tif board briefing_potential infrastructure imprv_9!14!11

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1Office of Economic DevelopmentWWW.DALLAS-ECODEV.ORG

Prioritization of Infrastructure Improvements

Davis Garden TIF Board

September 23, 2011




Purpose

Review and prioritize the potential list of infrastructureimprovements that may be funded by the $1 milliondeposit into the Davis Garden TIF District Increment

Fund.




Davis Garden TIF District BoundaryMap

Sub-District A – The Canyon

Sub-District B – Davis Garden




Davis Garden TIF District: CurrentStatus

• Appraised values in the Davis Garden TIF District are only $3million above the adjusted base value. There will be insufficientincrement in the short term to cover any TIF reimbursements.TIF administrations will only be partially covered.

• The potential $1 million contribution related to the amendedINCAP Phase I development agreement is likely to be the onlydiscretionary funds available for infrastructure improvements in

the short term.




INCAP’s Phase I DevelopmentAgreement

INCAP’s Phase I development agreement consisted of thefollowing components:

The project’s environmental remediation and demolitioncomponents have been completed for sum time

On June 22nd City Council authorized a third amendment to thedevelopment agreement that allows INCAP to deposit $1 million

into the Davis Garden District Tax Increment Fund for futureinfrastructure improvements that benefit the District in lieu of thedeveloper constructing median improvements, streetscape andother public improvements

TIF Improvement Category AmountEnvironmental Remediation $1,575,612.70

Demolition $1,432,633.30

Median Improvements, Streetscape & Other Public Improvements $1,000,001.00

TIF Eligible Project Costs $4,008,247.00




City staff put together a list of projects that could befunded with the $1 million could be utilized to fund anumber of proposed public infrastructure improvementsprojects throughout the District

• King’s Demonstration Plaza• King’s Permanent Plaza• King’s Parking• Rosemont Plaza

• Rosemont Safe Route• Davis Corridor Bicycle Facility• 7th Street Bicycle Facility• Matching Funds for Kessler Theater Infrastructure

Potential Infrastructure Improvements




King’sHighwayPermanentPlaza withadditionalamenities

7th Street

Davis StreetDavis Street

T y l e r S t r e e t

K i n g K i n g ’ ’ s s

H i g h w a y

H i g h w a y





King’sHighwayParking


K i n g K i n g ’ ’ s s

H i g h w a y

H i g h w a y





RosemontPlaza


N .

R o s e m

o n t A

v e

N .

R o s e m o n t A

v e

M a r y C l i f f R d

M a r y C l i f f R d

7 t h 7 t h S t r e e t S t r e e t




10

Office of Economic DevelopmentWWW.DALLAS-ECODEV.ORG

Rosemont Safe Route

• Reduce 38’, 3-lane road to24’, 2-lane road with 14’dedicated bicycle path

• Reduce with of intersectionsto ease crossing

• Reduce width of slip lane by

adding cycle track





Rosemont Safe Route (cont.)

• Increase safety

• Increase ridership

• Physically separate carsfrom bicycle traffic

• Ease crossing distance forpedestrians

• Decrease accident rates forall modes of transit





Davis Street Corridor Bicycle Improvements – EarlyImplementation (2011-12)





Matching Funds for Kessler Theater Infrastructure• $59,691.00 in TIF funding will be leveraged by $179,200.00 in

matching funds from TxDot (NCTCOG Grant)





Kessler Theater landscape construction estimate:


DESCRIPTION COST TOTAL

A Hardscape/Pedrestian AmenitiesPedestrian Amenities Construction $129,381.00Pedestrian Amenities PS&E and Design $12,938.10

$142,319.10B Landscaping

Landscaping Construction $66,088.00Landscaping PS&E and Design $6,608.80

$72,696.80C Intersection Improvements

Intersection Improvements Construction $2,000.00Intersection Improvements PS&E and Design $200.00

$2,200.00D Other (Demolition of curbs & sidewalks)

Other Construction $6,803.00Other Construction PS&E and Design $680.30

$7,483.30

SubtotalConstruction Costs $204,272.00

PS&E and Design $20,427.20Environmental Assessment $5,000.004.5% of Total Construction Hard Costs $9,192.24TOTAL $238,891.44

•

TxDot Funding – 75%• TIF Funding – 25%

Funding Source

TxDot Funding $179,200.00

TIF Funding $59,691.44TOTAL $238,891.44




Staff recommendations for proposed Infrastructure Improvements:

Non funded projects:

Project Est. Cost Source

Matching funds for NCTCOG Grant $60,000

100% OED;

leverages approx.$180K in outside

funds

King’s Demonstration Plaza $301,568 100% OEDKing’s Permanent Plaza $194,483 100% OED

King’s Parking $40,357 100% OEDRosemont Plaza $201,512 100% OED

Davis Corridor Bicycle Facility $159,000 100% OED

City of Dallas Design Studio –

Concept for reconfiguration of W.Davis Street from Montclair to Zang

Boulevard

$35,880 100% OED

Total $992,800

Rosemont Safe Route $36,272 Unfunded

Seventh Street Bicycle Boulevard $85,844 Unfunded

Public Art for King's PermanentPlaza

$300,000 Unfunded

Funding SourceStratford Funds $1,000,000 OEDPotential Grant for Public Art $300,000 Private/Non-ProfitOther Unfunded Projects $122,116 Private/Non-Profit

Total Project Cost $1,422,116


tif board briefing_potential infrastructure imprv_9!14!11

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