Page 232 - Fort Worth City Budget 2019

Tax Increment Reinvestment Zone Fund

TIF #9 – Trinity River Vision

FUND SUMMARY

Change from FY2018
FY2017 FY2018 FY2018 FY2019 Adopted
Final Adopted Adjusted Adopted Amount %
Property Tax 1,361,167 1,948,430 1,948,430 2,014,113 65,683 3.26%
Intergovernmental 1,735,406 2,444,065 2,444,065 2,297,671 (146,394) -6.37%
Use of Money & Property 6,306 1,143 1,143 1,147 4 0.35%
Use of Fund Balance - 228,684 - - (228,684) 0.00%
Revenue $ 3,102,879 $ 4,622,322 $ 4,393,638 $ 4,312,931 $ (309,391) -7.17%

Gen Operating & Maintenance 302,983 4,622,322 4,393,638 4,312,931 (309,391) -7.17%
Debt Service Accts 2,874,789 - - - - 0.00%
Transfer Out & Other - - - - - 0.00%
Expenses $ 3,177,773 $ 4,622,322 $ 4,393,638 $ 4,312,931 $ (309,391) -7.17%

FUND PURPOSE AND GOALS

Tax Increment Financing District (TIF) #9 Trinity River Vision was created in December 2003 to promote
redevelopment along the Trinity River, while creating mixed-use development. It included a total of 1,380 acres.
It was expanded in 2009 to include a total of 2,600 acres to allow, among other things, for Gateway Park to be
used for hydraulic valley storage and provide the necessary flood protection associated with the bypass channel
flood control project. The expansion further allowed TIF funds to be utilized for public improvements in both the
Northside and Gateway Park areas. These multipurpose sites will also provide recreation and transportation
improvements. The TIF will end its term in 2044. (Please see TIF #9A).
TIF 9 & 9A 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: The primary goal for the Central City Project is flood control, while secondary goals include continuity of
trails, enhanced open space and recreational areas, linkages to nearby neighborhoods, conservation and
environmental restoration for improved water quality and wildlife habitat. The bypass channel will generally
follow the current path of the Fort Worth and Western Railroad, and when combined with the historic Oakwood
Cemetery will provide greenspace that transition between the proposed urban developments and the historic
Northside neighborhoods. In addition to the flood improvement infrastructure constructed in the near Northside
area, the Central City Project also calls for improvements within the existing Trinity River Corridor to manage flood
waters and provide a better use of the flood plain for the public. The project will address the efficiency of the new
bypass channel with excavation, fill, and ecosystem restoration enhancements that will provide hydraulic valley
storage for the project.

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