Page 236 - Fort Worth City Budget 2019

Tax Increment Reinvestment Zone Fund

TIF #12 – East Berry Renaissance

FUND SUMMARY

Change from FY2018
FY2017 FY2018 FY2018 FY2019 Adopted
Final Adopted Adjusted Adopted Amount %
Property Tax 528,416 586,929 586,929 647,010 60,081 9.29%
Intergovernmental 331,202 382,501 382,501 422,806 40,305 9.53%
Use of Money & Property 6,891 3,375 3,375 4,960 1,585 31.96%
Use of Fund Balance - 674,944 663,001 994,522 319,578 32.13%
Revenue $ 866,509 $ 1,647,749 $ 1,635,806 $ 2,069,298 $ 421,549 20.37%

Gen Operating & Maintenance 634,775 1,619,822 1,607,879 2,052,095 432,273 21.06%
Transfer Out & Other 20,189 27,927 27,927 17,203 (10,724) -62.34%
Expenses $ 654,964 $ 1,647,749 $ 1,635,806 $ 2,069,298 $ 421,549 20.37%

FUND PURPOSE AND GOALS

Tax Increment Financing District (TIF) #12 East Berry Renaissance was created in July 2006 to help fund public
infrastructure improvements along the East Berry Street Corridor and promote redevelopment and growth
throughout the area. The TIF included a total of 604 acres and a term ending in 2027.

Projects Include: East Berry Corridor street, traffic, drainage, and other infrastructure improvements; public
infrastructure associated with development (for example, Renaissance Square), other TIF eligible expenses such
as environmental remediation (for example, in support of the Men’s Collection project), and administration.

Project and Financing Plan approved on June 19, 2007.

236