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Home My WebLink AboutTax Increment Finance (TIF)-Agenda Packets-11/20/2012~'~ ~~ City of Colleyville City Hall COLLEY'~JILLE 100 Main Street Colleyville, Texas 76034 f r k.~ ~ Tax Increment Financing 817. 503.1000 District Board WWW•colleyville.com Agenda Tuesday, November 20, 2012 Executive Conference Room 3:00 p.m. Third Floor, City Hall 1. CALL TO ORDER 2. EXECUTIVE SESSION - In accordance with Texas Government Code Chapter 551, Subchapter D Section 551.071 - Legal - Consultation with attorney on legal issues raised by public hearing or action items on the agenda Section 551.072 - Real Estate - Deliberate the purchase, exchange, lease, or value of real property for City facilities Section 551.087 - Economic Development - Discuss or deliberate negotiations relating to any economic development negotiations RESUME REGULAR MEETING 3. EXECUTIVE SESSION: CONSIDER AND TAKE ANY ACTION(S) NECESSARY RELATIVE TO ITEMS DISCUSSED IN EXECUTIVE SESSION - Resolution R- 12-02 4. CONSENT: READING AND PUBLIC HEARING - Resolution R-12-03 4a Approval of the minutes of the Tax Increment Financing District Board of Directors meeting of July 17, 2012 5. RESOLUTION(S): READING AND PUBLIC HEARING 5a Resolution R-12-04 Approval of a resolution amending Resolution R-03-03; approving an amended Project Plan and enlarging the boundaries of Tax Increment Reinvestment Zone Number One, City of Colleyville, Texas 6. ADJOURNMENT I hereby certify this agenda was posted on City Hall bulletin boards Friday, November 16, 2012, by 5:00 p.m. Tax Increment Finance District Agenda November 20, 2012 Cynthia Singleton, TRMC, CMC City Secretary Any matter on this agenda may, at the discretion of the governing body, be opened for public comment and discussion. If you plan to attend this public meeting and have a disability that requires special accommodations, please advise the Executive Secretary at least 48 hours in advance at 817.503.1110, and reasonable accommodations will be made to assist you. ~'~Y~;~ City of Colleyville CityHall CC}LLEYVILLE Tax Increment Financing 100 Main Street Colleyville, Texas 76034 District Board www.colleyville.com ~'F { AS Agenda Briefing Agenda Number Z Agenda Date 11/20/2012 Type Executive Session Department City Manager Title Section 551.071 - Legal - Consultation with attorney on legal issues raised by public hearing or action items on the agenda Section 551.072 - Real Estate - Deliberate the purchase, exchange, lease, or value of real property for City facilities Section 551.087 - Economic Development - Discuss or deliberate negotiations relating to any economic development negotiations RESOLUTION R-12-03 A RESOLUTION APPROVING MINUTES OF THE TAX INCREMENT FINANCING DISTRICT BOARD OF DIRECTORS MEETING WHEREAS, the Colleyville Tax Increment Financing District Board of Directors held a meeting on July 17, 2012. NOW, THEREFORE, BE IT RESOLVED BY THE TAX INCREMENT FINANCING DISTRICT BOARD OF DIRECTORS OF THE CITY OF COLLEYVILLE TEXAS: Sec 1. THAT the minutes of the Tax Increment Financing District Board of Directors meeting held July 17, 2012 are hereby approved. AND IT IS SO RESOLVED. APPROVED BY A VOTE OF AYES, NAYS, AND ABSTENTIONS ON THIS THE 20T" DAY OF NOVEMBER 2012. COLLEYVILLE TAX INCREMENT FINANCING DISTRICT BOARD David Kelly Chairman ATTEST: Cynthia Singleton, TRMC, CMC City Secretary `'TY °~ City of Colleyville ~~ City Hall C(JLLEYVILLE 100 Main Street Colleyville, Texas 76034 ~ ~~~~ 5 TaX I11C1'el11el1t F111a11C111g $1~. so3.iooo District Board WWW•colleyville.com Minutes - Draft Tuesday, July 17, 2012 City Hall 11:30 a.m. Executive Conference Room The Tax Increment Financing District Board of Directors meeting was called to order by Chairman David Kelly at 11:36 a.m. ROLL CALL: Directors Mike Taylor, Michael Muhm, Carol Wollin, John Eubanks, Mark McClendon, and Carolyn Sims were present. Chairman David Kelly, City Manager Jennifer Fadden, Assistant City Manager and Chief Financial Officer Terry Leake, Economic Development Director Marty Wieder, Finance Manager Karen Hines, and City Secretary Cynthia Singleton were also present. Directors Tom Hart and Scott Rule were absent. 2. CONSENT: READING AND PUBLIC HEARING - Resolution R-12-01 2a Approval of the minutes of the Tax Increment Financing District Board of Directors meeting of July 20, 2011 Chairman Kelly read Resolution R-12-01 in its entirety. Chairman Kelly opened the public hearing. There was no one present wishing to speak and Chairman Kelly closed the public hearing. Director Wollin moved to approve Resolution R-12-01. Vice-Chairman Taylor seconded the motion. The motion carried by the following vote: Aye: David Kelly, Mike Taylor, Michael Muhm, Carol Wollin, John Eubanks, Mark McClendon, Carolyn Sims Absent: Tom Hart, Scott Rule Tax Increment Minutes - Draft July 17, 2012 Financing District 3. PRESENTATION AND DISCUSSION 3a Presentation of the Annual Tax Increment Financing District Report Assistant City Manager and Chief Financial Officer Terry Leake presented the annual Tax Increment Financing (TIF) District report and answered questions of the Board of Directors. Discussion ensued regarding TIF revenues and expenditures. 3b Review and discuss the status of the Colleyville Tax Increment Financing District Assistant City Manager and Chief Financial Officer Terry Leake provided a historical overview of the TIF District, reviewed the project plan, contributed tax rate by entity, commitments, growth, asset categories, repurchase agreements, payment process, status of project plans, and answered questions of the Board of Directors. Discussion ensued regarding project plans, asset repurchases, options available through the TIF, and State Highway 26 (SH26) reconstruction. City Manager Jennifer Fadden stated at the direction of City Council, staff is in the process of analyzing options available through the TIF, including reallocations, investments, and terms. She further stated the earliest date for a possible collapse of the TIF would be 2016. Ms. Fadden stated staff will provide the analysis to the City Council and at their direction, to the Board. City Manager Fadden noted the SH26 reconstruction project is moving ahead and as part of the next phase, which is John McCain Road to Centerpark Drive, the City is responsible for relocating utilities and may be looking at the TIF as a possible funding source. If that becomes the case, the City will make a presentation to the Board for consideration in the next quarter. Discussion ensued regarding the growth of Tarrant County College and impact on the community, infrastructure, and future of the TIF. 