Project Specs Flashcards
(218 cards)
1
Q
Hilton Annex
Developer Name & Company
A
Farukh Aslam and Binny Aslam;
Hotel Texas Annex, LLC
2
Q
Hilton Annex
Minimum Private Investment
A
$33 million
3
Q
Hilton Annex
Project Use
A
Mixed-Use;
Corporate/Furnished Apartments;
Renovation of currently vacant hotel annex
4
Q
Hilton Annex
Address
A
815 Commerce St.
5
Q
Hilton Annex
Min. Number of Rental Units
A
125 units
6
Q
Hilton Annex
Affordability Requirement
A
80% Market, 20% Affordable for 15 years
7
Q
Hilton Annex
SF Retail
A
6,000 sf
8
Q
Hilton Annex
Value ROW/Streetscape Improvements
A
Min. $1.5 million
9
Q
Hilton Annex
Value Exterior Envelop and Historic Restoration Improvements
A
Min. $1.5 million
10
Q
Hilton Annex
Value Environmental Abatement
A
Min. $1 million
11
Q
Hilton Annex
Value Environmental Abatement
A
Min. $1 million
12
Q
Hilton Annex
Minimum FTEs Required
A
10 FTEs
13
Q
Hilton Annex
MWBE Requirements
A
25% MWBE Goal
14
Q
Hilton Annex
Incentive Type
A
TIF 380
15
Q
Hilton Annex
Incentive Amount
A
$4,766,667
16
Q
Hilton Annex
Incentive Payout
A
6 annual payments after completion;
Year 1: $1,833,333
Year 2-6: $586,667
17
Q
Hilton Annex
Private-to-Public Ratio
A
9.2 (NPV)
18
Q
Hilton Annex
Date Approved by Board
A
4/8/2015
19
Q
Sinclair Building
Developer Name & Company
A
Farukh Aslam and Binny Aslam;
Sinclair Holdings, LLC
20
Q
Sinclair Building
Minimum Private Investment
A
$32 million
21
Q
Sinclair Building
Project Use
A
4-star Autograph Hotel
22
Q
Sinclair Building
Address
A
512 Main St.
23
Q
Sinclair Building
Min. Number of Keys
A
160 keys
24
Q
Sinclair Building
Value ROW/Streetscape Improvements
A
Min. $1.5 million
25
# Sinclair Building
Value Exterior Envelop and Historic Restoration Improvements
Min. $1.5 million
26
# Sinclair Building
Value Environmental Remediation and Code Compliance
Min. $500,000
27
# Sinclair Building
Minimum FTEs Required
100 FTEs
28
# Sinclair Building
MWBE Requirements
25% MWBE Goal
29
# Sinclair Building
Completion Deadline
12/31/2017
30
# Sinclair Building
Incentive Type
TIF 380
31
# Sinclair Building
Incentive Amount
$3,459,459
32
# Sinclair Building
Incentive Payout
6 annual payments after completion;
Year 1: $864,865
Year 2-6: $518,919
33
# Sinclair Building
Private-to-Public Ratio
12.5 (NPV)
34
# Sinclair Building
Date Approved by Board
3/5/2015
35
# 515 Houston St.
Developer Name & Company
Farukh Aslam and Binny Aslam;
Fossil Creek Land Partners, LLC
36
# 515 Houston St.
Minimum Private Investment - Phase 1
$3 million
37
# 515 Houston St.
Minimum Private Investment - Phase 2
$0 (spa delivery commitments only)
38
# 515 Houston St.
Minimum Private Investment - Phase 3
$17 million
39
# 515 Houston St.
Project Use
Mixed-Use retail, office, spa, hotel banquet, hotel service, and data center
40
# 515 Houston St.
Address
515 Houston St. (Sanger Bros. Bldg., Color Tile Bldg.)
41
# 515 Houston St.
Min. SF Meeting or Banquet Space (Phase 1)
8,000 sf
42
# 515 Houston St.
Min. SF Spa (Phase 2)
8,000 sf
43
# 515 Houston St.
Min. SF Office (Phase 3)
18,000 sf
44
# 515 Houston St.
Min. SF Data Center (Phase 3)
16,000 sf
45
# 515 Houston St.
Min. SF Hotel Service (Phase 3)
8,000 sf
46
# 515 Houston St.
Value Façade and Streetscape Improvements (Phase 1)
$3 million
47
# 515 Houston St.
Value ROW and Streetscape Improvements (Phase 3)
$500,000
48
# 515 Houston St.
Value Exterior Envelop and Historic Restoration Improvements (Phase 3)
