HomeMy WebLinkAboutContract 36737-A1 City Secretary Contract No: 3&q37—A 4
OFE�R�W R AMENDMENT NO. I TO
G1S �R1 `� AGREEMENT TO PARTICIPATE IN
TAX INCREMENT REINVESTMENT ZONE NUMBER EIGHT
CITY OF FORT WORTH, TEXAS
(LANCASTER CORRIDOR TIF)
This AMENDMENT NO. 1 TO AGREEMENT TO PARTICIPATE IN TAX
INCREMENT REINVESTMENT ZONE NUMBER EIGHT, CITY OF FORT WORTH,
TEXAS ("Amendment") is entered into by and between the CITY OF FORT WORTH,
TEXAS (the "City") and TARRANT REGIONAL WATER DISTRICT (the "Water
District").
The City and the Water District hereby agree that the following statements are true and
correct and constitute a basis upon which the City and the Water District have entered into this
Amendment:
A. On December 9, 2003, the City Council of the City ("City Council") adopted
City Ordinance No. 15775 designating certain real property in the southern portion of the
downtown area of the City as Tax Increment Reinvestment Zone Number Eight, City of Fort
Worth, Texas, (the "TIF District"). The TIF District is informally known as the "Lancaster
Corridor TIF".
B. On or about May 9, 2006, the City and the Water District entered into an
agreement under which the Water District agreed to deposit one hundred percent (100%) of the
Water District's Tax Increment into the TIF District's Tax Increment Fund ("Participation
Agreement"), as specifically provided in that Participation Agreement. The Participation
Agreement is a public document on file in the City Secretary's Office as City Secretary Contract
No. 36737.
C. On December 3, 2014, the Project Plan and Financing Plan of the TIF District (the
"Plan") was amended by the Board pursuant to Board Resolution No. 2014-04 as approved by
the City Council on January 6, 2015 pursuant to Ordinance No. 21611-01-2015 attached hereto
as Exhibit "A." The Project and Financing Plan, as so amended, is referred to hereinafter as the
"Amended Plan" and is attached hereto for reference as Exhibit"B".
NOW, THEREFORE, for and in consideration of the conditions set forth herein, the
sufficiency of which is hereby acknowledged, the City and the Water District do hereby contract,
covenant and agree as follows:
1. The portion of Section 3. (Deposit of Tax Increment) of the Participation Agreement that
reads as follows, "beginning with the 2004 tax year, one hundred percent (100%) of the Water
District's Tax Increment into the Tax Increment Fund" is hereby amended to read as follows,
"beginning with the 2004 tax year and ending with and inclusive of the 2014 tax year, one
hundred percent (100%) of the Water District's Tax Increment and, beginning with the 2015 tax
Tarrant Regional Water District Participation agreement
Lancaster Corridor TIF
Page 1
rOFFICIAL RECORD
SCANNEDSECRETARYWORTH,TX
year until the termination of the TIF, forty percent (40%) of the Water District's Tax Increment
into the Tax Increment Fund".
2. All other provisions and conditions of the Participation Agreement shall remain in full
force and effect.
3. Capitalized terms used but not identified in this Amendment shall have the same
meanings assigned to them in the Participation Agreement.
4. This Amendment contains the final written expression of the City and the Water District
with respect to the subject matter hereof. This Amendment may be executed in multiple
counterparts, each of which shall be considered an original, but all of which shall constitute one
instrument.
EXECUTED as of the later date below:
CITY OF FORT WORTH, TEXAS: TARRANT REGIONAL WATER
DISTRICT,TEXAS:
By. -(� �
Ferrcandafesta �eaas h
Assistant City Manager By: vL-CL—FL_J
_ l
Victor W. Hen rson
President .
Date: g ' Board of Directors
ATTEST: � Q Date: —1 1
00
By: g 8� TTEST:
Mar y r ° �,
By:]!q4 I
City Secretary 000000000 ,f /
Name:
APPROVED AS TO FORM/LEGALITY: Title:
Maleshia Farmer
Senior Assistant City Atiorne
Contract Authorization M&C G-14179, City
Ordinance No. 15775 (12/02/2003)
Amendment No. 1 to the Tarrant Regional water District Participation Agreement
Lancaster Corridor TIF
Page 2
OF RECORD
CITY SECRETARY
FT.WORTH,TX
Exhibit A
ORDINAN('F: NO. 21611-01-2015
AN ORDINANCE APPROVING AN AMENDED PROJECT AND
FINANCING PLAN FOR TAX INCREMENT REINVESTMENT ZONE
NUMBER EIGHT, CITY OF FORT WORTH, TEXAS (LANCASTER
CORRIDOR TIF); MAKING VARIOUS FINDINGS RELATED TO SUCH
AMENDED PLAN; PROVIDING FOR SEVE,RABILITY; AND
PROVIDING AN EFFECTIVE. DATE.
