Page 150 - Kennedale Budget FY21

FUND DETAIL: TIF 1 NEW HOPE ROAD FUND
21 | TIF #1 (NEW HOPE) FUND 2020–2021
REVENUES APPROVED
21-4401-00-00 INVESTMENT INCOME 700
21-4516-00-00 INTERGOV - TARRANT COUNTY 24,659
2012 BASE YEAR EQUALS $17,655,478; 75%
PARTICIPATION RATE, MAX PARTICIPATION $2,481,849
21-4517-00-00 INTERGOV - TARRANT HOSPITAL 15,767
2012 BASE YEAR EQUALS $17,655,478; 50%
PARTICIPATION RATE, MAX PARTICIPATION $1,427,690
21-4518-00-00 INTERGOV - TARRANT COLLEGE 2012 BASE YEAR EQUALS $17,655,478; 50% 9,145
PARTICIPATION RATE, MAX PARTICIPATION $939,000
21-4519-00-00 INTERGOV - CITY OF KENNEDALE 2012 BASE YEAR EQUALS $17,655,478; 100% 102,462
PARTICIPATION RATE
21-4945-00-00 TRANSFER IN - ROADWAY IMPACT FUND QUALIFYING TIF PROJECTS 10,000
TOTAL REVENUES $ 162,734

21 | TIF #1 (NEW HOPE) FUND 2020–2021
EXPENDITURES APPROVED
21-5570-01-00 SPECIAL SERVICES -
21-5580-01-00 ENGINEERING SERVICES NEW HOPE ROAD ENGINEERING ($225,676 CONTRACT -
WITH FREESE AND NICHOLS)
NEW HOPE ROAD ENGINEERING FOR SEWER LINE
EXTENSION TO TEXAS RACEWAY ($119,920 CONTRACT
WITH FREESE AND NICHOLS)
21-5717-01-00 TRANSFER OUT - STREETS FUND TRANSFER OUT TO RETURN BLOXOM PARK ROAD -
FUNDS
TOTAL EXPENDITURES $ -

P A R T I C I P A N T S
City of Kennedale: 100%
(MAX. $2,481,849)

Tarrant County: 75%
(MAX. $2,481,849)

Tarrant County College
District: 50% (MAX. $939,000)

Tarrant County Hospital
District: 50% (MAX. $1,427,690)
C O M P L E T E D P R O J E C T S
 New Hope Road: Sewer Line Route Study

 Bloxom Park Road: Water and Wastewater Lines and Street

P R O J E C T S U N D E R W A Y
 New Hope Road: Wastewater Line and Street Engineering

D E V E L O P M E N T S S E C U R E D
 Kennedale Seniors, Ltd.

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