Backup — original pdf

Backup

For March 2020: Update costs for alternative Statesman & Crockett layout Template for February 2020 Physical Framework Cost Update A FINANCIAL FRAMEWORK TO FUND THE VISION OPERATIONS & MAINTENANCE TRANPORTATION & INFRASTRUCTURE OPEN SPACES (Parks, AFFORDABLE Trails, Plazas) HOUSING g n i t e e M B A W C S h c r a M : S N O I T C A R T T A G N M O C I PRIVATELY FUNDED Baseline Development Requirement Bonus Development Requirement Public Improvement District Philanthropy (Conservancy) PUBLICLY FUNDED Tax Increment Finance (TIF) Capital Improvement Projects (CIP) Public Utilities Affordable Housing (AHTF, tax credits) ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ DECISIONS BEFORE THE CITY COUNCIL PROJECT COSTS PRIVATE & PUBLIC REVENUE STREAMS SCW Infrastructure & Public Realm Determine: Identify Projects for TIF Project Plan Affordable Housing Gap Finance Determine: Depth of Affordability Location City commitment @ One Texas Center Developer Contributions & Bonus Fees Determine: Bonus Fee & Structure w/ Regulating Plan Philanthropy Determine: City relationship with economic entity and/or potential conservancy Public Funds - CIP Funds - Utilities - Affordable Housing $$ - Tax Increment Finance Determine: Portion of TIF set aside for SCW TIRZ Share of other public funds Establish: SCW Tax Increment Refinance Zone Authorize: Creation of an Economic Development Entity Adopt: SCW Regulating Plan