Page 361 - City of Arlington FY19 Adopted Operating Budget

Invest in Our Economy

Goal 1: Enhance Economic Impact Through Development and
Redevelopment Efforts, Partnerships, and Investment Opportunities
Objective 2: Build a Strong and Diverse Business Community
Project Performance Measure(s) City Service Team (Department)
IOE General Business Recruitment and  On‐Site Business Visits Economic Development and Capital
1.2.1 Retention  Recruitment Leads Investment (ED)
 Active Projects (In progress)
Summary:
Approved by City Council Date
The Office of Economic Development is participating Southwest Restaurant Equipment. – First Dec. 2017
in recruitment efforts related to the City’s identified Amendment to the Tax Abatement Agmt.
targeted industry clusters. The adopted clusters are Amended and Restated Agreement to Nov. 2017
1) Aerospace, 2) Automotive Products, 3) Business Participate in TIRZ #6 (Tarrant County
and Professional Services, 4) Medical Devices, and 5) College District)
Industrial Machinery and Manufacturing. GM Financial (AmeriCredit Financial Services Jan. 2018
First Amendment to Chapter 380 Agreement
As outlined in the Economic Development Strategy, Ricos Products Company Chapter 380 Grant Jan. 2018
the Office works to generate leads and recruit Agreement
companies within these industry clusters, which will Agreed Termination Ricos Products Jan. 2018
assist in reaching one of the City’s primary economic Company Tax Abatement Agreement
development goals – competitive positioning, Rent the Runway – Chapter 380 Agreement Feb. 2018
allowing the City to capture a larger share of high‐
Southwest Restaurant Equipment Second Apr. 2018
wage, high‐impact growth. Amendment to the Tax Abatement

101 Center Mixed Use Development Project Apr. 2018
As recruitment leads are generated and projects Third Amendment to the First Amended and
arise, they will be identified and tracked under their Restated Ground Lease
respective clusters. Staff will continue to develop Amended and Restated Chapter 380 Apr. 2018
knowledge of the business climate that may lead to a Program Agreement for Economic
compelling case for industry prospects to locate in Development Incentives
Arlington. Resolution reappointing two Directors for Apr. 2018
the Viridian Municipal Management District
Targeted Amendment No. 2 to Tarrant County College May 2018
Aerospace Automotive Products Medical Devices Industrial Manufacturing Business and Professional Increment Reinvestment Zone #4 May 2018
Industry District Agreement to Participate in Tax
Leads
Amendment No. 2 to Tarrant County
Agreement to Participate in Tax Increment
Reinvestment Zone #4
st
1 Quarter 4 6 1 Amendment No. 2 to Tarrant County May 2018
2 nd Q u a r t e r 3 5 5 Hospital District Agreement to Participate in
rd
3 Quarter 1 1 5 5 Tax Increment Reinvestment Zone #4
th
4 Quarter 1 1 3 7 Ordinance Terminating TIRZ #4 May 2018
Assignment of Rights and Obligations under June 2018
a Tax Abatement Agreement with TST
Arlington IRF, LLC
Chapter 380 Program Agreement with June 2018
Fielder Plaza LP
Interlocal Agreement Regarding Northern Aug. 2018
Tool & Equipment, Inc. Project

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