WHEREAS, as authorized by Chapter all of the T exas fax Code (the "Act") and
pursuant to Ordinance No. 15775, adopted by the C llN Council of the City of Fort Worth. 'l exas
(the "City") on December 9, 2003, the City created Tax Increment EZeimc,tment Zone Numbcr
Eight, City of Fort Worth, Texas (the "Zone"): and
WHEREAS, on JanuarN 22, 2004 the Board of Directors of the Zone (the "Board")
adopted a Project and Financing Plan for the Zone (the "Plan"), as required by Section
311.01 1(a) of the Act; and
WHEREAS, in accordance with Section 311.011(d) of the _Act, on January 27, 2004 the
City Council approved the Plan pursuant to Ordinance No. 15844: and
WHEREAS, on February 24. 2005, the Plan was suhsequcntlN amended by the Board
pursuant to Board Resolution 2005-02, which amendment was approved bN the City Council on
March 29, 2005 pursuant to Ordinance No. 16343-0 3-2005: and
WHEREAS, on June 29, 2006, the Plan was suhsequentll amended by the Board
pursuant to Board Resolution 2006-04, which amendment was appro-,ed bN the CitN Council on
August 15. 2006 pursuant to Ordinance No. 1 7 1 00-08-2 006; and
()rdinance No. 2 161 1-01-2015
Page 1 of 4
WHEREAS, on December 5. 2007. the Plan was subsequently amended b` the Board
pursuant to Board Resolution 2007-01. which amendment was approved b� the CitN Council on
January 29, 2008, pursuant to Ordinance No. 17964-01-008; and
WHEREAS, on June 23. 2011, the Plan was subsequentlN Untended bN the Board
pursuant to Board Resolution 2011-01. which amendment was approved h, the City Council on
August 8. 2011, pursuant to Ordinance No. 19835; and
WHEREAS, as authorized by Section 31 1.01 1(c) of the Act. on December 3. 2014 and
pursuant to Board Resolution 2014-04. the: Board amended the Plan and recommended the:
amended Plan he approved by ('ity Council removing provisions that establish a cap on total
eligible expenses funded by the Zone; eliminating restrictions on eligible projects based on their
location within /,one boundaries as depicted in Exhibit "A," which is attached hereto and
incorporated into this Ordinance; adding categories of eligible projects; and in accordance with
Section 311.010(h) of the Act, permitting the use of Chapter 380 grants in support of projects
within the /one upon niceting certain criteria;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF TILE
CITY OF FORT NORTH,TEXAS:
Section 1.
FINDINGS.
That the Cite Council hcrcbN males the t611owing findings of tact:
11 The statements and facts set torth in the recitals of this Ordinance are true and correct and
arc incorporated into this Ordinance.
l)rdirtance No. 2161 1-01-2015
Page 2 of4
1.2 That the Plan, as amended_ includes all information required by Sections 3 1 1.01 1(b) and
(c) of the Act.
1.3 That the Plan. as amended. is feasible and confornis to the C'It%"s master plan.
1.4 That on January 6. 2015. but prior to the adoption of this Ordinance. the C Ity Council
held a public hearing on the Plan, as amended, and afforded a reasonahle opportunity for
interested persons to speak for or against designation of the /one and approval of the
Plan, as amended, as well as for owners of property located in the Zone to protest
inclusion of their property in the. /.one (the "Public Hearing"), as required by Section
1 1.011(e) of the Act.
1.5 That notice of the Public Hearing was published in a nevispaper having general
circulation in the City at least seven (7) days prior to the date of' the Public Hearing,
which satisfies the procedural requirement of Section 311.00)(c) of the Act that notice of
the Public Hearing be so published.
Section 2.
APPROVAL OF AMENDED PLAN.
That based on the findings set forth in Section 1 of this Ordinance. the Plan, as amended.
attached hereto as Exhibit "B" and incorporated herein, is hereby appro%ed.
