Prioritization of Infrastructure Improvements

Davis Garden TIF Board September 23, 2011

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Purpose
Review and prioritize the potential list of infrastructure improvements that may be funded by the $1 million deposit into the Davis Garden TIF District Increment Fund.

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Davis Garden TIF District Boundary Map

Sub-District A The Canyon Sub-District B Davis Garden

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Davis Garden TIF District: Current Status

Appraised values in the Davis Garden TIF District are only $3 million above the adjusted base value. There will be insufficient increment in the short term to cover any TIF reimbursements. TIF administrations will only be partially covered. The potential $1 million contribution related to the amended INCAP Phase I development agreement is likely to be the only discretionary funds available for infrastructure improvements in the short term.

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INCAPs Phase I Development Agreement

INCAPs Phase I development agreement consisted of the following components: TIF Improvement Category
Environmental Remediation Demolition Median Improvements, Streetscape & Other Public Improvements TIF Eligible Project Costs Amount $1,575,612.70 $1,432,633.30 $1,000,001.00 $4,008,247.00

The projects environmental remediation and demolition components have been completed for sum time On June 22nd City Council authorized a third amendment to the development agreement that allows INCAP to deposit $1 million into the Davis Garden District Tax Increment Fund for future infrastructure improvements that benefit the District in lieu of the developer constructing median improvements, streetscape and other public improvements
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Potential Infrastructure Improvements

City staff put together a list of projects that could be funded with the $1 million could be utilized to fund a number of proposed public infrastructure improvements projects throughout the District
Kings Demonstration Plaza Kings Permanent Plaza Kings Parking Rosemont Plaza Rosemont Safe Route Davis Corridor Bicycle Facility 7th Street Bicycle Facility Matching Funds for Kessler Theater Infrastructure
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Potential Infrastructure Improvements

K Hi ing gh s wa y

7th Street

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Tyler Street

Kings Highway Permanent Plaza with additional amenities

Davis Street

Potential Infrastructure Improvements

Kings Highway Parking

K Hi ing gh s wa y

Davis Street Office of Economic Development WWW.DALLAS-ECODEV.ORG 8

Potential Infrastructure Improvements

Mary Cliff Rd

Rosemont Plaza

Davis Street

N. Ro semo nt Av e

7th Stre et

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Potential Infrastructure Improvements

Rosemont Safe Route

Reduce 38, 3-lane road to 24, 2-lane road with 14 dedicated bicycle path Reduce with of intersections to ease crossing Reduce width of slip lane by adding cycle track

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Potential Infrastructure Improvements

Rosemont Safe Route (cont.)

Increase safety Increase ridership Physically separate cars from bicycle traffic Ease crossing distance for pedestrians Decrease accident rates for all modes of transit

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Potential Infrastructure Improvements

Davis Street Corridor Bicycle Improvements Early Implementation (2011-12)

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Potential Infrastructure Improvements

Matching Funds for Kessler Theater Infrastructure
$59,691.00 in TIF funding will be leveraged by $179,200.00 in matching funds from TxDot (NCTCOG Grant)

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Potential Infrastructure Improvements

Kessler Theater landscape construction estimate:
DESCRIPTION A Hardscape/Pedrestian Amenities Pedestrian Amenities Construction Pedestrian Amenities PS&E and Design B Landscaping Landscaping Construction Landscaping PS&E and Design C Intersection Improvements Intersection Improvements Construction Intersection Improvements PS&E and Design D Other (Demolition of curbs & sidewalks) Other Construction Other Construction PS&E and Design COST TOTAL $129,381.00 $12,938.10 $142,319.10 $66,088.00 $6,608.80 $72,696.80 $2,000.00 $200.00 $2,200.00 $6,803.00 $680.30 $7,483.30 Subtotal Construction Costs PS&E and Design Environmental Assessment 4.5% of Total Construction Hard Costs TOTAL

TxDot Funding 75% TIF Funding 25%

Funding Source TxDot Funding TIF Funding TOTAL $179,200.00 $59,691.44 $238,891.44

$204,272.00 $20,427.20 $5,000.00 $9,192.24 $238,891.44

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Potential Infrastructure Improvements

Staff recommendations for proposed Infrastructure Improvements:
Project Matching funds for NCTCOG Grant Kings Demonstration Plaza Kings Permanent Plaza Kings Parking Rosemont Plaza Davis Corridor Bicycle Facility City of Dallas Design Studio Concept for reconfiguration of W. Davis Street from Montclair to Zang Boulevard Total Est. Cost $60,000 $301,568 $194,483 $40,357 $201,512 $159,000 $35,880 $992,800 Source 100% OED; leverages approx. $180K in outside funds 100% OED 100% OED 100% OED 100% OED 100% OED 100% OED

Non funded projects:

Rosemont Safe Route Seventh Street Bicycle Boulevard Public Art for King's Permanent Plaza $36,272 $85,844 $300,000 Unfunded Unfunded Unfunded

Stratford Funds Potential Grant for Public Art Other Unfunded Projects Total Project Cost

Funding $1,000,000 $300,000 $122,116 $1,422,116

Source OED Private/Non-Profit Private/Non-Profit

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