Page 238 - Fort Worth City Budget 2019

Tax Increment Reinvestment Zone Fund

TIF #14 – Trinity Lakes

FUND SUMMARY

Change from FY2018
FY2017 FY2018 FY2018 FY2019 Adopted
Final Adopted Adjusted Adopted Amount %
Property Tax 662,027 828,770 828,770 879,638 50,868 5.78%
Intergovernmental 149,933 185,665 185,665 204,642 18,977 9.27%
Use of Money & Property 20,131 10,394 10,394 1,320 (9,074) -687.42%
Use of Fund Balance - 2,078,739 2,078,739 3,383,925 1,305,186 38.57%
Revenue $ 832,091 $ 3,103,568 $ 3,103,568 $ 4,469,525 $ 1,365,957 30.56%

Gen Operating & Maintenance - 3,072,671 3,072,671 4,449,910 1,377,239 30.95%
Transfer Out & Other 16,242 30,897 30,897 19,615 (11,282) -57.52%
Expenses $ 16,242 $ 3,103,568 $ 3,103,568 $ 4,469,525 $ 1,365,957 30.56%

FUND PURPOSE AND GOALS

Tax Increment Financing District (TIF) #14 Trinity Lakes was created in November 2012 to help finance public
infrastructure improvements in the area such as public improvements to arterials (Trinity Boulevard and Precinct
Line Road), the Trinity Trails system, way finding signage, transit improvements, public parking facilities, land
acquisition, and other TIF−eligible costs to help encourage redevelopment in the Trinity Lakes area. The TIF
included a total of 1,800 acres and will end its term in 2032.

Projects: The TIF Board has approved a project for design, engineering, utility relocation, storm drainage
improvements, streetscape, and traffic signals related to Trinity Boulevard. Future possible project include similar
work on Precinct Line, improvements to the Trinity Trails System, construction of streets within new mixed-use
developments, way finding signage, waterfront improvements, parks, bicycle facilities; transit facility land
acquisition, parking, other improvements; and administration.

Project and Financing Plan approved on February 5, 2013.

238