24-1713
Authorize an amendment to Resolution 23-0544, previously approved on April 26, 2023 authorizing the (1) Dallas Public Facility Corporation (DPFC) or its affiliate to purchase, using Community Development Block Grant (CDBG) Funds, and own property located at 9999 West Technology Boulevard, Dallas, Texas 75220 (the Property); (2) City Manager to negotiate and execute a development agreement and security instruments with the DPFC, each as approved to form by the City Attorney, and in compliance with 24 CFR 570.201(a) and (b), in an amount not to exceed $10,000,000.00 in CDBG Funds to acquire and own, and facilitate the development of a mixed-income affordable multifamily complex known as The Park at Northpoint to be located at the Property; and (3) DPFC to enter into a seventy-five-year ground lease with the LDG - The Park at Northpoint, LP and/or its affiliate, for the development of the Project at the Property - Not to exceed $10,000,000.00 - Financing: Community Development Block Grant Funds; Estimated Revenue Forgone: General Fund $178,205,551.00 for 75 years (see Fiscal Information)
What this record is
- Held by
- Dallas Public Facility Corporation 3 records across this site
- Amount
- $10.0M
- Runs until
- May 15, 2029 3 years away date calculated from a contract term stated in the record, not quoted directly
- Type
- amendment
- Field
- Real estate
real estate contracts in TX that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
Dallas Public Facility Corporation also holds
Upcoming Agenda Item: October 14, 2026, Dallas City Council Agenda Item #26-2926A: Authorize the Dallas Public Facility Corporation (DPFC) to acquire,… Authorize the Dallas Public Facility Corporation to (1) acquire, develop, and own Trinity West Villas, a 36-unit mixed-income multifamily development …- Committee
- Department of Housing & Neighborhood Revitalization
- Requested by
- Department of Housing & Neighborhood Revitalization (HOU)
- Introduced
- May 15, 2024
- On agenda
- June 12, 2024
- Enactment no.
- 24-0847; APPROVED AS AN INDIVIDUAL ITEM
Where it was heard
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