Page 386 - Microsoft Word - FY 2020 Adopted Budget Document

Urban Union
Type: Redevelopment of buildings near the intersections of Urban Union Status Date
Division St., East St., and Front St in Downtown Arlington TIRZ #1 Board Action on 100% Mar. 2016
Capital Investment: $20 million Reimbursement
Size: 60,000 sq. ft. Agreement
Deal: Located in Tax Increment Reinvestment Zone #1, the City Council Action on TIRZ 100% Mar. 2016
project will receive TIRZ #1 funding to assist in the public Agreement
improvement costs associated with the development. TIRZ #1 Reimbursement 100% Apr. 2016
Agreement Executed
Update: COs have been obtained for Phase 3. Phase 1 – Building Permit 100% Apr. 2016
Issued
Columbia Medical Center of Arlington Subsidiary, LP
Phase 1 – Under 100% Apr. 2016
(MCA) (Healthcare/Medical) Construction
Type: Medical Hospital Phase 1 – Complete (CO 100% Dec. 2016
Capital Investment: $90 million Issued)
Size: 20,000 sq. ft. expansion
Phase 2 – Building Permit 100% Oct. 2016
Employees: 50 Issued
Deal: The City provided a real property tax abatement to Phase 2 – Under 100% Oct. 2016
offset some of MCA’s construction costs. Construction

Phase 2 – Complete (CO 100% Sept. 2017
Update: The four‐story medical office building and seven‐
Issued)
story parking structure is well underway. The new parking
Phase 3 – Flat Work 100% Mar. 2019
structure will provide ample parking for both physicians
and patients. The medical office building will have modern Phase 3‐ Certificate of 100% Sept. 2019
medical offices and support the addition of new physicians Occupancy
to provide better care to patients. The expansion project
is part of Medical City Healthcare’s major capital Columbia Medical Center of Arlington Status
investment initiative of more than $1.7B committed over (MCA) Project
five years. This includes the newly renovated Women’s Agreements Drafted Complete
Hospital and Level III Neonatal Intensive Care Unit. The Reinvestment Zone Established (#40) Complete
entire project is anticipated to be completed by Spring City Council action – Tax Abatement Complete
2020. Agreement
Phase I Building Permit Issued Complete
General Motors (Assembly) Phase I Under Construction Complete
Type: Assembly Plant Renovation and Expansion Phase I Project Complete (CO Issued) Complete
Capital Investment: $1.4 billion Phase II Building Permit Issued Complete
Size: 1,200,000 sq. ft. expansion Phase II Under Construction Underway
Employees: 4,000+ retained Phase II Project Complete (CO Issued)
Deal: To assist GM, the City offered an incentive package
including tax abatements to real and business personal
General Motors Status
property and fee waivers. Agreements Drafted Complete
City Council action – Tax Abatement Complete
Update: Certificate of Occupancy for expansion Agreement/Fee Waivers
improvements was issued in June. New sewer line is under
Building Permit Issued Complete
design. Currently, the company is installing process
Under Construction Complete
equipment. Staff is reviewing fire line issue in new Shell (CO Issued) Complete
construction area.

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