HomeMy WebLinkAboutTax Increment Finance (TIF) Resolutions (R-02-03)-01/22/2002
RESOLUTION R-02-3
A RESOLUTION AMENDING RESOLUTION R-98-3 AND APPROVING THE
AMENDED TAX INCREMENT FINANCING (TIF) DISTRICT PROJECT PLAN
WHEREAS,
the City of Colleyville 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:
See, 1, THAT the attached amended Tax Increment Financing (TIF) District
Project Plan (Exhibit A) is hereby approved,
AND IT IS SO RESOLVED.
PASSED AND ADOPTED, this January 22, 2002.
TAX INCREMENT FINANCING DISTRICT
BOARD OF DIRECTORS
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ATTEST:
Total Non-TIF TIF
Project Cost Cost Cost
S.H. 26 improvements - raised medians, curb and gutter, drainage, street lighting, 6,350,000 1,500,000 4,850,000
landscaping, traffic signals, water and sanitary sewer
Hall,Johnson Road improvements - roadway construction, R.O.w. acquisition, drainage, 3,300,000 1,400,000 1,900,000
utility adjustments, landscaping, etc.
Main Street improvements, paving, drainage, utilities, traffic signal, signage, street 700,000 700,000
lighting, landscaping, etc.
Church Street improvements - paving, drainage, utilities, traffic signal, signage, street 1,100,000 1,100,000
lighting, landscaping, etc.
Downtown Area improvements - streets, land, public parking, bridge work, sidewalks, 2,200,000 2,200,000
planning and engineering, etc.
Riverwalk Drive improvements' paving, drainage, utilities, signage, street lighting, 1,200,000 1,200,000
landscaping, etc.
Bluebonnet Drive improvements - paving, drainage, utilities, signage, street lighting, 750,000 80,000 670,000
landscaping, etc.
Bogart Road improvements - paving, drainage, utilities, signage, street lighting, 780,000 180,000 600,000
landscaping, etc.
Tinker/Sanders Intersection improvements - paving, drainage, utility adjustments, signage, 220,000 220,000
street lighting, traffic signal, landscaping, etc.
City Hall 3,500,000 3,500,000
Plaza 2,734,360 2,734,360
Public Parking Structure 2,120,960 2,120,960
Storm Water Detention 200,000 200,000
Library 1,7 40,000 1,500,000 240,000
Fire Station 867,500 867,500
John McCain Road 626,000 626,000
Public Parking Lots, Land and Engineering 3,011,180 3,011,180
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
Colleyville TIF
Project Plan
01/23/02
EXHIBIT A
R-02-3