4. ADJOURNMENT There being no further business before the Tax Increment Financing District Board, Chairman Kelly adjourned the meeting at 12:49 p.m. APPROVED BY A VOTE OF AYES, NAYS AND ABSTENTIONS ON THIS THE DAY OF 2012. Tax Increment Minutes - Draft July 17, 2012 Financing District Minutes taken and prepared by: Cynthia Singleton, TRMC, CMC City Secretary ~'~Y~;~ City of Colleyville CityHall CC}LLEYVILLE Tax Increment Financing 100 Main Street Colleyville, Texas 76034 District Board www.colleyville.com ~'F { AS Agenda Briefing Agenda Number 5a Agenda Date 11/20/2012 Number Resolution R-12-04 Type Resolution Denartment Citv Manaaer Title Approval of a resolution amending Resolution R-03-03; approving an amended Project Plan and enlarging the boundaries of Tax Increment Reinvestment Zone Number One, City of Colleyville, Texas Explanation Reading and Pub/ic Hearing In 1998, the City of Colleyville established Tax Increment Financing Reinvestment Zone #1 (Colleyville TIF), pursuant to Ordinance 0-98-1124 and amended by Ordinance 0-98-1131, providing for a Tax Increment Financing (TIF) district encompassing 633 acres along Colleyville Boulevard (State Highway 26) with a base value of $75,821,735 and scheduling to expire on December 31, 2030. The original project plan and reinvestment zone financing plan was adopted, pursuant to Ordinance 0-98-1132 and later amended by Ordinance 0-02-1324 and Ordinance 0-03-1402, and outlined more than $27 million in public projects and $7.9 million in Grapevine- Colleyville Independent School District (GCISD) school improvements, with the purpose of benefiting the City, its residents and property owners. Resolution R-03-03 replicates the project plan adopted by Ordinance 0-03-1402. All taxing entities elected to participate at 100% of their respective tax rates with a few notable limitations. 1. GCISD elected to participate at 100% of its Maintenance and Operation rate with 74% being dedicated to $27 million worth of general public improvements and the remaining 26% dedicated to the $7.9 million worth of GCISD school improvements. 2. Tarrant County capped their participation at $4.35 million dollars. 3. Tarrant County Hospital District capped their participation at $3.85 million. Initial projects included improvements to the Village at Colleyville, Colleyville Town Center, general roadway improvements, SH26 improvements, school improvements, a new city hall, a library, a fire station, and other miscellaneous improvements. To date, the TIF has exceeded the original projections and has nearly funded all of the initial projects identified in the project and financing plan. However, additional projects have been identified since the TIF's inception that could leverage private investment and Tax Increment Finance District Board Agenda Briefing 5a provide the City, its residents, and property owners with additional benefits. With this understanding, and in accordance with Sec. 311.011 (e) of the Texas Tax Code, the City Council seeks to amend the project plan and reinvestment zone financing plan to include additional public infrastructure projects and an economic development TIF grant program with the purpose of benefiting the City, its residents, and property owners. There will be a Colleyville City Council meeting held on Tuesday, November 20, 2012 and the City Council will also be considering the approval of an ordinance approving an amended Project Plan and enlarging the boundaries of Tax Increment Reinvestment Zone Number One, City of Colleyville, Texas, which replicates the provisions of Resolution R-12-04. Exhibit "A" of Resolution R-12-04 details the amendments to the original project plan and reinvestment zone financing plan adopted pursuant to Ordinance 0-98-1132, and later amended by Ordinance 0-02-1324 and Ordinance 0-03-1402, and replicated in Resolution R-03-1402. All plans previously approved by the City Council pursuant to Ordinance 0-98-1132, and later amended by Ordinance 0-02-1324 and Ordinance 0-03-1402, and replicated in Resolution R-03-1402, approved by the TIF Board of Directors, will continue in effect except to the extent specifically amended or revised by the following amendments. Colleyville TIF #1 Amended Plan: Boundary The initial Colleyville TIF #1 boundary encompassed approximately 633 acres along State Highway 26 (SH26) stretching from its southern most point at Cheek-Sparger Road to its northern most point near John McCain Road. A map of the original boundary as approved in 1998 is included in Exhibit "A" as Attachment 1. The expanded boundary follows a very similar path but includes: approximately 20 new parcels near the intersection of Cheek-Sparger Road and Wayne Drive, 26 parcels near the intersection of Cheek-Sparger Road and State Highway 26 (SH26), Bluebonnet Hills Memorial Park, 15 parcels in Glade Points Center at the intersection of Highway 121 and Glade Road, and a number of City owned parcels south of State Highway 26 (SH26) and east of Longwood Drive. A map of the expanded boundary with new properties highlighted and a list of all properties to be added to the zone are included in Exhibit "A" as Attachment 2. The majority of the property to be added to the TIF is currently vacant underutilized land, while the remaining is comprised of commercial space. A map of the current land use for the TIF is included in Exhibit "A" as Attachment 3. Appraised Value The 1998 appraised taxable value at the inception of the TIF was $75,821,735 and the final appraised taxable value was estimated to be $322,489,535. In FY 2012, the Tax Increment Finance District Board Agenda Briefing 5a appraised taxable value was $328,648,549. The estimated appraised value of the additional property to be added to the zone is $31,722,560, bringing the current total estimated appraised value to $360,371,109. Participation by Taxing Jurisdictions Currently all taxing jurisdictions contribute 100% of their tax rate. Tarrant County and the Tarrant County Hospital District will cease contributions to the TIF, unless an amendment to their participation agreements is mutually agreed upon, as both entities have reached their respective TIF contribution caps in FY 2012. The City of Colleyville will continue to participate in the TIF at 100% of their tax rate as will the Tarrant County College District. The GCISD will continue to contribute 100% of the Maintenance and Operation rate only to the specific projects outlined in the original project and financing plan approved in 1998. Proiect Plan Amendments To further leverage private investment within TIF #1, the Board of Directors hereby establishes an Economic Development TIF