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24-3381

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)

CONSENT AGENDA Agenda Ready Introduced October 23, 2024

What this record is

Held by
Southfair Community Development Corporation 2 records across this site
Amount
$1.19M
Runs until
no end date published in this record
Type
contract
Field
Construction

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