Ordinance: No. 2161 1-01-201
Page 3 of 4
Section 3.
DELIVERY OF AMENDED PLANS TO TAXING ENTITIFS.
That the Housing and Economic Development Department is hereby directed to provide a
copy of the Plan, as amended, to the governing body of each taxing unit that taxes real property
located in the Zone.
Section 4.
SEVERABILITY.
That if any portion, section or part of a section of this Ordinance is subsequently declared
invalid, inoperative or void for any reason by a court of competent jurisdiction, the remaining
portions, sections or parts of sections of this Ordinance shall be and remain in full force and
effect and shall not in any way be impaired or affected by such decision, opinion or judgment.
Section 5.
EFFECTIVENESS.
That this Ordinance shall take effect and be in full force and effect from and after its
adoption.
AND IT IS SO ORDAINED.
APPROVED AS TO FORM AND LEGALITY: ;MMary
EST:
J
Males is IF armer J. K r C' S et
ty a''y
Senior Assistant City Attorney
ADOPTED AND EFFECTIVE: January 6,2015
M&C: G-18394
Ordinance No. 21611-01-2015
Page 4 of 4
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Exhibit"B"
Financing Plan and Project Plan
for
Tax Increment Reinvestment Zone Number Eight,
City of Fort Worth, Texas
(Lancaster Corridor T1F)
January 6, 2015
Table of Contents
I. Description of the Proposed Zone (Pages 3-5)
A. Map
B. Legal Description
II. Economic Impact (Pages 6-9)
A. Necessary Public/Private Partnerships
B. Catalyst Redevelopment Projects
C. Anticipated Economic Activity
III. Tax Increment Projections (Page 10)
IV. Project Costs and Financing (Pages 11-13)
V. Term and Governance (Pages 14-16)
I. Description of the Proposed Zone
3
A. TIF Map
South ROW West ROW North ROW
line of 3 d St line of Burnett line of 7 Ih St.
West ROW V --_ r
line of
North RO
W
Henderson
line of 7" St.
East ROW
line
L—JL U L
r—T
Uri
�A
IL3
LA MCMTER
-;VT
North ROW -1 T-T
North ROW line line of 1-30
of 1-30 exit at
Henderson St.
4
B. Legal Description of the TIF District
Beginning at a point of the intersection of a projection of the west ROB line of
Henderson St and the south ROW line of 3`d St., thence
Northeasterly along the south ROW line of 3"1 St. to a point where said line_
intersects with the west ROW line of Burnett St., thence
Southeasterly along the west ROW of Burnett St. to a point where said line
intersects the north ROW line of 7"' St., thence
Easterly along the north ROW line of 7`' St. to a point where said line
intersects the north ROW line of 7`h St., thence
Northeasterly along the north ROW line of 7`h St. to a point where said line
intersects the east ROW line of Calhoun St., thence
Southeasterly along the east ROW line of Calhoun St. to a point where said
line intersects the north ROW line of interstate 30, thence
Westerly along the north ROW line to a point where said line intersects the
north ROW line of the Interstate 30 exit at Henderson St., thence
Westerly along the north ROW line of the Interstate 30 exit at Henderson St. to
a point where said line intersects the west ROW line of Henderson, thence
Northward along the west ROW line of Henderson St. to a point where said
line intersects with the south ROW line of 3rd St., which is the point of
beginning.
tl fap and Borrnclar_l, Description prepared hl, Gideon Toal. Inc.
S
II. Economic Impact
6
A. Necessary Public/Private Partnerships
• Lancaster Corridor Will Require Public/Private Partnerships to Develop in a Timely
Manner
The demolition of the former I-30 overhead has repositioned the Lancaster Ave as one of the
major urban parkways in Fort Worth and Tarrant County and as one of the primary gateways to
Downtown Fort Worth and the Medical District. A repositioned Lancaster Avenue opens the
potential of significant redevelopment in the Lancaster Corridor,however the redevelopment of
the Lancaster Corridor has many challenges and can be significantly accelerated with the
prudent use of public/private partnerships. Several of the contemplated redevelopment projects
in the area will serve as a catalyst for further development in the area. The funded Lancaster
Avenue roadway and streetscape will be an additional catalyst for further development.
LANCASTER STREETSCAPE
kt
t
7
B. Catalyst Redevelopment Projects
Other projects in the redevelopment corridor will have spin-off economic
benefits that will facilitate further private investment.
