24-437
Authorize a public hearing to be held on February 28, 2024, to receive comments on the proposed amendments to the Project Plan and Reinvestment and Reinvestment Zone Financing Plan (“Plan”) for Tax Increment Reinvestment Zone Number Twelve, the Deep Ellum Tax Increment Financing (“TIF”) District (the “TIF District”) to: (1) increase the total budget for the Deep Ellum TIF District from $29,992,935.00 net present value (approximately $57,641,077.00 in total dollars) to $46,408,080.00 net present value (approximately $93,519,023.00 in total dollars); (2) redefine and reallocate budget categories; and (3) make corresponding modifications to the TIF District’s Plan; and, at the close of the public hearing, consider an ordinance amending Ordinance No. 26043, previously approved on June 22, 2005, and Ordinance No. 26304, previously approved on April 12, 2006, as amended, to reflect these amendments - Financing: No cost consideration to the City
- Committee
- Office of Economic Development
- Requested by
- Office of Economic Development (ECO)
- Introduced
- January 25, 2024
- On agenda
- February 14, 2024
- Enactment no.
- 24-0270; APPROVED