Case File 26-1693A
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Authorize the Dallas Public Facility Corporation to (1) acquire an improved property, and develop and own Thirty21, a 86-unit mixed-income multifamily development to be located at 3021 Martin Luther King Jr. Boulevard, Dallas, Texas 75215 (Project); and (2) enter into a seventy-five-year lease agreement with Phoenician Development Group, LLC and/or its affiliate(s), for the development of the Project - Estimated Revenue Foregone: General Fund $533,246.70 (for 60 years; see Fiscal Information) *In alignment with Dallas Housing Resource Catalog.
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Authorize the Dallas Public Facility Corporation to (1) acquire an improved property, and develop and own Thirty21, a 86-unit mixed-income multifamily development to be located at 3021 Martin Luther King Jr. Boulevard, Dallas, Texas 75215 (Project); and (2) enter into a seventy-five-year lease agreement with Phoenician Development Group, LLC and/or its affiliate(s), for the development of the Project - Estimated Revenue Foregone: General Fund $533,246.70 (for 60 years; see Fiscal Information) *In alignment with Dallas Housing Resource Catalog.