6400 University Hills Boulevard (File 26-2142A)
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Authorize the Dallas Public Facility Corporation to (1) acquire, develop, and own Rivulet Apartments, a 240-unit, mixed-income, multifamily development to be located at 6400 University Hills Boulevard, Dallas, Texas 75241 (Project); and (2) enter into a seventy-five-year lease agreement with Rivulet MF LandCo I, LLC or its affiliate, for the development of the Project - Estimated Revenue Foregone: General Fund $1,185,925.15 (for 60 years; see Fiscal Information) *In alignment with Dallas Housing Resource Catalog.
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Confirm University Hills Apartment Lease Terms
Context: On August 12, 2026, City Council authorized the Dallas Public Facility Corporation to acquire, develop, and own the 240-unit Rivulet Apartments and enter a 75-year lease, while the matter record verifies no implementation milestone.
Recommended: Obtain the proposed or executed 75-year lease and acquisition documents, then confirm responsibility for development costs, operating obligations, and financing assumptions before advancing the 240-unit project. Council authorization makes the arrangement possible, but no executed lease or implementation milestone is verified.
Investigate University Hills Apartment Revenue Tradeoff
Context: City Council approved an estimated $1,185,925.15 in General Fund revenue foregone over 60 years for the 240-unit Rivulet Apartments arrangement on August 12, 2026.
Recommended: Request the fiscal-information calculation and the lease and acquisition materials to determine what public commitments support the estimated revenue foregone, including how the mixed-income arrangement is documented. Without those records, the public cannot assess what Dallas receives for the long-term public-facility-corporation structure.
Request University Hills Apartment Construction Plans
Context: On August 12, 2026, City Council authorized development of the 240-unit Rivulet Apartments at 6400 University Hills Boulevard, and the supplied matter record identifies no verified implementation milestone.
Recommended: Ask the Dallas Public Facility Corporation or developer for the site plan, expected construction schedule, and access and traffic-management plan for the proposed 240 apartments at 6400 University Hills Boulevard. The authorization is complete but the record provides no implementation milestone, so neighborhood impacts may become harder to shape once work details are set.
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Authorize the Dallas Public Facility Corporation to (1) acquire, develop, and own Rivulet Apartments, a 240-unit, mixed-income, multifamily development to be located at 6400 University Hills Boulevard, Dallas, Texas 75241 (Project); and (2) enter into a seventy-five-year lease agreement with Rivulet MF LandCo I, LLC or its affiliate, for the development of the Project - Estimated Revenue Foregone: General Fund $1,185,925.15 (for 60 years; see Fiscal Information) *In alignment with Dallas Housing Resource Catalog.