Grant Program per Section 311.010 (h) of the Texas Tax Code. The objectives of the Economic Development TIF Grant Program are to promote within the TIF: 1) development and diversification of the economy; 2) elimination of unemployment and underemployment; and 3) development and expansion of commerce. These objectives will be achieved by making grants and loans from the tax increment fund of the TIF in an aggregate amount, not to exceed the amount of tax increment produced by the City, and paid into the TIF fund for activities that benefit the TIF and stimulate business and commercial activity within the TIF. Upon the approval of the amended project plan and reinvestment zone financing plan by the City Council, the TIF Board of Directors shall have all the powers of the municipality under Chapter 380, Local Government Code. The City Council shall make final determination of all grant award amounts and awardees. Nothing contained herein shall obligate the TIF Board or the City Council to provide grant awards, as this Economic Development TIF Grant Program does not constitute an entitlement. Additional projects to be added to the project plan and reinvestment zone financing plan include: Economic Development TIF Grant Program $17,256,185 Roadway Improvements $20,000,000 Trails and Public Amenities $ 5,500,000 Administrative Expenses $ 1,700,000 Total New Project Costs $44,456,185 A map with the estimated location of public improvements to be financed by the zone is included in Exhibit "A" as Attachment 4. Additional infrastructure and amenity improvements may be added to the list as future development projects and related Tax Increment Finance District Board Agenda Briefing 5a opportunities present themselves. Project costs are intended as estimates only and may vary from the amounts listed above; however, the total amount of project costs will not exceed $44,456,185. Financing Plan Amendments All of the estimated project costs outlined above will be funded on a pay as you go basis through increment derived from the TIF district. The aggregate amount of all economic development grants will be limited to the increment produced by the municipality. It is not anticipated that the TIF will issue any additional bonds to finance these improvements. It is estimated that the TIF will generate approximately $44.5 million in new revenue for the remainder of the TIF term, including any unallocated increment already generated by the TIF, for use on the additional projects. A year-by-year estimate of the capture appraised value of the zone is included in Exhibit "A" as Attachment 5. Attachments 1. Resolution R-03-03 2. Resolution R-12-04 RESOLUTION R-03-03 A RESOLUTION AMENDING RESOLUTION R-02-2 AND APPROVING THE AMENDED TAX INCREMENT FINANCING (TIF) DISTRICT PROJECT PLAN WHEREAS, the City of C~Ileyville Tax Increment Reinvestment Zone #1 was established as a means of providing incentives to private developers to build commercial projects within the SH26 corridor; and WHEREAS, the Colleyville Tax Increment Financing District Board desires to amend the Tax Increment Financing (TIF) Project Plan. NOW, THEREFORE, BE IT RESOLVED BY THE TAX INCREMENT FINANCING DISTRICT BOARD OF DIRECTORS OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1. THAT the attached amended Tax Increment Financing (TIF) District Project Plan (Exhibit "A") is hereby approved. AND IT IS SO RESOLVED. PASSED BY A VOTE OF ~ AYES, c~ NAYS, AND p ABSTENSIONS ON THIS I s~ DAY OF L~~ 2003. COLLEYVILLE TAX INCREMENT FINANCI~DISTRICT BOARD ATTEST: 1 ~ ~~ S cretary ~' Exhibit "A" Collewille TIF Proiect Plan Project Total Cost Non-TIF Cost TIF Cost S.H. 26 improvements - raised medians, curb and gutter, drainage, street lighting, landscaping, traffic signals, water and sanitary sewer 6,350,000 1,500,000 4,850,000 Hall-Johnson Road improvements - roadway construction, R.O.W. acquisition, drainage, utility adjustments, landscaping, etc. 3,300,000 1,400,000 1,900,000 Main Street improvements - paving, drainage, utilities, traffic signal, signage, street lighting, landscaping, etc. 700,000 700,000 Church Street improvements - paving, drainage, utilities, traffic signal, signage, street lighting, landscaping, etc. 2,150,000 2,150,000 Downtown Area improvements - streets, land, public parking, bridge work, sidewalks, planning and engineering, etc. 2,200,000 2,200,000 Riverwalk Drive improvements - paving, drainage, utilities, signage, street lighting, landscaping, etc. 250,000 250,000 Bluebonnet Drive improvements - paving, drainage, utilities, signage, street iighting, landscaping, etc. 750,000 80,000 670,000 Bogart Road improvements - paving, drainage, utilities, signage, street lighting, landscaping, etc. 7g0,000 180,000 600,000 Tinker/Santlers Intersection improvements - paving, drainage, utility adjustments, signage, street lighting, traffic signal, landscaping, etc. 220,000 220,000 City Hall 3,500,000 3,500,000 Plaza 1,595,000 1,595,000 Public Parking Structure 1,800,000 1,800,000 Storm Water Detention 200,000 200,000 Library 1,740,000 1,500,000 240,000 Fire Station 867,500 867,500 John McCain Road 626,000 626,000 Public Parking Lots, Land and Engineering 4,371,500 4,371,500 School Improvements 7,938,690 7,938,690 Professional services - engineering, planning, inspection, testing, etc. 650,000 650,000 TOTAL 39,988,690 4,660,000 35,328,690 TIF R-03-03 Colleyville TIF ~..,:or+ Plan -~ Total Cost Non-TIF Cost TIF Cost Project S.N 26 improvements - raised medians, curb and gutter, drainage, street lighting, landscaping, traffic signals, water and sanitary sewer 6,350,000 1,500,000 4 850,OOQ Hall-Johnson Road improvements - roadway construction, R.O.W. acquisition, drainage, utility adjustments, landscaping, etc. 3,300,000 1,40~,~00 1,900,000 Main Street improvements - paving, drainage, utilities, traffic signal, signage, street lighting, landscaping, etc. 700,000 700,000 Church Street improvements -paving, drainage, utilities, traffic signai, signage, street lighting, fandscaping, etc. ~,~OO,ODO 1,100,000 Downtown Area improvements - streets, land, public parking, bridge work, sidewalks, planning and engineenng, etc. 2,2D0,000 2,200,000 Rwerwaik Drive improvements - paving, drainage, utilities, signage, street lighting, landscapino, etc 1,200,000 1,200,000 Bluebonnet Drive improvements - paving, drainage, utilities, signage, sireet lighting, landscaping, etc. 750,000 SO,aoo 670,000 Bogart Road improvements - paving, drainage, utilities, signage, street lighting, landscaping. etc. 780,000 180,000 600,00o Tinker/Sanders Intersection improvements - paving, drainage, utility adjustments, signage, street lighting, cra~c