26-1476A

Upcoming Agenda Items: Authorize (A) an amendment of the Project Plan and Reinvestment Zone Financing Plan (“Plan”) for Tax Increment Reinvestment Zone Number Eighteen, the Maple/Mockingbird Tax Increment Financing (“TIF”) District (“Zone”) to: (1) increase the geographic area of the Zone by approximately 9.3 acres to add the property currently addressed as 1545 West Mockingbird Lane; (2) make corresponding modifications to the Zone’s boundary and Plan; and (3) include findings that (a) vacant and underutilized property in the proposed expansion area substantially arrests or impairs the sound growth of the City, (b) development or redevelopment in the proposed expansion area will likely not occur solely through private investment in the foreseeable future, and (c) inclusion of the proposed expansion area will have an overall benefit to, and further the purposes of, the Zone; and, at the close of the public hearing on May 27, 2026, consider an ordinance amending Ordinance No. 27689, previously approved on September 23, 2009, as amended, and (B) a tax increment financing (“TIF”) development agreement and all other necessary documents (“Agreement”) with Mockingbird Owner LP, a Texas limited partnership, and/or its affiliates (“Developer”) in an amount not to exceed $29,000,000 (“TIF Subsidy”), payable from existing and future Maple/Mockingbird TIF District funds, in consideration of the Oak Park Mixed-Use and Mixed-Income Development Project (“Project”) on approximately 5.9 acres currently addressed as 1545 West Mockingbird Lane (“Property”), in accordance with the Economic Development Incentive Policy [Tamara Leak, Deputy Director and Urban Core Initiatives Officer, Office of Economic Development]

BRIEFING MEMORANDUM Agenda Ready Introduced April 20, 2026

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