FORT WORTH RAMADA HOTEL
CONVENTION CENTER
' IURK&M92a IAo E`
9
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Several significant projects. including local and national historic landmarks are poised to
redevelop generating new taxes for the local taxing entities and will create economic activity
where it has been dormant for many years.
T&P TERMINAL T&P WAREHOUSE
US POST
OFFICE ' - -
��� It , I
8
C. Anticipated Economic Activity
Attachment A details construction that is projected to occur over the next
twenty years. By the end of 2005, it is estimated that 108,123 square
feet of new property developments will become available within the 'CIF
boundary. Likewise, by 2023, it is estimated that 4,079,999 square feet
of neNv property development will occur within the TIF boundary.
9
M. Tax Increment Projections
Attachment B projects the revenue for the TIF over its 21 year life,
assuming a 1.5% annual appreciation of the property within the
boundary of the TIF. Additionally, the projects assume new property
value resulting from development occurring over the next 21 years. In
total, the TIF is projected to have revenue of around $45 million during
its lifetime, as shown in Attachment B.
1 i�
IV. Project Costs and Financing
The TIF District anticipates the capture of increment from the new
development outlined in Attachment A and utilizing those additional funds
to leverage selective catalyst projects in the Lancaster Corridor. Projects
will qualify for assistance by the use of TIF funds if those projects sleet at
least one of the criteria outlined below. Qualifying for assistance does not
mean that the project will automatically receive TIF assistance. Only
projects in which the TIF Board has approved participation by the use of TIF
funds through a development agreement will receive assistance.
• Mixed-use with a residential component (within a single building)
• Full-service hotels
• Transit-oriented development or public improvements associated with
passenger rail
• Board-approved streetscape improvements
• historic preservation or restoration
• Mixed-income housing
• Board-approved public amenities for example, public plazas, public
art, public parks, or interior restorations to transportation terminal
lobbies open to the public)
In addition to projects that qualify under the criteria listed above, the
following catalyst projects will also qualify for assistance by the use of TIF
funds subject to the criteria indicated below:
1 . T&P Terminal Building: initial costs of$2.8 million in net present value
terms (2003 dollars) for the redevelopment ofthe T&P Terminal Building
(the "T&P Terminal Redevelopment Project"). Project costs for the T&P
Terminal Redevelopment Project would include:
■ Historic Facade Easement Lease
■ Facade and Site Work
■ Professional Service Costs
■ Improvements to the public right-of-way for landscaping and
pedestrian connections
■ Environmental Remediation
• City Fee Support
11
?. Public Infrastructure Associated with Convention Center Ilotel Project:
construction and installation of public infrastructure, including street
improvements, utility relocations, parking improvements and landscaping of
public areas on and adjacent to the two (12) City blocks located on the west
side of Houston Street known as Blocks 7 and 8" Tarrant Countv Convention
Center Addition, on which construction by Omni Hotels, Inc. of a hotel to
support the Fort Worth Convention Center and various other related
improvements, including a parking garage, is desired (the "Convention
Center Hotel Development Project"). Such public infrastructure would be
paid for or reimbursed from tax increment remaining after satisfaction of any
previously-approved contractual commitments in any given year made by
the TIF District's board of directors, subject to any restrictions specifically
imposed by the participating taxing jurisdictions.
3. Management and Administration Costs: The 'I'IF District's board of
directors is authorized to expend up to 5% of annual "TIF revenues for
management and administrative purposes, which allocation shall have
priority over any other TIF project.
4. T&P Warehouse: approximately $9 million for assistance with public
infrastructure costs associated with the redevelopment of the T&P
Warehouse (the "T&P Warehouse Redevelopment Project") as guided by
and subject to provisions contained in a development agreement between the
developer and the TIF, payable as a reimbursement following completion.
Project costs for the T&P Warehouse Redevelopment Project would include:
■ Environmental remediation and demolition
■ Facade improvements
■ Public streets c ape/con struction and relocation of utilities
• Site work on or adjacent to the T&P Warehouse Property
■ Clearing and grading of the T&P Warehouse Property
• I-Iardscape and landscape improvements
■ Roof repairs and stabilization of the structure on the roof as
necessary to preserve the historic facade of the T&P Warehouse
■ Professional fees directly related to approved project costs
■ Costs of constructing a public plaza
■ Administrative expenses (third party studies, reports, historical
review and legal fees directly related to the project costs)
■ Reimbursement of City tap and impact fees
■ Interest on any unpaid balance of the reimbursement.
