Authorize a tax increment financing (“TIF”) development agreement and all other necessary documents with 900 E. Clarendon QOZB, LLC and/or its affiliates (“Developer”) in an amount not to exceed $2,681,864.00, payable from current and future Oak Cliff Gateway (OCG) TIF District Funds (“TIF Subsidy”), in consideration of the East Dock Redevelopment Project on property currently addressed as 900 East Clarendon Drive in Tax Increment Financing Reinvestment Zone Number Three (OCG IF District) in accordance with the City’s Economic Development Incentive Policy - Not to exceed $2,681,864.00 - Financing Oak Cliff Gateway TIF District Fund (subject to annual appropriations from tax increments)

What this record is

Held by

900 E. Clarendon QOZB, LLC

Amount

$2.68M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

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Read automatically from the title of the official record. The source document below is authoritative.

Committee

Office of Economic Development

Requested by

Office of Economic Development (ECO)

Introduced

September 30, 2024

On agenda

October 23, 2024

Where it was heard

City Council Oct 23, 2024

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