STRATEGIC PRIORITY: Economic Development
AGENDA DATE: March 8, 2023
COUNCIL DISTRICT(S): 10
DEPARTMENT: Office of Economic Development
EXECUTIVE: Majed Al-Ghafry
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SUBJECT
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Authorize (1) the transfer of $5,551,590.00 from the Skillman Corridor TIF District Fund to the Park & Recreation Department Capital Gifts, Donation & Development Fund to support the design and construction of a new City park and multi-purpose facility at the northwest corner of Forest Lane and Audelia Road (the "Forest/Audelia Project") in Tax Increment Financing Reinvestment Zone Number Fourteen (Skillman Corridor TIF District); (2) an increase in appropriations in an amount not to exceed $5,551,590.00 in the Park & Recreation Department Capital Gifts, Donation & Development Fund; and (3) the disbursement of funds in an amount not to exceed $5,551,590.00 from the Park & Recreation Department Capital Gifts, Donation & Development Fund to deliver the Forest/Audelia Project, such improvements being necessary and convenient to the implementation of the Skillman Corridor TIF District Project Plan and Reinvestment Zone Financing Plan, as amended - Not to exceed $5,551,590.00 - Financing: Capital Gifts, Donation & Development Fund (subject to availability and current and annual appropriations from tax increments)
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BACKGROUND
In 2018, the Forest/Audelia area became part of the Dallas Project Safe Neighborhoods Initiative, focusing on the most pressing violent crime problems in a community and supported through the U.S. Attorney's Office - Northern District of Texas Project Safe Neighborhood. The poverty rates for the four census tracts converging at the Forest/Audelia area are 13.1%, 29.4%, 31.8% and 34.2%, all exceeding the U.S. poverty rate of 11.6%. Between 88% and 98% of the students attending the three elementary schools within the greater area are economically disadvantaged. There are no parks in northeast Dallas...
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