STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: June 23, 2021
COUNCIL DISTRICT(S): 2, 6
DEPARTMENT: Office of Economic Development
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
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Authorize a development agreement and all other necessary documents with Circuit Trail Conservancy and/or its affiliates for the design and construction of the North Victory segment of the Hi Line Connector Trail Project located in the Victory Sub-district of the Sports Arena TIF District in an amount not to exceed $11,562,124.00 - Not to exceed $11,562,124.00 - Financing: Sports Arena TIF District Fund (subject to current and future appropriations from tax increments)
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BACKGROUND
On March 31, 2005, the City of Dallas Park Board adopted the Dallas Trails Network Master Plan establishing a citywide network of constructed and planned linear, loop, nature and neighborhood trails extending across almost 250 miles. As part of an update to the plan in 2008, the City documented its intent to complete a City-wide circuit hike and bike trail loop that encompasses various existing and proposed trails, totaling approximately 53.5 miles, now called The Loop. When completed, The Loop will connect nine City Council districts.
In 2019, the City executed a development and funding agreement with the Circuit Trail Conservancy (CTC) for the purpose of assisting with the funding, land acquisition (if necessary), design and construction of hike and bike trails on the remaining undeveloped 11 miles of The Loop, comprised of the Circuit Trail Connector, Trinity Forest Spine Trail (North and South), the Trinity Gateway, and Trinity Skyline Trail Links. The CTC is a non-profit organization that was created to raise funds and partner with the City to design and construct the remaining component trail segments in The Loop.
Through a public private partnership, captured in the 2019 funding and development agreement be...
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