12
�. Public Infrastructure Associated with Lancaster Avenue
Redevelopment: construction and installation of public infrastructure,
including street improvements. utility relocations, parking
improvements and landscaping of public areas on and adjacent to all
portions of Lancaster Avenue that are within the TIF District. Such
public infrastructure would be paid for or reimbursed from tax
increment remaining after satisfaction of any previously approved
contractual commitments in any given year made by the TIF District's
board of directors, subject to any restrictions specifically imposed by
the participating taxing jurisdictions.
6. Public Art Associated with T&P Terminal Building: design,
fabrication and installation of T&P "Terminal Waiting Room
Commemoration Project. Such public infrastructure would be paid
for as subsequently determined by the TIF District's board of
directors, subject to any restrictions specifically imposed by the
participating taxing jurisdictions.
Any rental residential development, including the residential portion
of a mixed-use development, must have a minimum of 15 percent of
all units that are quality, accessible, and set aside for low-to-moderate
income tenants in order to be eligible to receive TIF support.
Any additional TIF Project costs would be subject to review and approval
by the participating taxing jurisdictions. Projects that could be subject to
additional TIF funding, but subject to review and approval by the participating
taxing entities would be the redevelopment of the U.S. Post Office, including
street, utility. and landscaping improvements, parking, and facade
preservation.
13
V. Boundaries, Term and Governance
Boundaries
• The boundaries of the TIF District have been proposed to allow taxable
properties to contribute to the surrounding Lancaster Corridor catalyst
redevelopment projects and allow the taxing jurisdictions to receive
additional funds that otherwise would not be collected.
• The size and scope of the boundaries includes multiple tax-exempt
properties that will benefit from the Lancaster Corridor redevelopment.
• Below is a current land ownership map depicting the taxable and tax-
exempt properties.
Lancaster Exempt Property
Non-Exempt
Church Exemption
M Charitable Org. Exemption
Government Exemption
14
r °o
L---i
LMCASTER
N
0 0.05 0.1 02 03 }' '
Mdes
14
Boundaries (continued)
• The size of the TIF District is 225 acres or 9,801,000 square feet of area.
225 acres
t` a yi
f e \.
a b �; b
OP-
Term
• The TIF District expires on the earlier of(i) December 31, 2024 or an
earlier termination date designated by an ordinance subsequently adopted
by the City Council of the City of Fort Worth or (ii) the date on which all
project costs,tax increment bonds (if any) and interest on those bonds
have been paid in full.
Approved Use of Chapter 380 Agreements
• The use of Chapter 380 agreements is permitted within the boundaries
