Page 235 - Fort Worth City Budget 2019

Tax Increment Reinvestment Zone Fund

TIF #10A – Lonestar

FUND SUMMARY

Change from FY2018
FY2017 FY2018 FY2018 FY2019 Adopted
Final Adopted Adjusted Adopted Amount %
Property Tax 101,070 101,221 101,221 83,477 (17,744) -21.26%
Intergovernmental 37,618 38,737 38,737 31,198 (7,539) -24.17%
Use of Money & Property 349 1 1 973 972 99.90%
Use of Fund Balance - 34 34 - (34) 0.00%
Revenue $ 139,037 $ 139,993 $ 139,993 $ 115,648 $ (24,345) -21.05%

Gen Operating & Maintenance - 139,993 139,993 115,648 (24,345) -21.05%
Transfer Out & Other 138,297 - - - - 0.00%
Expenses $ 138,297 $ 139,993 $ 139,993 $ 115,648 $ (24,345) -21.05%

FUND PURPOSE AND GOALS

Tax Increment Financing District (TIF) #10A Lone Star was created in June 2004 to encourage the development of
public space and infrastructure on and near the site of Cabela’s, a 200,000 square-foot hunting and outdoor retail
facility. When TIF #10 was created, a portion of land within the TIF boundary was not within the City of Fort Worth,
and the Project and Financing Plan states that the intention was to annex that portion if possible and add it to the
TIF District. This was accomplished in 2008 with acreage being 981 and an end of term in 2025. (Please TIF #10A).

TIF 10 & 10A 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: water, sewer, road, storm drainage improvements and public exhibition space.
Project and Financing Plan approved on September 21, 2004.

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