signal, landscaping, etc. Z2p,000 220,000 City Hall 3,500,000 3,500,000 Plaza 2,734,360 2,734,360 Fublic Parking Structure 2,120,960 2,120,960 Storm Water Detention 200,000 200,000 Library 1,740,000 1,500,000 240,000 F~.re Sta'.ion 867,50 0 867,500 John P~1cCain Road 626,00 0 626,000 °ubl~c Parking Lots, Land and Engineenng 3,011,18 0 3,011,180 School Improvements 7,938,69 0 7,93B,690 Professional services - engineering, planning, inspection, testing, etc 650,00 0 650,000 TOTAL 39,988,690 4,660,00 0 35,328,690 EXHIBIT A 01123f02 R-02-3 RESOLUTION R-12-04 A RESOLUTION AMENDING RESOLUTION R-03-03 AND APPROVING THE AMENDED TAX INCREMENT REINVESTMENT ZONE (TIRZ) PRO]ECT AND FINANCING PLAN; AND EXPANDING THE TIRZ BOUNDARY WHEREAS, the City of Colleyville Tax Increment Reinvestment Zone (TIRZ) Number One was established to provide benefits to the City, its residents and property owners, in general, and to the property, residents and property owners in the reinvestment zone; and WHEREAS, Section 311.011(e) of the Code allows the board of directors of a TIRZ to recommend an amendment to a project plan for the Zone so long as the amendment is consistent with the requirements and limitations of Chapter 311 of the Code and is approved by the governing body of the municipality that created the zone; and WHEREAS, the Colleyville TIRZ Board desires to amend the TIRZ Project and Financing Plan as depicted and described in Exhibit ~~A" (collectively, the ~~Amended Project Plan and Reinvestment Zone Financing Plan"), which Exhibit ~~A" is attached hereto and hereby made a part of this Resolution for all purposes; and WHEREAS, the boundaries of the original Zone were approved in 1998 and are depicted and described in Exhibit ~~B" (the ~~1998 TIF Boundary"), which Exhibit ~~B" is attached hereto and hereby made a part of this Resolution for all purposes; and WHEREAS, accordingly, the TIRZ Board wishes to enlarge the Zone by adding the property depicted and described in Exhibit "C" (collectively, the ~~Expanded Area" ), which Exhibit ~~C" is attached her eto and hereby made a part of this Resolution for all purposes. NOW, THEREFORE, BE IT RESOLVED BY THE TAX INCREMENT FINANCING DISTRICT BOARD OF DIRECTORS OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1. THAT the attached amended TIRZ Project and Financing Plan Exhibit "A" is hereby approved. Sec. 2. THAT the attached expanded TIRZ Boundary Exhibit ~~C" is hereby approved. Resolution R-12-04 Page2of2 AND IT IS SO RESOLVED. APPROVED BY A VOTE OF AYES, NAYS AND ABSTENTIONS ON THIS THE 20T" DAY OF November 2012. COLLEYVILLE TAX INCREMENT FINANCING DISTRICT BOARD David Kelly Chairman ATTEST: Cynthia Singleton, TRMC, CMC City Secretary EXHIBIT ~~A" Colleyville TIF #1 (Colleyville TIF) Amended Project Plan and Reinvestment Zone Financing Plan Amendment to Ordinance 0-98-1131, Ordinance 0-02-1324, and Ordinance 0-03-1402 Introduction In 1998 the City of Colleyville established TIF #1 (Colleyville TIF) pursuant to Ordinance 0-98-1124 and amended by Ordinance 0-98-1131 providing for a Tax Increment Financing (TIF) district encompassing 633 acres along Colleyville Boulevard (State Highway 26) with a base value of $75,821,735 and scheduling to expire on 12/31/2030. The original project plan and reinvestment zone financing plan adopted pursuant to Ordinance 0-98-1132 and later amended by Ordinance O- 02-1324 and Ordinance 0-03-1402 outlined more than $27 million in public projects and $7.9 million in Grapevine-Colleyville Independent School District (GCISD) school improvements, with the purpose of benefiting the City, its residents and property owners. All taxing entities elected to participate at 100% of their respective tax rates with a few notable limitations. 1. GCISD elected to participate at 100% of its Maintenance and Operation rate with 74% being dedicated to $27 million worth of general public improvements and the remaining 26% dedicated to the $7.9 million worth of GCISD school improvements. 2. Tarrant County capped participation at $4.35 million dollars. 3. Tarrant County Hospital District capped participation at $3.85 million. Initial projects included; Improvements to the Village at Colleyville, general roadway improvements, SH26 improvements, school improvements, a new city hall, a library, a fire station and other miscellaneous improvements. To date, the TIF has exceeded the original projections and has nearly funded all of the initial projects identified in the project and financing plan. However, additional projects have been identified since the TIF's inception that could leverage private investment and provide the City with additional benefits. With this understanding, and in accordance with Sec. 311.011 (e) of the Texas Tax Code, the Board of Directors seek to amend the project plan and reinvestment zone financing plan to include additional public infrastructure projects and an economic development TIF grant program with the purpose of benefiting the City, its residents, and property owners. The following pages outline the amendments to the original project plan and reinvestment zone financing plan adopted pursuant to Ordinance 0-98-1132, and later amended by Ordinance 0-02-1324 and Ordinance 0-03-1402. All plans previously approved by the City Council pursuant to 0-98-1132, Ordinance 0-02- 1324, and Ordinance 0-03-1402 will continue in effect except to the extent specifically amended or revised by the following amendments. Colleyville TIF #1 Amended Plan Boundary The initial Colleyville TIF #1 boundary encompassed approximately 633 acres along State Highway 26 (SH26) stretching from its southern most point at Cheek-Sparger Road to its northern most point near John McCain Road. A map of the original boundary as approved in 1998 is attached as Attachment 1. The expanded boundary follows a very similar path but includes; approximately 20 new parcels near the intersection of Cheek-Sparger Road and Wayne drive, 26 parcels near the intersection of Cheek-Sparger Road and State Highway 26 (SH26), Bluebonnet Hills Memorial park, 15 parcels in Glade Points Center at the intersection of Highway 121 and Glade Road, and a number of City owned parcels south of State Highway 26 (SH26) and east of Longwood Drive. A map of the expanded boundary with new properties highlighted and a list of all properties to be added to the zone are attached as Attachment 2. The majority of the property to be added to the TIF is currently vacant underutilized land, while the remaining is comprised of commercial space. A map of the current land use for the TIF is attached as Attachment 3. Appraised Value The estimated appraised value of the