Office of Economic Development

Upcoming agenda item to authorize a tax increment financing development agreement with Fair Park First for up to $3,000,000 from the Deep Ellum TIF District Fund for the Community Park at Fair Park project, in accordance with the Economic Development Incentive Policy.

…nt Incentive Policy [Tamara Leak, Deputy Director and Core Initiatives Officer, Office of Economic Development] jozette.rosa@dallascityhall.com

Quarterly briefing memorandum from the Office of Economic Development providing an update on economic development incentives awarded through administrative action.

Quarterly Update: Economic Development Incentives Awarded via Administrative Action [Heather Lepeska, Deputy Director, Office of Economic Development]

The City is asked to accept or reject an offer from TEOF Hotel LP to pay $5,707,000 (plus accrued interest and legal fees) upon the sale of the Lorenzo Hotel at 1011 South Akard Street in exchange for a release of the City's lien on the property, with no net cost to the City.

…S. Department of Housing and Urban Development (HUD) and/or the City Attorney’s Office (the execution of all such and aforementioned documents contingent on HUD’s fin…

The City proposes designating two Neighborhood Empowerment Zones and entering an economic development incentive agreement with Morgan Stanley Services Group Inc. to support the firm's establishment of temporary and permanent regional offices in Dallas, including business personal property tax abatements and a Chapter 380 grant of up to $18.5 million for job relocation, real property tax relief, and fee reimbursement.

…d with Morgan Stanley’s establishment and operation of a new temporary regional office at 1445 Ross Avenue in NEZ No. 24 (“Phase I Project”) and a new permanent regio…

Authorizes the rejection of all proposals received for food truck incubator programs in City Council Districts 1 and 3, administered by the Office of Economic Development, with no cost to the city.

Authorize the rejection of proposals received for food truck incubator programs for City Council District 1 and City Council District 3 for the Office of Economic Development - Financing: No cost cons

Establishes a new District 5 Exterior Improvement Grant Program offering commercial property owners grants of up to $100,000 for facade and exterior capital improvements, funded by reallocating $950,000 from the rescinded NEZ No. 10 Pilot Economic Development Program.

Authorize the (1) establishment of a City Council District 5 (District 5) Exterior Improvement Grant Program for Commercial Properties in accordance with the Program Statement (Exhibit A) for economic

Authorization to establish a District 3 Exterior Improvement Grant Program providing up to $100,000 per eligible small business for facade and exterior retail property improvements, backed by $1,200,000 in General Obligation Bond and ARPA funds.

Authorize the (1) establishment of a City Council District 3 (District 3) Exterior Improvement Grant Program for Retail Properties in accordance with the Program Statement (Exhibit A) for economic dev

Authorizes a New Markets Tax Credit (NMTC) transaction involving the Dallas Development Fund, The Salvation Army of North Texas, and Capital One, allocating up to $8 million of DDF's $55 million NMTC allocation to support construction or renovation at the Salvation Army Campus Project on North Stemmons Freeway.

Authorize a New Markets Tax Credit (NMTC) transaction between the Dallas Development Fund (DDF), a Dallas-based Texas non-profit corporation and certified Community Development Entity or a subsidiary