiliates ("Developer") in an amount not to exceed $10,000,000.00 from current and future Oak Cliff Gateway TIF District funds ("TIF Subsidy") in consideration of The Jefferson Redevelopment Project on property currently addressed as 549 East Jefferson Boulevard in Tax Increment Reinvestment Zone Number Three ("Oak Cliff Gateway TIF District"), in accordance with the Economic Development Incentive Policy - Not to exceed $10,000,000.00 - Financing: Oak Cliff Gateway TIF District Fund (subject to annual appropriations from tax increments)

*In alignment with Economic Development Incentive Policy.

Body
BACKGROUND

The Jefferson Redevelopment Project ("Project") is proposed to include the renovation and adaptive reuse of the historic property that was formerly the Oak Cliff Methodist Church totaling approximately 43,291 gross square feet located on approximately 1.72 acres of land currently addressed as 549 East Jefferson Boulevard at the northwest corner of Marsalis Avenue and Jefferson Boulevard ("Property").

The Property was designated a City of Dallas Landmark in 1995 and a Texas Historical Landmark in 1999. There are three existing buildings on the Property totaling approximately 46,600 square feet, including:

? a 14,600 square foot Classical Revival Style sanctuary building built in 1915,
? a 20,000 square foot, 3-story education building built in 1926, and
? a 12,000 square foot, 1.5-story youth building added in 1951

The Property has been vacant since 2015 and was damaged by a fire in 2022. The Developer purchased the property in 2023 with intention to deliver this pr...

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