Page 237 - Fort Worth City Budget 2019

Tax Increment Reinvestment Zone Fund

TIF #13 – Woodhaven

FUND SUMMARY

Change from FY2018
FY2017 FY2018 FY2018 FY2019 Adopted
Final Adopted Adjusted Adopted Amount %
Property Tax 682,500 764,076 764,076 1,211,650 447,574 36.94%
Intergovernmental 365,955 434,459 434,459 695,861 261,402 37.57%
Use of Money & Property 12,072 7,449 7,449 15,807 8,358 52.88%
Use of Fund Balance - 1,489,833 1,481,284 3,179,154 1,689,321 53.14%
Revenue $ 1,060,527 $ 2,695,817 $ 2,687,268 $ 5,102,472 $ 2,406,655 47.17%

Gen Operating & Maintenance - 2,678,574 2,670,025 5,071,799 2,393,225 47.19%
Transfer Out & Other 2,239 17,243 17,243 30,673 13,430 43.78%
Expenses $ 2,239 $ 2,695,817 $ 2,687,268 $ 5,102,472 $ 2,406,655 47.17%

FUND PURPOSE AND GOALS

Tax Increment Financing District (TIF) #13 Woodhaven was created in November 2007 to help fund public
infrastructure improvements that will provide a "foundation for development" to encourage and support the long-
term public needs of the neighborhood and to secure mixed-use economic growth opportunities in the
Woodhaven area. The TIF included a total of 1,100 acres and a term ending in 2028.

Possible Future Projects Include: corridor improvements through street, traffic, utility, drainage, and other public
infrastructure projects; public infrastructure associated with property redevelopment; gateway enhancements,
and administration.

Project and Financing Plan approved on June 27, 2008.

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