Office of Economic Development

The available records identify this entity, but do not yet include a plain-English role description.

1. Wed, Jun 101 item
   1. Authorize a business personal property tax abatement agreement with Amarumayu, LLC and/or affiliates for a period of 10 years in an amount equal to the City’s taxes assessed on 50 % of the increased taxable value of the business personal property resulting from the Project to be located on real property addressed as 9078 Van Horn Drive, Dallas, Texas 75241, in accordance with the City’s Economic Development Incentive Policy - Estimated Revenue Foregone $1,380,448.00 over a ten-year period *In alignment with Economic Development Incentive Policy.The city department overseeing the incentive agreement.
2. Wed, May 271 item
   1. A public hearing to receive comments on proposed amendment of the Project Plan and Reinvestment Zone Financing Plan (“Plan”) for Tax Increment Reinvestment Zone Number Eighteen, the Maple/Mockingbird Tax Increment Financing District (“Zone”) to: (1) increase the geographic area of the Zone by approximately 9.3 acres to add the property currently addressed as 1545 West Mockingbird Lane; (2) make corresponding modifications to the Zone’s boundary and Plan; and (3) include findings that (a) vacant and underutilized property in the proposed expansion area substantially arrests or impairs the sound growth of the City, (b) development or redevelopment in the proposed expansion area will likely not occur solely through private investment in the foreseeable future, and (c) inclusion of the proposed expansion area will have an overall benefit to, and further the purposes of, the Zone; and, at the close of the public hearing, consider an ordinance amending Ordinance No. 27435, previously approved on December 10, 2008, as amended, and Ordinance No. 27690, previously approved on September 23, 2009, to reflect these amendments - Financing: No cost consideration to the City *In alignment with Economic Development Incentive Policy.The body responsible for the proposal.

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