of the TIF if one of the following two criteria is met:
o The Chapter 380 agreement supports a project that will utilize
Federal and/or State historic tax credits and the financing of the
project is demonstrated to be contingent on the use of those
credits; or
15
o The Chapter 380 agreement supports a project that is located on
a property owned by any of the taxing entities participating in
the T'IF.
16
ATTACHMENT A
Estimated Construction Buildout Within the Lancaster
D-"o__-A_ ;mFmtW M4 -_- Nm GrMaPmrh, J_-
1lF1 imprv.vc Ve1W L"Vlll Apprm Val- ISF)
__ ____ TOTAL PBOJFUi
`--NLLYB L' 60 0 S - { 3 MA
1n Prinp 0.0 TAX EXEMPT 047 0 1 10,602 7 fe1- { 192.]2 1 WA i
City00 TAX EXDVI I60 0 7 - 3 - 1 - ! WA
11 OruFy 00 FULLY MT 047 C 3 20,520 3 Y13]10 { 12.1Y2 7 WA
2w FW Grpe UO TAX IJf T 161 155- 1 1 { - 1 WA
2c Oty P4Mp 00 TAX EXEMP- 1160 0 1 - 1 1 - 3 WA
3c P.A+ 00 TAX EXEMPT 207 0 1 1 - { - i WA
3, -V*GW rl9bq 00 F1 BUILT 0m t;,R10 i IW,000 1 W: 3 aW(XX) ! N:A
N C-C3 Ps'L^9 00 PIALY RN T 151 0 3 - ! - 1 - 3 WA
TAu 00 PU"BOLT 0. 1A.w i NIA
64 Fist Ur4rCM ,.l 00 TAX MUPY B01 Iei a6 1 11.181,54 ie,6555O0 3 20737.1 3 - WA
40 0 d A Grspe 00 FULLY BM IOC l 6T2 5 X3,002 1 1,30 WO S I]4p,672 1 WA
6 R1/nM P1cA 00 FU YBUILT 4.9e 2,550.W 1 31,12G,000 S 2.M0000 f er,0I3000. 1 WA
lc V111ieene 00 fliLywt-T 126 15,066 3 960,64% 313rZ- S I153,449 3 WA
7f F 4 TAXEXEYPT 16l 0 7 1 ! - 3 WA
79 S,. tM ArelVe 0 0 TM EXEMPT 1% Y3,311 3 20,733 3 95?3]0 5 915,1131! WA
2 al OM7Te@ni 00 F:11:Y WL" I. 635.M 3 l319,760 i 2312.210 f 11I.11.1;2,1 WA
Oc ZIT 00 TAX EXEMPT It5 AzM 3 W,330 7 4H,500 { 3,3Y7 1 WA
TM Cry 00 TAX EXEWT ;m 0 9 - 1 - i - 3 WA
ee SL PAM�'l oa TAX EXEMPT 11 0 ! f - F -',3 WA
�r SWer .-BM 00 FULLY BUI:T 1049 157.2i2 1 F36A,22A 3 f22,IR1 5 6,407,164'i3 WA
TXU 00 FIALY BUILT ON 357036 1 4,1A,1p6 !I/W,n00 / Sf120.- 3 WA
`I 9tl MA:Mn-Loea OJ FIAIY BVItT 106 21;,1. 3 4,3B�1f4 i Ib4,Be0 ! 14Cl,iW 3 WA
i Rte3eaVL4orrn0 0 FU,IY BOLT 09I I4,961 1 620,9M 1 AOOoJO f 1.220,944 I3 WA
9t1 L w Nrt 0 J TAX EXEMPT 09I ]].e15 i f - 3 - S WA
9 LIT U J I"EYLOA T I.0] 0 SµA
]f wA:a Grb'1 0 0 FU-LT BUILT ♦93 0 A
P.11t., 20 TAX EXE.WT D.B1 0 1 - 7 i = i - CG REIATEU
3s TGC 20 TM EXEMPT 114 4?40: 1 7 S 1 CC REUTED
Se T6 7-1W 20 FARMlEOLDOVTTA%EXEAWTION 10,90 90,001 7 3,132,243 1 744S30 1 3.677,1. 3 321117 TAXASLEd1PROVLMENTS
Be NdP AtdetmP-tg 20 PARTIAL BWLDOUT _ 2,12 AO8,n2 S 74y25_051 52,7K740 f 101e9501 ! 75OW Inf 017 BURNETTGARAGE
I9e V+AP)mMX R+�00 - So PARTIAL BULDOUr 092 144695 7 2.6/1.225 S 1,794,375 f 4.405,600 f 75000 �_NE'N QARAGE
e B4�t One _ _50_ OEVEIOPMEM POTENTIAL 190 ST 1e9 1 T3S]16 32691.A07 f 3596,72.1 1 T5000 t5C pp0 BAFI%OIE}3NTJi<T14iV
9s Pe-ErOMNF.FkoA 100 PARTIALBULOOVT 0w SL291 i 1.182,�3 i 10A.OW 1 I,BB6,7•!3 3 ]0,000 NEWDEVCLOPWNT
y 5y_Ts4gryn 100 PARTMI BULDOUT 10.37 I3,OM 3 23,730 f 969,607 S W5,367 ! 100,Om NEWCEVELOPMENT
