Page 227 - Fort Worth City Budget 2019

Tax Increment Reinvestment Zone Fund

TIF #4 – Southside Medical District

FUND SUMMARY

Change from FY2018
FY2017 FY2018 FY2018 FY2019 Adopted
Final Adopted Adjusted Adopted Amount %
Property Tax 3,050,966 3,446,860 3,446,860 4,490,509 1,043,649 23.24%
Intergovernmental 1,370,462 1,567,530 1,567,530 2,007,173 439,643 21.90%
Use of Money & Property 120,832 71,275 71,275 65,406 (5,869) -8.97%
Transfer In 6,956 - 6,956 - - 0.00%
Use of Fund Balance - 14,254,977 11,570,393 14,015,292 (239,685) -1.71%

Revenue $ 4,549,216 $ 19,340,642 $ 16,663,014 $ 20,578,380 $ 1,237,738 6.01%

Gen Operating & Maintenance 2,492,327 19,340,642 16,663,014 20,578,380 1,237,738 6.01%
Expenses $ 2,492,327 $ 19,340,642 $ 16,663,014 $ 20,578,380 $ 1,237,738 6.01%

FUND PURPOSE AND GOALS

Tax Increment Financing Dist. (TIF) #4 Southside Medical Dist., was created in November 1997 to promote the
revitalization of Fort Worth's near Southside neighborhood and medical district to ensure the area becomes an
economically viable, mixed-use, central city neighborhood. It encompassed a total of 1,278 acres and its end of
term is 2022.

Projects include: business development and retail (including Midtown Mixed Use, the Mehl Building, and Victory
Medical), parking structures (Magnolia Green), neighborhood parks (for example, Watts Park), residential (for
example, the Phoenix and Oak Timbers), schools (Fort Worth ISD), signage (Way finding), streetscapes and
transportation/infrastructure improvements (including Oleander, Magnolia, Rosedale, South Main streets), and
administration.

Project and Financing Plan last amended December 11, 2012.

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