Authorize (1) a Conditional Chapter 380 Economic Development Loan Agreement with Southfair Community Development Corporation in an amount not to exceed $1,190,354.00, sourced from the South Dallas/Fair Park Opportunity Fund; and (2) a Chapter 373 Conditional Grant Agreement with Borrower/Recipient in an amount not to exceed $312,500.00 sourced from the Public Private Partnership Fund, for capital improvements and construction costs related to the development of the Malcolm’s Point Retail Project to be located at 2807 Al Lipscomb Way, Dallas, Texas 75215, in accordance with the City’s Economic Development Incentive Policy and the South Dallas Fair Park Opportunity Fund Program Statement - Total amount not to exceed $1,502,854.00 - Financing: South Dallas Fair Park Opportunity Fund ($1,190,354.00) and Public Private Partnership Fund ($312,500.00)

What this record is

Held by

Southfair Community Development Corporation 2 records across this site

Amount

$1.19M

Runs until

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

Type

contract

Field

Construction

construction 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.

Southfair Community Development Corporation also holds

Authorize (1) the sale of one vacant Land Transfer Program lot to Southfair Community Development Corporation and/or its affiliates, a Qualified Parti… Dallas, TX

Committee

Office of Economic Development

Requested by

Office of Economic Development (ECO)

Introduced

October 23, 2024

On agenda

November 13, 2024

Where it was heard

City Council Nov 13, 2024

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