Page 383 - FY 2009 Proposed Budget

Invest in Our Economy

Goal 1: Enhance Economic Impact Through Development and
Redevelopment Efforts, Partnerships, and Investment Opportunities
Objective 2: Build a Strong and Diverse Business Community
Project Performance Measure(s) City Service Team (Department)
IOE Business Recruitment and  Recruitment Leads Economic Development and
1.2.1 Retention  Leads to Prospects Capital Investment (ED)
 Percentage of Agreements in Compliance
Summary:
Approved Agreements Date
The Office of Economic Development is participating Downtown Arlington Management Corporation Oct. 2019
in recruitment efforts related to the City’s identified Economic Services Contract
targeted industry clusters. The adopted clusters are 1)
Downtown Arlington Management Corporation Oct. 2019
Aerospace, 2) Automotive Products, 3) Business and – First Amendment to the Professional
Professional Services, 4) Medical Devices, and 5) Management and Improvement Services
Industrial Machinery and Manufacturing. Six Flags Entertainment Corporation Chapter 380 Oct. 2019
Program Agreement
As outlined in the Economic Development Strategy, Exeter Bardin Land, L.P. – Agreed Termination of Oct. 2019
the Office works to generate leads and recruit Chapter 380 Program Agreement
companies within these industry clusters, which will
United Parcel Service – First Amendment to Oct. 2019
assist in reaching one of the City’s primary economic Amended and Restated Chapter 380 Program
development goals – competitive positioning, allowing
International Bowling Campus, LLC – Agreed Nov. 2019
the City to capture a larger share of high‐wage, high‐
impact growth. Termination of Chapter 380
TIRZ Number Five Term Extension and increasing Dec. 2019
the percentage of City tax increment First
As recruitment leads are generated and projects arise,
they will be identified and tracked under their Reading
TIRZ Number Five Amended Project Plan and Dec. 2019
respective clusters. Staff will continue to develop
knowledge of the business climate that may lead to a Financing Plan First Reading
compelling case for industry prospects to locate in Hotel and Convention Center Economic Dec. 2019
Development Performance Agreement
Arlington.
Mixed Use, Residential, and Office Development Dec. 2019
Update: Economic Development and Reimbursement
Agreement
Targeted Economic Development Incentive Agreement for Dec. 2019
Aerospace Automotive Products Medical Devices Industrial Manufacturing Business and Professional – TIRZ Number One Tarrant County Feb. 2020
Industry Hotel Project – First Amendment
Leads Amended and Restated Participation Agreement Feb. 2020

Amended and Restated Participation Agreement
– TIRZ Number One Tarrant County Hospital
Viridian MMD Board Reappointment Mar. 2020
1 Quarter 1 1 1 Southwest Restaurant Equipment First June 2020
st
nd
2 Quarter 2 1 Amendment to Chapter 380 Agreement
rd
3 Quarter 4 1 4 Tax Increment Reimbursement Agreement by June 2020
th
4 Quarter 2 1 2 1 2 and between Urban Front, LLC
Tax Increment Reimbursement Agreement by June 2020
and between Main 7, LLC
Amended and Restated Participation Agreement June 2020
– TIRZ Number One Tarrant County College
District

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