additional property to be added to the zone is $31,722,560, bringing the current total estimated appraised value to $360,371,109. Participation by Taxing ]urisdictions Currently all taxing jurisdictions contribute 100% of their tax rate. It is anticipated that Tarrant County and the Tarrant County Hospital District will continue to participate at 100% until they hit their original cap, which is projected to occur in 2013 and will cease contributions to the TIF after that date unless an amendment to their participation agreements is mutually agreed upon. The City of Colleyville will continue to participate in the TIF at 100% of their tax rate as will the Tarrant County College District. The GCISD will continue to contribute 100% of the Maintenance and Operation rate only to the specific projects outlined in the original project and financing plan approved in 1998. Project Plan Amendments To further leverage private investment within TIF #1, the Board of Directors hereby establishes an Economic Development TIF Grant Program per Section 311.010 (h) of the Texas Tax Code. The objectives of the Economic Development TIF Grant Program are to promote within the TIF: 1) development and diversification of the economy; 2) elimination of unemployment and underemployment; and 3) development and expansion of commerce. These objectives will be achieved by making grants and loans from the tax increment fund of the TIF in an aggregate amount not to exceed the amount of tax increment produced by the City and paid into the TIF fund for activities that benefit the TIF and stimulate business and commercial activity within the TIF. Upon the approval of the amended project plan and reinvestment zone financing plan by the City Council the TIF Board of Directors shall have all the powers of the municipality under Chapter 380, Local Government Code. The City Council shall make final determination of all grant award amounts and awardees. Nothing contained herein shall obligate the TIF Board or the City Council to provide grant awards as this Economic Development TIF Grant Program does not constitute an entitlement. Additional projects to be added to the project plan and reinvestment zone financing plan include: Economic Development TIF Grant Program $ 17,256,185 Roadway Improvements $ 20,000,000 Trails and Public Amenities $ 5,500,000 Administrative Expenses $ 1,700,000 Total New Project Costs $ 44,456,185 A map with the estimated location of public improvements to be financed by the zone is attached as Attachment 4. Additional infrastructure and amenity improvements may be added to the list as future development projects and related opportunities present themselves. Project costs are intended as estimates only and may vary from the amounts listed above; however the total amount of project costs will not exceed $44,456,185. Financing Plan Amendments All of the estimated project costs outlined above will be funded on a pay as you go basis through increment derived from the TIF district. The aggregate amount of all economic development grants will be limited to the increment produced by the municipality. It is not anticipated that the TIF will issue any additional bonds to finance these improvements. It is estimated that the TIF will generate approximately $44.5 million in new revenue for the remainder of the TIF term, including any unallocated increment already generated by the TIF, for use on the additional projects. A year-by-year estimate of the capture appraised value of the zone is attached as Attachment 5. Attachment 1- 1998 TIF Boundary Attachment 2 - Expanded Area Legend I ~- Expanded Boundary Reeomrriended Parcels ~ ~ ~ - i G LAD E I.;~_ ~ w ~ ~ ~~ _ i-~ _ ; o G_T L. ° -- ~ - ,' G ~ ~Y,. i { i ' ~-' ~ ,. ~ ~ . ~_ ~~J - _ WOOD - ~ o ~ -'~--~~=~'a~//_ ' 1~ ~ ;., i r~.~'~~ Attachment 2- List of Properties to Be Added to the Zone YEAR ~CCOUNT PIDN OWNERNFlME ~DDRE55 LEGALI LEGAL2 LFlND IMPROV TOT~L ~CRES 2012 06610811 24255 4 4 Padilla, Marco A Etux Ana Rosa 006901 Longwood Dr Longwood Estates @ Ross Downs Blk 4 Lot 4 $40,000 $353,025 $393,025 030 2012 06610781 24255 4 2 Sallee, Helen (Lenhan) 006905 Longwood Dr Longwood Estates @ Ross Downs Blk 4 Lot 2 $4-0,000 $329,100 $369,100 Q23 2012 06610803 24255 4 3 Blaxton, Mathew Etux Stacy 006903 Longwood Dr Longwood Estates @ Ross Downs Blk 4 Lot 3 $4Q000 5333,007 5373,007 Q24 2012 06610773 24255 4 1 Boyett, Paige &John 006907 Longwood Dr Longwood Estates @ Ross Downs Blk 4 Lot 1 $40,000 $298,100 $338,100 Q26 2012 06920ll9 24255 12 lA 09 Colleyville, City Of OOROl Colleyville Blvd Longwood Estates @ Ross Downs Blk 12 Lot 1~ $0 $0 $0 3.07 2012 06610919 24255 7 A 04 Colleyville, City Of 002505 Broadoak Way Longwood Estates @ Ross Downs Blk 7 Lot ~ 50 50 50 12.56 2012 05965640 ~ 180 2B01 Bluebonnet Hills Cemetery 005713 Colleyville Blvd Byas, J LSurvey ~ 180 Tr 2801 50 50 50 23.61 2012 0377W37 A 180 28 El Blue6onnet Hills Cemetery 005713 Colleyville Blvd Byas, J LSurvey ~ 180 Tr 28 $0 $0 $0 950 2012 03829022 Fl 339 SA Ccdcw Lp 000000 Bedford Ct Christian, ~Ilen Survey ~ 339 Tr SA $65,000 $0 $65,000 2.45 2012 03829057 ~ 339 SA02A 20 Ccdcw Lp 003804 Bedford Ct Christian, Allen Survey A 339 Trs SA2A & SA2C $21,420 $0 $21,420 OJl 201206687687 A10771~ 20 CcdcwLp 0038llBedfordCt McLain,LLSurvey A1077Tr1~&A339Tr5~1~ $26,250 $0 $26,250 OJS 2012 03829030 ~1077 18 20 Chatham, Larry K Etal 000000 Bedford Ct McLain, L LSurvey F~bst 1077 Tr 18 & ~339 Tr SFl18 $57,120 SO $57,120 1.90 201203829103 A339 SA02E Chatham,Keith 003716BedfordCt Christian,AllenSurvey ~339Tr SA02E $21,600 $69,600 $91,200 OJ2 2012 03829081 ~ 339 SA02D Ccdcw Lp 003714 Bedford Ct Christian, Allen Survey A 339 Tr SA02D $2Q670 $0 $2Q670 0.69 2012 03829065 ~339 5~028 Ccdcw Lp 003708 Bedford Q Christian, ~Ilen Survey A 339 Tr 5~02B $39,600 50 $39,600 132 201204054687 A1077 1 20 Chatham,Larryl<Etal OOOOOOBedfordCt McLain,LLSurvey F~1077Tr1&~339Tr5F~1 $57,120 50 $57,120 1.90 201205919541 41344 1 3 Baerg,HaroldJEtuxl<athleen 001101CheekSpargerRd Tara Blk 1Lot 3 $695,219 $1,597,348$2,292,SE/ 456 2012 401fi9324 41346 1 4R1 Myers, David W& Mary A Rev Tr 001105 Cheek Sparger Rd Tara Professional Center Blk 1 Lot 4R1 $92,700 $46Q240 $552,940 0.47 2012 40169332 41346 1 4R2 Myers, David W& Mary ~ Rev Tr 001109 Cheek Sparger Rd Tara Professional Center Blk 1 Lot 4R2 $142,844 $303,061 $445,905 OJ3 2012 0281ll15 39608 2 6 Ccdcw Lp 003708 Wayne Dr Southgate AdditiomColleyville Blk 2 Lot 6 $3Q000 Sll7,800 5207,800 1.00 2012 06998097 39608 1 1R Daisy Hill Academy Ltd 000919 CheekSparger Rd Southgate ~ddition-Colleyville Blk 1 Lot 1R $361,330 $692,768 $1,054,098 1.66 2012 028ll669 39608 2 1 Ccdcw Lp 