Authorize an amendment to the South Dallas/Fair Park Opportunity Fund Chapter 380 Economic Development Loan Agreement and related documents, including the Deed of Trust and Promissory Note, between the City of Dallas and Southfair Community Development Corporation as authorized by City Council on November 13, 2024, by Resolution No. 24-1648 regarding the Malcolm’s Point Retail Project to: (1) extend the amortization period by five years (from 25 to 30 years) and allow for an additional year of interest-only payments according to the revised amortization schedule attached as Exhibit A; (2) subordinate the City’s senior lien position to Texas Mezzanine Fund; and, as consideration, (3) increase Southfair Community Development Corporation’s minimum investment requirement by $50,000.00 (from $1,650,000.00 to $1,700,000.00), in accordance with the City’s Economic Development Incentive Policy and the South Dallas/Fair Park Opportunity Fund Program Statement - Financing: No cost consideration to the City *In alignment with Economic Development Incentive Policy.

What this record is

Held by

Economic Development Incentive Policy 5 records across this site

Runs until

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

Type

amendment

Field

Health & social

health & social contracts in TX that end within a year →
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Economic Development Incentive Policy also holds

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Committee

Office of Economic Development

Requested by

Office of Economic Development (ECO)

Introduced

October 22, 2026

On agenda

November 10, 2026

Where it was heard

City Council Nov 10, 2026

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