STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: September 9, 2020
COUNCIL DISTRICT(S): 9
DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
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Authorize first amendments to the conditional grant agreement and development loan agreement with TX Casa View 2018, Ltd. or an affiliate, to provide additional funding for changes to the infrastructure plans to expand the capacity of the infrastructure to accommodate future development of surrounding properties - Not to exceed $300,000.00 - Financing: General Fund
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BACKGROUND
This item is to provide reimbursement towards additional infrastructure costs that exceed the original project budget. After further review of the original infrastructure plans by Dallas Water Utilities and the Department of Sustainable Development and Construction, City required code/construction changes to the infrastructure plan to expand the capacity of the infrastructure to accommodate future development on surrounding properties. The approval of these amendments will allow the developer to remain on track with development and assist the Department of Housing & Neighborhood Revitalization (Housing) in meeting its production and expenditure goals under the Comprehensive Housing Policy.
On February 27, 2019, City Council authorized a development loan agreement and conditional grant agreement with TX Casa View 2018, Ltd. (TCV) to rehabilitate all 40 existing units and construct 224 new units for seniors at the Estates at Shiloh Apartments by Resolution No. 19-0387. The 264 units will be dispersed equitably by bedroom size and amongst income bands throughout the development. The proposed development will have four three-story buildings with ventilated corridors and accessible elevators. Planned amenities include renovation of the existing 9,000 square foot community center, community garden, la...
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