003916 Wayne Dr Southgate Flddition-Colleyville Blk 2 Lot 1 $3Q000 $0 $3Q000 1.06 2012 05919525 41344 1 1 Baerg, Hal 001001 Cheek Sparger Rd Tara Blk 1 Lot 1 $92,665 $0 $92,665 0.43 201205919533 41344 1 2 Baerg,Hal OO1005CheekSpargerRd Tara Blk 1Lot 2 $89,335 $0 589,335 0.41 2012 02811677 39608 2 2 Ccdcw Lp 003908 Wayne Dr Southgate Flddition-Colleyville Blk 2 Lot 2 $3Q000 SO $3Q000 0.95 2012 028ll642 39608 1 3 Covenant Christian Academy 000000 Bedford Ct Southgate Flddition-Colleyville Blk 1 Lot 3 $3Q000 $0 $3Q000 0.87 2012 02811650 39608 1 4 Wolfe, Kevin & Larry Chatham 000000 Bedford Ct Southgate ~dditiomColleyville Blk 1 Lot 4 $3Q000 $194,500 $224,500 0.91 2012 02811685 39608 2 3 Ccdcw Lp 003816 Wayne Dr Southgate AdditiomColleyville Blk 2 Lot 3 $30,000 $3,500 $33,500 L22 2012 02811693 39608 2 4 Ccdcw Lp 003808 Wayne Dr Southgate AdditiomColleyville Blk 2 Lot 4 $3Q000 50 $3Q000 1.00 2012 0281ll07 39608 2 5 Ccdcw Lp 003716 Wayne Dr Southgate ~ddition-Colleyville Blk 2 Lot 5 $30,000 $0 $30,000 1.00 201200926396 13660 1 4A11 Velasquez,Florentino&Daisy 18305ilversideDr Felps,AndyAddition BIk1N200'LOt4~ $187,350 $2ll,650 $405,000 0.43 2012 00926361 13660 1 3R1 3919Colleyville Blvd Ltd PO Box 802736 Felps, Mdy ~ddition Blk 1 Lot 3R1 $206,130 $329,370 $535,500 0.47 2012 06069258 13660 1 SR1A Lemmon, William M& Carol F~ 133 E Rio Rdg Felps, Mdy Addition Blk 1 Lot SR1Fl $189,360 $74,041 $263,401 0.44 201241196570 7743 F~ 1 HibemiaNationalBank 275BroadhollowRd ColleyvilleHibemiaFlddition Blk A Lot 1 $1,289,805$1,046,795$2,336,600 1.97 201200926388 13660 1 4 10 Dennie,PaulDEtuxPeggyM 200CheekSpargerRd Felps,MdyAddition Blk 1 Lot 4 $25,000 $32,100 $57,100 0.46 2012 00926604 13660 1 27 20 Atuff Lane Commercial Prop Llc PO Box 550 Felps, ~ndy Addition Blk 1 Lot 27 $189,000 $52,560 $241,560 0.48 2012 00926434 13660 1 lOR 20 Byerly, Mimi &Jeffrey 5 7109 Pebble Hill Dr Felps, ~ndy ~ddition Blk 1 Lots lOR & 11R $1fi9,000 $1,000 $llQ000 233 2012 00926450 13660 1 73 Moore, Joe Etux Peggy 133 Acuff Ln Felps, Mdy ~ddition Blk 1 Lot 13 $25,000 $38,4D0 $63,4D0 0.67 2012 00926485 13660 1 16 20 McDowell, Tommy N Etux Cynthia 128 Cheek Sparger Rd Felps, ~ndy Addition Blk 1 Lots 16 & ll $52,500 $52,900 $105,400 134 201240ll7750 13662 1 1 Morrison,SandyEtvirMichael 4012FeIpsDr Felps,SpargerAddn Blk 1 Lot 1 $25,000 $212,400 $237,400 Q22 2012 40ll7777 13662 1 2 Gomez,Josetto5 4008FeIpsDr Felps,5pargerAddn Blk 1 Lot 2 $25,000 $223,800 $248,800 Q22 201240177793 13662 1 3 Jarrell,JOhnJrEtuxJanis 4004FeIpsDr Felps,5pargerAddn Blk 1 Lot 3 $25,000 5204,200 5229,200 Q22 201240ll7ffi5 1366L 1 4 Waitt,GaryMSr 4000FeIpsDr Felps,Sparger~ddn Blk 1 Lot 4 $25,000 $195,300 $220,300 Q22 2012 40ll7823 1366Z 1 5 Baughman, Michael Etux Patti 3914Felps Ct Felps, SpargerAddn Blk 1 Lot 5 $25,000 $241,700 $266,700 Q22 201240ll7858 1366L 1 6 Estes,KeithEtuxTerrie 3910FeIpsDr Felps,5pargerAddn Blk 1 Lot 6 $25,000 5237,700 5262,700 Q20 201240ll7874 13662 1 7 Estes,KeithLEtuxTerrie 3910FeIpsDr Felps,5pargerAddn Blk 1 Lot 7 $1 $0 $1 0.14 201200926566 13660 1 23 Howell,DeanG 104CheekSpargerRd Felps,~ndy~ddition Blk 1 Lot23 $25,500 $49,000 $74,500 0.58 2012 00926531 13660 1 21 Chatswolfe Enterprise Llc 4800BiII5immons Rd Felps, ~ndy Flddition Blk 1 Lot 21 $35,000 $63,000 $9$000 0.69 201200926558 13660 1 22 Harris,DKeith 108CheekSpargerRd Felps,~ndy~ddition Blk 1 Lot22 $35,000 $48,400 $83,400 0.69 201200926574 13660 1 24 Hahn,Edward&DorisEst 7500WindsweptTrl Felps,MdyAddition Blk 1 Lot24 $86,428 $56,572 $143,000 0.50 2012 00926590 13660 1 26 Flcuff Lane Commercial Prop Llc PO Box 550 Felps, ~ndy ~ddition Blk 1 Lot 26 $142,200 $85,300 $227,500 036 2012 0615ll52 13660 1 25R Acuff Lane Commercial Prop Llc PO Box 550 Felps, Mdy Addition Blk 1 Lot 25R $294,030 $77,349 $371,379 OJS 2012 00926612 13660 1 29 ~cuff Lane Commercial Prop Llc PO Box 550 Felps, Andy Addition Blk 1 Lot 29 $31,500 $73,500 $105,000 Q24 2012 00926442 13660 1 12 Lindsey, Vicki 129~cuff Ln FeIpS, Mdy ~ddition Blk 1 Lot 12 $25,OW $52,6W $77,600 0.67 2012 00926507 13660 1 18 Bums, Edward H& Curtis M 7713 Lexus Dr Felps, ~ndy ~ddition Blk 1 Lot 18 $35,000 $42,800 $7J,800 0.67 2012 00926515 13660 1 19 Burns, Edward H 7713 Lexus Dr Felps, ~ndy Addition Blk 1 Lot 19 $35,000 $77,300 $112,300 0.67 201200926523 13660 1 20 ChtatswolfeEntLlc POBox915 Felps,Andyl~ddition Blk 1 Lot20 $35,000 $3$400 $73,400 0.67 201241193473 15399F 1 11 ForrestHeritgaeLlc 005009Heritage~ve 61adePOints~ddition Blk 1 Lot11 $731,820 $496,655 $728,475 0.53 2012 4D981665 15399F 1 6 Greenway Glade Partners Lp 003900GIade Rd Glade Points~ddition Blk 1 Lot 6 $1,087,110 $721,390 $1,808,500 1.11 2012 40357104 15399F 1 5 353-365 Broadway Realty Llc 003908 Glade Rd Glade Points ~ddition Blk 1 Lot 5 $490,380 $942,546 $1,432,926 0.94 201241193385 15399F 1 7 BracevilleLlc OOSOO1HeritageAve GladePointsAddition Blk 1 Lot 7 $471,150 $261,810 $732,960 OJ2 2012 41193393 15399F 1 8 Rcc Heritage Glade Ltd 005013 Heritage Ave Glade Points ~ddition Blk 1 Lot 8 $0 $0 $0 0.46 2012 411934D7 15399F 1 9 RccHeritage Glade Ltd 005017 Heritage Ave Glade Points~ddition Blk 1 Lot 9 $309,560 $473,4D0 $732,960 0J1 201241193415 15399F 110 WloEnterpriseslnc OOSOOSHeritageAve GladePointsF~ddition Blk 1 Lot10 $286,050 $446,910 5732,960 0.66 2012 41193466 15399F 1 13 RccHeritage Glade Ltd 005025 Heritage Ave Glade Points~ddition Blk 1 Lot 13 $118,710 $0 $118,710 0.55 2012 41193458 15399F 1 12 RccHeritage Glade Ltd 005021 Heritage Ave Glade PointsF~ddition Blk 1 Lot 12 $84,040 $0 $84,040 039 201207ll0351 15399F 1 4 6PointsScLtd 00393061adeRd 61adePoints~ddition Blk 1LOt 4 5913,373 5610,586 $1,523,959 2.80 2012 07D0335 15399F 1 2R GPointsScLtd, 003930GIadeRd Glade PointsF~ddition Blk 1 Lot 2R $1,196,100 $1,213,047 $2,409,147 3.66 201207ll0343 15399F 1 3R 3920GIadeRoadLlc 003920GIadeRd GladePoints~ddition Blk 1LOt 3R $i54,492 $529,116 $883,608 0.68 2012 06497772 15399F 1 1 A6sTxlnvestorLp 004000GIadeRd GladePointsAddition 81k 1 Lot 1 $1,952,678 $2,096,372 $4,049,050 6.40 2012 06824919 15399F 2 1 Tsai Global Llc OOSOOOState Hwy 121 Glade Points~ddition Blk 2 Lot 1 $531,000 $343,587 $874,587 0.81 2012 06515126 15399F 1 2 Hall, Charlie W Etux Helen F W2100GIade Rd Glade Points~ddition Blk 1 Lot 2 $987,515 $541,300 $1,528,815 1.04 Attachment 3- Land Use Map ~ ~~ ~ ~ _ , ~-~ . ~ Land Use Legend _ - Commercial ~ - 1 _ - Corrtimunity Facilities ~ ~ ~i - / ~ ~: ~ -Condominimus 'y- ~ / ~ ' I - Residential ~ . ~ - Ranch Land _ Vacant ~ ~ _ ~ 1 ~ ~L ~ ~~ a ~~J ° ~ -~~ ~ ~_ _ -- ~ - . - . w CHURC a ~ J I ~ ~ ~ . . Q ~ ~~ -~. ~ O a ~~ C ~ ~ I ~ i 1 ~ ~ ~ ~ ~~~~' x!~ ~ ~~~ I W i "7 .