Page 228 - Fort Worth City Budget 2019

Tax Increment Reinvestment Zone Fund

TIF #6 – Riverfront

FUND SUMMARY

Change from FY2018
FY2017 FY2018 FY2018 FY2019 Adopted
Final Adopted Adjusted Adopted Amount %
Property Tax - - - - - 0.00%
Intergovernmental 110,243 70,875 70,875 - (70,875) 0.00%
Use of Money & Property 707 368 368 717 349 48.68%
Use of Fund Balance - 73,610 73,610 182,087 108,477 59.57%
Revenue $ 110,950 $ 144,853 $ 144,853 $ 182,804 $ 37,951 20.76%

Gen Operating & Maintenance - 144,853 144,853 182,804 37,951 20.76%
Transfer Out & Other - - - - - 0.00%
Expenses $ - $ 144,853 $ 144,853 $ 182,804 $ 37,951 20.76%

FUND PURPOSE AND GOALS

Tax Increment Financing District (TIF) #6 Riverfront was created in November 2002 to promote the development
of north downtown primarily near the RadioShack campus. It encompasses a total of 63.6 acres and its term will
end in 2036.

Projects include: Property acquisition; utility relocations and upgrades; pedestrian and streetscape improvements;
roadway and storm drain improvements; public plaza; waterfront development; and demolition.

Project and Financing Plan approved on March 4, 2003.

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