Authorize (1) a real property tax abatement agreement and all necessary documents with CP Land Owner, LLC and/or affiliate (“Cityplace Phase 1 Owner”) for a period of ten years in an amount equal to the City’s taxes assessed on ninety percent of the added taxable value to the real property resulting from and in consideration of Cityplace Phase 1 Owner’s real property investment in and delivery of Phase 1: The Apron (“Cityplace Phase 1 Project”) on approximately 5.3 acres of unimproved land addressed as 2711 North Haskell in the City of Dallas Neighborhood Empowerment Zone Number 21 (“NEZ No. 21”); (2) a real property tax abatement agreement and all other necessary documents with CP Tower Owner, LLC and/or affiliate (“Cityplace Phase 2A Owner”) for a period of ten years in an amount equal to the City’s taxes assessed on ninety percent of the added taxable value to the real property resulting from and in consideration of Cityplace Phase 2A Owner’s real property investment in and delivery of Phase 2A: The Tower (“Cityplace Phase 2A Project”) on approximately 3.3 acres of improved land addressed as 2711 North Haskell in the City of Dallas NEZ No. 21; (3) a real property tax abatement agreement and all other necessary documents with CP Tower Owner, LLC and/or affiliate (“Cityplace Phase 2B Owner”) for a period of ten years in an amount equal to the City’s taxes assessed on ninety percent of the added taxable value to the real property resulting from and in consideration of the Cityplace Phase 2B Owner’s real property investment in and delivery of Phase 2B: The Tower (“Cityplace Phase 2B Project”) on approximately 3.3 acres of improved land addressed as 2711 North Haskell in the City of Dallas NEZ No. 21; and (4) a real property tax abatement agreement and all other necessary documents with CP Tower Owner, LLC and/or affiliate (“Cityplace Phase 2C Owner”) for a period of ten years in an amount equal to the City’s taxes assessed on ninety percent of the added taxable value to the real property resulting from and in consideration of the Cityplace Phase 2C Owner’s real property investment in and delivery of Phase 2C: The Tower (“Cityplace Phase 2C Project”) on approximately 3.3 acres of improved land addressed as 2711 North Haskell in the City of Dallas NEZ No. 21, in accordance with the City’s Economic Development Incentive Policy - Estimated Forgone Revenue: $13,849,498.00, over a ten-year period (all four phases)

CONSENT AGENDA Approved Introduced May 5, 2025

What this record is

Held by: CP Land Owner, LLC
Runs until: May 5, 2035 9 years away calculated from the contract term stated in the record
Type: contract

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