~ . . Q ~~: ¢ . - - - . . . GLA~E GL4DE, ~~.. . . ~( ~,~, . ~ ~ - . , . . . . . ` . -- - ~ a~: . . -ti - . .~ I - ` ~ ~ ~ ~ ~ I~ ~ _ . -' 'I ' -- ~__ _ . ~.FL~ - d~ ~ .~ -~~ . ~ - i - _ . ~~~ .,~~~ . . ~ __ . : f J , .,/ :~ . . '. ~ ~ ~ .: . . .. ~ ... ~ __ . ~~ `,~! ~~ _ I- _ - ~ ' . ~. .. ~ i . ~ CHEEK SPARGER . . . . ~ . ~ ~ . . . .. - I ~ w Z . ', . .~ ... ' . J ¢ . . . I ~ .. ~ ~ _ , _ 1 I 4 , ~ . . .t-~ ' ~ ~ I ~ ~ . ~ . ~ ' . . - _ ` ~ ~ I , ~ ~~y ~ , '~ ~ ,. ~ . . ~ ~ ~ ~ ~ ~ ~ T ~`~ L ~ 7 ~ ~ ~ ~ ~ ~ ~ ~ - ~_ J I ~~ ` ~- 'i ~T~ ~ , , i _ , . ~'.~ ~ - . . . .. I - ~ I ~ ~ _ ._ ~ .. . ... . . l ~, ~ ~ _ T ~ .- • -'i , . AYWOOD - I w 4 . ~'. ~ a ~ w ¢ H w _, ~~ Attachment 4- Improvement Location Map Improvements Legend ~ - f ; ~'~~~ ••••• -Trails and Ammenities ~ ~~~ i ?-~ - Roadway Improuements ~. ' 1 ~ I _I:~_-; ; Public/Private Partnerships - ~ (Thro~aghouttheZone) ~~ ~ i ~ _ - ~ ~ - ~` Additional projects to be ac#ded as - ^~~` opportunities present themselves . ~ -'I ~ ~'' . JONN MCCA'1N I ~ .,,~ , , ~p ~ ~ _ Ji I~l- p.pp.~ a ~~T ~ ~ v __ ~ ~ ~-1 r~`, ~ ~'~/ , , _~ ~ _. / _ 1 I~'. I II ~ i '!~'~~ r~' ~ - ~ ~ ~ ~- _ -~ ~ , Q``~Q , ' ,_ ~ ' ~ _ - : ~~-~. ~ ~~i ~ - _ _ _ /\` a$ - , n I _ _ 4 I I - i w ~ ~ S~GART ~ HALLJOHf~50N a, - . r- .. . . - ~ . w - ¢ CHURC ~ a _- 1~ I a _ ~' o ~~ ~- I ~ -' ~ -. ~ Z \I`: I ~JI 3 ~ ^ 4~~ .Z ~ rJ p -- , - I °u~° l_II - --~ ~~ !~ Y P ~ W - ~ w - _ GP~E m ~ GLADE I I `, G~ADE . - , , -, ° --- - _ .. - ' _ ~_ - I '` ~ l'' "i i~ ~ . .,~~ I .~~' ~ ~ _ -( _ ~- o __~ ,l LL - W . Q _ -~~ ~~ ~ ~ ~ . .m . . .. - ~ ~ ~~ ~~ . . . ~~/ ~'' r-' - W , . . . . . ._ T~ - H SPARGER ~-~ '~- ~ . ~ ~ I , ~ J ~ , . , . z . . Q ~ ~ ~ ~~~ 'a- i L~~ ' - . . 3 I I ~ - ~ _ ~ z r- ~[` ~ ~ ; ~~, ~~ ~~ ~ 1 '`I! i ~ l~ ~i ~~ ; ~~~ ~ ,' ~~-~ ~ ~ , ,~~~/;_ ; ,._ ~ . - -- ~~ ~ ~ ~ i i J~~ ~ ~ ~ , ~ ; _ ~L~ . , ~ _ ~~ ~ „ ~, , . ~ , , , _ , , -~ : _ , - ~ ~i ~~ '~ -- , ~ ~ ~ _-. . n_ i„E _ - ' ,;,~ - 1 HAYVv"OQD - _ ,, I ; Attachment 5- Year-by-Year Captured Appraised Value Analysis City of Colleyville Tarrant County TCC GC ISD M&0 Rate 74% GC ISD M&0 Rate 26% Hospital District Total 2013 $ 1,014.140 $ - $ 424,491 $ 2,192.982 $ 770,507 $ - $ 4,402.121 2014 $ 1,077,931 $ - $ 451,192 $ 2,330.923 $ 818,973 $ - $ 4.679,019 2015 $ 1,346,670 $ - $ 563,679 $ 2,912,046 $ 1,023,151 $ - $ 5,845,546 2016 $ 1,471.031 $ - $ 615,734 $ 3.180,966 $ 1.117,637 $ - $ 6.385.368 2017 $ 1,516,410 $ - $ 634,728 $ 3,279.093 $ 1,152,114 $ - $ 6,582,345 2018 $ 1,586,388 $ - $ 664,019 $ 3,430,414 $ 1,205,281 $ - $ 6,886,102 2019 $ 1,604,043 $ - $ 671,409 $ 3,468,591 $ 1.218,694 $ - $ 6.962,737 2020 $ 1,622,803 $ - $ 679,261 $ 3,509,158 $ 1,232,947 $ - $ 7,044,170 2021 $ 1,641.751 $ - $ 687.192 $ 3.550,131 $ 1.247,343 $ - $ 7,126.418 2022 $ 1,660,888 $ - $ 695.202 $ 3,591.514 $ 1.261,883 $ - $ 7,209,488 2023 $ 1,68Q217 $ - $ 703,293 $ 3,633,310 $ 1,276,568 $ - $ 7,293,389 2024 $ 1,699,739 $ - $ 711,464 $ 3,675.525 $ 1,291,401 $ - $ 7,378,128 2025 $ 1,719,456 $ - $ 719,717 $ 3,718,161 $ 1,306,381 $ - $ 7,463,716 2026 $ 1,739.371 $ - $ 728,053 $ 3.761.224 $ 1.321,511 $ - $ 7,550.159 2027 $ 1,759,484 $ - $ 736.472 $ 3,804.718 $ 1,336,793 $ - $ 7,637,466 2028 $ 1,779,799 $ - $ 744,975 $ 3,848,646 $ 1,352,227 $ - $ 7,725,647 2029 $ 1,800,317 $ - $ 753.563 $ 3,893.014 $ 1,367,816 $ - $ 7,814,709 TOtal $ 26,720,439 $ - $ 11,184,444 $ 57,780,415 $ 20,301,227 $ - $ 115,986,526 1) GCISD Revenue is dedicated only to specific projects outlined in the original project and financing plan approved in 1998 and will not be used for any of the projects added after 1998. Exhibit ~~B" - 1998 TIF Boundary Exhibit ~~C" - Expanded Area Legend - _ t ~ ~~ - Expanded Boundary Recommended Parcels -- ~ i- ~ _ _ r I S t i , ~~ ~ ~ i ~' ~I _ ~ i ~. . ~ \ lOHN NICGAIN ~ `:. ~{ _ L ~ ~,~ ~ ~ ~.~ ~ Qp, a. ~ ~ ~ I ''~ ~ - JI ~j ~~ - QP~ ~ ~1 - - _- , I ~ -- I ' -~ 4 c'- ~ ~ ~ -J ~~ -~~ _ _' - I ~ `~ ~% ~ ~ -- ~ ~' ~ - , ~ - ~ ~ { I ~ - i Y _ _ - . .-~' , ~ - ~ _ II I ~y~ .. i I I . I ~ l~.' 1 _ ~, - ~ L__ ~ ~.~ ~ - , 0 - - ~ - ; i ~ 1~ ' a° - - ~~ n - _ ~- ~, I ~_ I ~ ~ ~ ~ BOGART HALUGHNSON ¢ ~ --- - ~ ~ - ~ ~ . . . . . J -~,-`_ I - Q . - _ . UJ. . ~ ~ .. . O _ I - I J Q : I J ' ~ , ~Q C{-~URC. ~ .. , O~ L.~ I ~ . . J I ~ ~ .. . d '-_ y~ ~I - - , I~i , \ ~- I- ` ~ ~~~ - ._ ~ ~ - ~i ~~ ~ -_~"~' -I~ ~ - - ~ ~ ~~ ~~ ~~ i ~ ~ ~~ ~- V i ~~w `~~ ~ ~ - ~ ~ I~ ~ ~A - ~~a~ ~ ~~-~ w - i GATE. r ~: a~ ~ ~ _ ~ I i ~ . , . . ~ . . ~ ~ •: ~ ~: ~ GLADE ~ 1 ~ , '- , ~ ~ id I '. GLADE , . ~ ~ii_ r _ ~-;:.~ ~- ~ ~~`v~ ~~' ~ ~, > .;~~ ~ - ~ ~ ~ ~ _' I ~ ~ ~ I ~r _ ~ ~ L ~ ~~ r , "_ o ~ ~ ~ ..i o ~ - _ _ _ ~ w , ~. :~, ca _~ - c~ m _1 i ~ _, ~ _ . W _ -~. , CHEEKSPARGER _ ~ r . . ~ w ~ . . . - ~ - ~ ~ - , , ~ , . ~ . J . .. ~ . ~ . . Q -~ I . } . , , ~ ~ ~ I _.i. ~~.' ~I L~ ~ ~ 1 . ~ I I _ CJ _ _ . . I ~ ~ // ~ ~ - . _ . . : . _ I ~ ~a . I ~ _ I - - I : . ' i ~~ -. , - ~ ~ - - _ -_ _ ' ~, ~ /~ ` j_ . . ~ _~ I . I .~ T ~ - I~ I I~ ' ~ , - ~ _ . ' - . I _ _ I ":~ I _ _ _ .. _ ~~. ~ ~~ ~._~ I i // , I < , -~ ~.. - - ~ I , ~ ~ - ;,r.~ I~. „ , i '_ , i I ~ : -- NAYWOQD / , , I - ~:. : Exhibit ~~C" - List of Properties to Be Added to the Zone YEAR ACCOUNT PIDN OWNERNl~ME 201206610811 24255 4 4 Padilla,Marco~Etux~naROSa 2012 06610781 24255 4 2 Sallee,Helen(Lenhan) 2012 06610803 24255 4 3 Blaxton, Mathew Etux Stcacy 2012 06610773 24255 4 1 Boyett,Paige &John 2012 06920ll9 24255 12 1~ 09 Colleyville, City Of 2012 06610919 24255 7 ~ 04 Colleyville, City Of 201205965640 ~180 2B01 Blue6onnetHillsCemetery 201203770737 A180 2B El 8luebonnetHillsCemetery 2012 03829022 A 339 5~ Ccdcw Lp 2012 03829057 ~ 339 SA02l~ 20 Ccdcw Lp 2012 06687687 ~1077 1~ 20 Ccdcw Lp 2012 03829030 A1077 1B 20 Chatham, Larry K Etal 2012 03829103 ~ 339 SA02E Chatham,l<eith 2012 03829081 ~ 339 SA02D Ccdcw Lp 2012 03329065 ~ 339 SFl02B Ccdcw Lp 2012 04054687 A1077 1 20 Chatham, Larry K Etal 2012 05919541 41344 1 3 8aerg, Harold 1 Etux Kathleen 201240169324 41346 1 4R1 Myers,DavidW&MaryARev- 2012 40169332 41346 1 4R2 Myers, David W& Mary A Rev - 2012 0281ll15 39608 2 6 Ccdcw Lp 2012 06998097 39608 1 1R Daisy Hill ~cademy Ltd 2012 02811669 39608 2 1 Ccdcw Lp 2012 05919525 41344 1 1 Baerg,Hal 2012 05919533 47344 1 2 Baerg, Hal 2012 02811677 39608 2 2 Ccdcw Lp 2012 02811642 39608 1 3 Covenant Christian Flcademy 2012 02811650 39608 1 4 Wolfe, Kevin & Larry Chatham 2012 02811685 39608 2 3 Ccdcw Lp 2012 02811693 39608 2 4 Ccdcw Lp 2012 0281ll07 39608 2 5 2012 00926396 13660 1 4~ 11 Ccdcw Lp Velasc{uez, Florentino & Daisv 2012 00926361 2012 06069258 2012 4ll96570 2012 00926388 2012 00926604 2012 00926434 2012 00926450 2012 00926485 2012 40ll7750 2012 40ll7793 13662 1 3 2012 40177815 13662 1 4 2012 40177823 13662 1 5 2012 40ll7858 