Page 230 - Fort Worth City Budget 2019

Tax Increment Reinvestment Zone Fund

TIF #7A – North Tarrant Parkway

FUND SUMMARY

Change from FY2018
FY2017 FY2018 FY2018 FY2019 Adopted
Final Adopted Adjusted Adopted Amount %
Property Tax 204,125 208,722 208,722 221,778 13,056 5.89%
Intergovernmental 74,956 70,359 70,359 83,057 12,698 15.29%
Use of Money & Property 4,828 49 49 - (49) 0.00%
Use of Fund Balance - - - 809,535 809,535 100.00%
Revenue $ 283,908 $ 279,130 $ 279,130 $ 1,114,370 $ 835,240 74.95%

Gen Operating & Maintenance - 271,730 271,730 1,114,370 842,640 75.62%
Transfer Out & Other 6,739 7,400 7,400 - (7,400) 0.00%
Expenses $ 6,739 $ 279,130 $ 279,130 $ 1,114,370 $ 835,240 74.95%

FUND PURPOSE AND GOALS

Tax Increment Financing District (TIF) #7A North Tarrant Parkway was created in December 2003 to provide for
road infrastructure improvements to support property development. The original boundary bisected portions of
Harmon Road on the west and Old Denton Road on the east which included a total of 2,008 acres. The expansion
of the TIF boundaries in 2008 included all portions of those roads adjacent to the TIF north of North Tarrant
Parkway so that public improvements could be made to those roadways. In addition, the northwestern boundary
bisected a proposed subdivision that was platted after the North Tarrant Parkway TIF was first designated. The
2008 expansion adjusted the original boundary as well and included a total of 95 acres. The TIF is slated to end in
2019. (Please see TIF #7).
TIF 7 & 7A financials are accounted for separately by Tarrant Appraisal District (TAD). When the TIF boundary was
expanded, the expansion area had a different base year than the original TIF; therefore, the increment amounts
must be calculated separately; however, they are one legal entity.

Projects Include: Road construction supporting the Presidio Vista and the Hospital Corporation of America (HCA)
Alliance projects.

Project and Financing Plan last amended on October 25, 2005.

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