8STRATEGIC PRIORITY: Economic Development
AGENDA DATE: December 14, 2022
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Economic Development
EXECUTIVE: Majed Al-Ghafry
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SUBJECT
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Authorize a tax increment financing ("TIF") development agreement with the Dallas County Heritage Society in an amount not to exceed $650,000.00 payable from existing Cedars TIF District funds in consideration of the restoration of the Blum House and the Rall House to be used for leasable office space and park programming at Old City Park located at 1515 South Harwood Street - Not to exceed $650,000.00 - Financing: Cedars TIF District Fund
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BACKGROUND
Dallas County Heritage Society ("DCHS") currently manages Old City Park (formerly known as Dallas Heritage Village) located at 1515 South Harwood Street in the Cedars TIF District ("TIF District"). In October 2018, the City's Park and Recreation Board approved a Dallas Heritage Village Master Plan ("Master Plan") for the City-owned park. The approved Master Plan seeks to enhance the visitor/customer experience at Old City Park.
In 2018, to begin implementation of the Master Plan, DCHS requested funding assistance from the TIF District to support a project involving the historic restoration of the Park Avenue House and the Rall House on the Old City Park campus. In June 2019, City Council approved Resolution No. 19-0918, authorizing a development agreement and TIF funding assistance in an amount not to exceed $650,000.00. However, due to turnover of leadership at DCHS as well as impacts of COVID-19 in 2020 and 2021, DCHS was unsuccessful in raising the $550,000.00 in required matching funds for the project. As such, the development agreement was never executed, and the project never moved forward.
Recently, DCHS (under the leadership of a new executive director) submitted a new request for funding assistance from the TIF District in an amount not to exceed ...
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