13662 1 6 2012 40ll7874 13662 1 7 2012 00926566 13660 1 23 2012 00926531 13660 1 21 2012 00926558 13660 1 22 2012 00926574 13660 1 24 2012 00926590 13660 1 26 2012 0615ll52 13660 1 25R 2012 00926612 13660 1 29 2012 00926442 13660 1 12 2012 00926507 13660 1 18 2012 00926515 13660 1 19 2012 00926523 13660 1 20 2012 4ll93423 15399F 1 11 2012 40981665 15399F 1 6 2012 40357104 15399F 1 5 2012 4ll93385 15399F 1 7 2012 41193393 15399F 1 8 2012 41193407 15399F 1 9 2012 41193415 15399F 1 10 2012 41193466 15399F 1 13 2012 07ll0351 2012 07ll0335 2012 07170343 2012 06497772 2012 06824919 2012 06515126 1 3R1 3919 Colleyville Blvd Ltd 1 SR1A Lemmon, William M& Carol F~ ~ 1 Hibemia National Bank 1 4 10 Dennie, Paul D Etux Peggy M 1 D 20 Acuff Lane Commercial Prop LI 1 lOR 20 Byerly, Mimi &JeffreyS ADDRE55 LEG~L 1 006901 Longwood Dr Longwood Estates @ Ross Downs 006905 Longwood Dr Longwood Estate5 @ Ross Downs 006903 Longwood Dr Longwood Estates @ Ross Downs 006907 Longwood Dr Longwood Estates @ Ross Downs OOROl Colleyville Blvd Longwood Estates @ Ross Downs W2505 Broadoak Way Longwood Estates @ Ross Downs 005713ColleyvilleBlvd Byas,JLSurvey 005713ColleyvilleBlvd Byas,lLSurvey OOOOOOBedfordCt Christian,AllenSurvey 003804BedfordCt Christian,~IlenSurvey 0038llBedfordCt McLain,LLSurvey OOOOOOBedfordCt McLain,LLSurvey 003716 Bedford Ct Christian, ~Ilen Survey 003714Bedford Ct Christian, ~Ilen Survey 003708BedfordCt Christian,~llenSurvey OOOOOOBedfordCt McLain,LLSurvey LEGl~L2 L~ND IMPROV TOTAL ~CRES Blk 4 Lot 4 $40,000 $353,025 $393,025 030 Blk 4 Lot 2 $40,000 $329,100 $369,100 0.23 Blk 4 Lot 3 $40,000 $333,007 $373,007 0.24 Blk 4 Lot 1 $40,000 $798,100 $33$100 Q26 Blk 12 Lot 1F~ $0 $0 $0 3.07 Blk 7 Lot ~ $0 $0 $0 1256 ~ 180 Tr 2B01 $0 $0 $0 23.61 A 180 Tr 28 $0 $0 $0 950 A 339 Tr 5~ $65,000 $0 $65,OW 2.45 A 339 Ta SA2~ & SA2C $21,420 $0 $21,420 OJl ~1077 Trl~&~339Tr5~lA $26,250 50 $26,250 OJS ~6st 1077 Tr 18 & A339 Tr SF~18 $57,120 $0 $57,120 1.90 ~ 339 Tr 5~02E $21,600 $69,600 $91,200 OJ2 ~ 339 Tr 5~02D $2Q670 50 $2Q670 0.69 ~ 339 Tr 5~02B $39,600 $0 $39,600 132 ~1077 Trl&~339Tr5~1 $57,120 $0 $57,120 1.90 r 001105CheekSpargerRd TaraProfessionalCenter Blk 1 Lot 4R1 r 001109CheekSpargerRd TaraProfessionalCenter Blk 1 Lot 4R2 003708 Wayne Dr Southgate ~dditiomColleyville Blk 2 Lot 6 000919CheekSpargerRd Southgate~dditiomColleyville Blk 1Lot 1R 003916Wayne Dr Southgate F~ddition-Colleyville Blk 2 Lot 1 001001CheekSpargerRd Tara Blk 1 Lot 1 OO1005CheekSpargerRd Tara Blk 1 Lot 2 003908 Wayne Dr Southgate Additioo-Colleyville Blk 2 Lot 2 OOOOOOBedford Ct Southgate AdditiomColleyville Blk 1 Lot 3 OOOOOOBedford Ct Southgate ~dditiomColleyville Blk 1 Lot 4 003816 Wayne Dr Southgate AdditiomColleyville Blk 2 Lot 3 003808 Wayne Dr Southgate ~ddition-Colleyville Blk 2 Lot 4 003716Wayne Dr Southgate F~ddition-Colleyville Blk 2 Lot 5 18305ilversideDr Felps,F~ndy~ddition BIk1N200'Lot4A POBox802736 Felps,F~ndy~ddition Blk 1 Lot 3R1 133ERioRdg Felps,Mdy~ddition Blk 1 Lot SR1A DSBrwdhollowRd ColleyvilleHiberniaAddition Blk ~ Lot 1 200CheekSpargerRd Felps,AndyAddition Blk 1 Lot 4 PO Box550 Felps, AndyAddition Blk 1 Lot 27 7109 Pebble Hill Dr Felps, ~ndy ~ddition Blk 1 Lots 10R & 11R 1 B Moore loeEtuxPeggy 133~cuffLn Felps Andy~ddition Blk 1 Lot 13 ,348 $2,292,567 456 240 $552,940 0.47 061 $445.905 OJ3 50 50 1.66 1.06 0.43 0.41 0.95 0.87 0.91 1.22 $187,350 52ll,650 $405,000 $206,130 5329,370 $535,500 $189,3W $74,041 $263,401 $1,289,805 $1,046,795 $2,336,600 $25,000 $32,100 $57,100 McDowell,TommyNEtuxCynthia 128Cheel<SpargerRd Felps,F~ndy~ddition Blk 1 Lots16&17 $52,500 Morrison,5andy EtvirMichael 4012FeIpsDr Felps,5parger~ddn Blk 1 Lot 1 $25,000 Gomez,Josetto5 4008FeIpsDr Felps,Sparger~ddn Blk 1 Lot 2 $25,000 Jarrell,JohnJrEtuxJanis 4004FeIpsDr Felps,5parger~ddn Blk 1 Lot 3 $25,000 Waitt, Gary MSr 40W Felps Dr Felps, Sparger~ddn Blk 1 Lot 4 $25,000 Baughman, Michael Etux Patti 3914Felps Ct Felps, Sparger~ddn Blk 1 Lot 5 $25,000 Estes, Keith Etux Terrie 3910 Felps Dr Felps, Sparger~ddn Blk 1 Lot 6 $25,000 Estes,KeithLEtuxTerrie 3910FeIpsDr Felps,Sparger~ddn Blk 1 Lot 7 $1 Howell,Dean6 104CheekSpargerRd Felps,Andy~ddition Blk 1 Lot23 $25,500 Chatswolfe Enterprise Llc 4800 Bill Simmons Rd Felps, ~ndy ~ddition Blk 1 Lot 21 535,000 Harris,DKeith lOBCheekSpargerRd Felps,F~ndy~ddition Blk 1 Lot22 $35,000 Hahn,Edward&DorisEst 7500WindsweptTrl Felps,Mdy~ddition Blk 1 Lot24 $86,428 ~cuff Lane Commercial Prop Llc PO Box 550 Felps, Mdy ~ddition Blk 1 Lot 26 $142,200 ~cuff Lane Commercial Prop Llc PO Box 550 Felps, Mdy ~ddition Blk 1 Lot 25R $294,030 Acuff Lane Commercial Prop Llc PO Box 550 Felps, Andy ~ddition Blk 1 Lot 29 $31,500 Lindsey,Vicki 129AcuffLn Felps,AndyAddition Blk 1 Lot12 $25,000 Burns, Edward H& Curtis M 7713 Lexus Dr Felps, Andy ~ddition Blk 1 Lot 18 $35,000 Bums,EdwardH 7713LexusDr Felps,Andy~ddition Blk 1 Lot 19 $35,000 ChatswolfeEntLlc POBox915 Felps,Mdy~ddition Blk 1 Lot20 $35,000 ForrestHeritgaeLlc 005009Heritage~ve GladePoints~ddition Blk 1 Lot 11 $231,820 GreenwayGladePartnersLp 003900GIadeRd GladePoints~ddition Blk 1 Lot 6 $1,087,111 353-365BroadwayRealtyLlc 003908GIadeRd GladePoints~ddition Blk 1 Lot 5 $490,380 BracevilleLlc OOSOO1Heritage~ve GladePoints~ddition Blk 1 Lot 7 $471,150 RccHeritageGladeLtd 005013HeritageAve GladePoints~ddition Blk 1 Lot 8 $0 RccHeritage6ladeLtd OOSOllHeritagel~ve GladePoints~ddition Blk 1 Lot 9 $309,560 WloEnterpriseslnc OOSOOSHeritageAve 61adePOints~ddition Blk 1 Lot 10 $286,050 Rcc Heritage Glade Ltd 005025 Heritage ~ve 61ade Poinri ~ddition Blk 1 Lot 13 $118,710 RccHeritage6ladeLtd 005021Heritage~ve GladePoints~ddition Blk 1 Lot12 $84,040 GPointsScLtd 003930GIadeRd GladePoints~ddition Blk 1Lot 4 $913,373 1 2R GPointsScLtd, 003930GIadeRd GladePoints~ddition Blk 1Lot 2 1 3R 3920GIade Road Llc 003920GIade Rd Glade Points~ddition Blk 1 Lot 3 1 1 ~65TxlnvestorLp 004000GIadeRd GladePointsAddition Blk 1Lot 1 2 1 Tsai Global Llc OOSOOOState Hwy 121 Glade Points ~ddition Blk 2 Lot 1 1 2 Hall, Charlie W Etux Helen F 002100GIade Rd Glade Points~ddition Blk 1 Lot 2 0.43 0.47 0.44 1.97 0.46 0.48 2.33 0.67 1.34 $49,000 $74,500 O58 $63,000 $9$000 0.69 $48,400 $83,400 0.69 $56,572 $143,000 O50 $85,3W $2D,500 036 $77,349 $371,379 OJS $73,500 $105,000 024 $52,600 $77,600 0.67 $42,800 $77,800 0.67 $77,300 $ll2,300 0.67 $3$400 573,400 0.67 5496,655 $728,475 0.53 S~zi,a9o Si,sos,soo i.ii $942,546 $1,432,926 0.94 $261,810 $732,960 OJ2 $0 $0 0.46 $423,400 $732,960 OJl $446,910 $732,960 0.66 SO $118,710 O55 $0 584,040 039 5610,586 $1,523,959 L80 I1,213,047 $2,409,147 3.66 $529,116 $883,608 0.68 12,096,372 $4,049,050 6.40 $343,587 $874,587 0.81 $541,300 $1,528,815 1.04