7e F,MBent I.. PARTLLLBWLDIX/T 330 17266 3 1462411 31331501 1 1713 W2 f SW OW S.00A NEW DEYdOPt4NT
RifWA 15.0 PARTIAL BVLDOIfT,F.XEMPTION 2.10 3e S,3W 3 4,938,133 31,350.554 3 3,306,6BT 3 312,Z AFTER E%EMP110N5
t50 P WTIAL BUILDOUTFM EXEMPTION 076 75,35: 3 1,093,003 7 71"p 3 "I'm,J20 ! 26,OOD AFTER EXEMPTIONS
If SorN 3A ft 15^. PARTIAL"-DOLT 147 23.615 f e3,]B6 1 1maw 3 702235 3 ae15 NEW CEVELOPMENT
t9 Smw 011a 130 PARTIAL BIADOLIT 062 IO,S31 i 505,753 7 350,431 ! 635,6BB i MD.3U NENOEVE). MEN-
,2O 4-FraaAl 15o PMT1AL BlADIXlr Oei 'S,649 i 130p7y ] A31,910 / 574,568 f 31,B7i NEW CEVELOPMEM
ISO FARTVl ELL'•'OLTT 20; b9i5 S 200,210 li267,SW 7 i.467.71n 3 17,1W WlYOEVElOPMENT
tb� TSP N'�rlaun ISO PAR-Pult DOMFAX EJLE MPTIUN 2 4t 0 { - 7 274.12. AFTEREXEMPIX3NG
70 51-00' 15U PARTIAL BtKDWT Ix2e,027 1 3d5,376 i1Z.31- 1 1R03,676 . 240,000 ( IOW cEVE1DP�
9c RA6imon fSo FARTt1l6WLDO1/TIT-EXEMPTION IM 9M,935 { I2.769,230 12.W0,000 f 15,6.'9,790 1 2W,0m AFTER EXFMPTIONS
14b TIP WrMaee ISc PARTIAL BWL SMT7-EXEMPTION 2.94 549452 i 1,167,I1>2 7?554,6.50 1 L,021,932 3 274,M I AFTER EXEMPTION3
�Se TIP Trm B31 150 PkRnIA 3L1IL00UTRAXEXEMPTION 10,90 113.152 9 3,132240 ! 744.300 f 3,677,'ffi i 1t6,152 AFTER EXEMPTIONS
15.0 PARTYi BU'lDOl1T 0.92_ 46 3 SSB535 31 000 3 I7w9 5 3 400000 4001,044 NEWOEVELOfWNT
Ss Pop CR4n 200 PARTIAL BIJLOOVTI'AX EXENPiTON 110 0 S - 3 - 3 - S 274,7ffi AFTER EXEMPTIONS
�31 cy El, 111 PARTIAL BUILDOUT 510 1D5,000 S 3.9B0,c00 i W,000 f 15m_000 1 105,000 NEWMTLOPLEJ2T
fa S'SeWN 200 PARTIAL BU LDOLlr ISl W126 S 2,117,377 ! KIM i S-Mj72 1 101,121 ( NEWD&VELOPMENT
lb ST.al C}tc4 2310 PARTVl BU'LOOl" 156 52.616 i 6fB,510 31,W.55 1 I.TT3165 ! 62,6is NEW DEVELOPS�M '
10 D3Y 200 FAITML BU'LOOM 141 3033A 7 6,741 1 352611 1 341,352 3 30,]N I NEWDEVELOPMENT
to 'TXU 200 CARIIAL Bu:LDOI/T t91 57,7l3 7 7361.3 f 1,eW,TW / 1426 BL9 1 5i,7. NEW t]EYELOPMFN'
20 T Bub1M6 -- 20.0 --- PARTIAL BUL100111' _-- t 4! t}te i_ 55�M i i]z7 NO i -1 3B2 i60 S ;360 1 NEW OEYELOWEN;
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4 079 693
ATTACHMENT B:Tax Increment Reinvestment Zone Number 8(Lancaster Corridor TIF)Projected Revenues
FISCAL YEAR F1 F,2005 FY2006 TV200) FY2008 F`2 Oq FY2010 MOL1 M012 FV2011 rV2014
TA%A SLEYALM
12,
tj
TAX PCPEMFNT
IT:-1,1 r, 14 4 ._:a 4
1W 31,
Pl RT3=PA Tun RATES
REYFNFS
T3
A
RN—S W.M PAR=A—TTTFS 359.153 1 767,141 1,867,072 2 i7tl 535 3 11 766 "689,616 24111,761 87N,761
OTHM M 4JT
TOTAL 0RER RFVFPA*
TOTAL REVEWE 35,153 1,813,6m 1,909,776 2,537,276 3,02n,000 2,205,366 2JW 9 2.IrAI621 2,976,874
ATTACHMENT B:Tax Increment Reinvestment Zone Number 8(Lancaster Corridor TIF)Projected Revenues
Helm.✓• iM�!wlaw
1SCALT'EAR W2004 FV2013 982016 F12017 R1014 FYAlA F12020 WID21 PV1022 P17023 M=4 W=25
TA74013VALIi TADat0(25
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T-t Caney 40% V9 40% #iR 4N 406f 40% 10% 40% �b 10BM
f1EYBaS
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