Page 367 - City of Arlington FY19 Adopted Operating Budget

property taxes on each of the new developments after
issuance of the certificate of occupancy. Urban Union Status Date
Amendments: In Fall of 2014, the city altered the real TIRZ #1 Board Action on 100% Mar. 2016
property grants, converting the first ten years into tax Reimbursement
abatements, with the remaining timeframe to continue as Agreement
annual grants. This revision was done to facilitate Tarrant City Council Action on TIRZ 100% Mar. 2016
County participation through real property tax abatement Agreement
as well. TIRZ #1 Reimbursement 100% Apr. 2016
Agreement Executed
Update: Plans have been submitted for Phase II (IC) and Phase 1 – Building Permit 100% Apr. 2016
th
will go before City Council on November 13 . Issued

Phase 1 – Under 100% Apr. 2016
Urban Union Construction
Type: Redevelopment of buildings near the intersections of Phase 1 – Complete (CO 100% Dec. 2016
Division St., East St., and Front St in Downtown Arlington Issued)
Capital Investment: $20 million
Phase 2 – Building Permit 100% Oct. 2016
Size: 60,000 sq. ft. Issued
Deal: Located in Tax Increment Reinvestment Zone #1, the Phase 2 – Under 100% Oct. 2016
project will receive TIRZ #1 funding to assist in the public Construction
improvement costs associated with the development.
Phase 2 – Complete (CO 100% Sept. 2017

Issued)
Update: They recently closed on purchased land and are
Phase 3 – Building Permit
now in the process of designing plans for Phase III.
Issued
Liv+ Phase 3 – Under
Construction
Type: Student apartment complex
Address: 1001 S. Center Street Phase 3 – Complete (CO
Issued)
Capital Investment: $41 million
Units: 265
Deal: The City provided a Chapter 380 Agreement for Liv + Status Date
infrastructure costs including off‐site water and sewer City Incentive Agreements 100% Nov. 2016
improvements, franchise utility relocations and public Drafted
sidewalks. Under Construction 90% Sept. 2018
Certificate of Occupancy
Update: Sign permits have been submitted and are Issued – Office
currently pending.
Columbia Medical Center of Arlington Status
Columbia Medical Center of Arlington Subsidiary, LP (MCA) Project
(MCA) (Healthcare/Medical) Agreements Drafted Complete
Type: Medical Hospital Reinvestment Zone Established (#40) Complete
Capital Investment: $90 million City Council action – Tax Abatement Complete
Size: 20,000 sq. ft. expansion Agreement
Employees: 50 Phase I Building Permit Issued Complete
Deal: The City provided a real property tax abatement to Phase I Under Construction Complete
offset some of MCA’s construction costs. Phase I Project Complete (CO Issued) Complete

Phase II Building Permit Issued Complete
Update: They are well underway with construction to Phase II Under Construction Underway
enhance the ICU and Medical Oncology Departments. Phase II Project Complete (CO Issued)
These projects are scheduled to be completed by first
quarter 2020. The interior renovations on 4th floor patient
rooms and the 5th floor nursery are nearing completion.
Phase III projects will commence immediately after phase
II has been completed. The OED will continue to monitor
progress and provide assistance as needed.

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