$2 million
49
# 515 Houston St.
Minimum FTEs Required
25 FTEs
50
# 515 Houston St.
MWBE Requirements
25% MWBE Goal
51
# 515 Houston St.
Completion Deadline - Phase 1
12/31/2017
52
# 515 Houston St.
Completion Deadline - Phase 2
12/31/2018
53
# 515 Houston St.
Completion Deadline - Phase 3
12/31/2018
| (failure to complete does not lead to default on Phases 1 and 2)
54
# 515 Houston St.
Incentive Type
TIF 380
55
# 515 Houston St.
Total Incentive Amount
$1,875,000
56
# 515 Houston St.
Phase 1 Incentive Amount
$300,000
57
# 515 Houston St.
Phase 3 Incentive Amount
$1,575,000
58
# 515 Houston St.
Incentive Payout
Phase 1 - At Completion;
Phase 3 - 6 annual payments after completion
59
# 515 Houston St.
Private-to-Public Ratio
10.7 (NPV)
60
# 515 Houston St.
Date Approved by TIF Board
4/22/2015
61
# Catalyst - Lancaster Phase 1
Developer Name & Company
Paris Rutherford and Rhys Heinsch; Catalyst Urban Development in partnership with Lennar
62
# Catalyst - Lancaster Phase 1
Minimum Private Investment - Phase
$38 million
63
# Catalyst - Lancaster Phase 1
Project Use
Multi-family and Retail
64
# Catalyst - Lancaster Phase 1
Location
Two blocks bound by Lancaster, Lamar, Texas and Cherry
65
# Catalyst - Lancaster Phase 1
Min. Rental Units
254 units
66
# Catalyst - Lancaster Phase 1
Affordability Requirement
80% Market, 20% Affordable for 15 years
67
# Catalyst - Lancaster Phase 1
SF Retail
6,000 sf
68
# Catalyst - Lancaster Phase 1
Total Number of Garage Parking Spaces
601 spaces
69
# Catalyst - Lancaster Phase 1
Previous Number of City Parking Spaces
135 spaces
70
# Catalyst - Lancaster Phase 1
Number of City Parking Spaces to be Leased to City and Term of Lease
185 spaces; 90 yr. lease
71
# Catalyst - Lancaster Phase 1
Total Number of Residential Parking Spaces
331 spaces
72
# Catalyst - Lancaster Phase 1
Total Number of Parking Spaces for Neighboring Office
85 spaces
73
# Catalyst - Lancaster Phase 1
Value Demo and Abatement Improvements
Min. $750,000
74
# Catalyst - Lancaster Phase 1
Value Infrastructure Improvements
Min. $1,825,852
75
# Catalyst - Lancaster Phase 1
Total TIF Affordable Housing Reimbursement
$2,125,000
76
# Catalyst - Lancaster Phase 1
Payout of TIF Affordable Housing Reimbursement
$1,000,000 at completion; $75,000 annually for 15 years
77
# Catalyst - Lancaster Phase 1
Completion Deadline
12/31/2018
78
# Catalyst - Lancaster Phase 1
Incentive Type
TIF 380
79
# Catalyst - Lancaster Phase 1
Total Incentive Amount
$4,700,852
80
# Catalyst - Lancaster Phase 1
Incentive Payout
Total upon completion except affordable housing annual reimbursement
81
# Catalyst - Lancaster Phase 1
Private-to-Public Ratio
9.0 (NPV)
82
# Catalyst - Lancaster Phase 1
Date Approved by TIF Board
7/1/2015
83
# Catalyst - Lancaster Phase 1
Est. Land Value for Conveyance by City
$1,940,250
84
# Catalyst - Lancaster Phase 1
Terms of Conveyance of City Land
City to convey at appraised value in exchange for 99 year lease for 185 garage parking spaces
85
# Catalyst - Lancaster Phase 1
Average Contruction Cost Per Parking Space (garage)
$15,000 per space
86
# Catalyst - Lancaster Phase 1
Total Value of New City Garage Parking Spaces
$2.77 million
87
# Catalyst - Lancaster Phase 1
New Property Taxes Generated by Project
$700,000 NPV over 10 years ($1.1 million gross)
88
# Majestic
Minimum Private Investment - Phase
$185 million
89
# Majestic
Project Use
Mixed Use
90
# Majestic
Location
Fort Worth Stockyards; Armor and Swift ruins, Mule Barns, Stockyards Station, cattle pens and adjacent parking lot
91
# Majestic
Developer Name & Company
Fort Worth Heritage, LLC: Majestic - Craig Cavileer; Hickman Cos. - Brad Hickman
92
# Majestic
Number of Phases in Project
3 phases
93
# Majestic
Incentive Type
25 year Chapter 380 on Property and Sales
94
# Majestic
Phase 1 Minimum Investment
$35 million
95
# Majestic
Phase 2 Minimum Investment
$65 million
96
# Majestic
Phase 3 Minimum Investment
$75 million
97
# Majestic
Phase 1 Completion Deadline
12/31/2018
98
# Majestic
Phase 2 Completion Deadline
12/31/2022
99
# Majestic
Phase 3 Completion Deadline
12/31/2024
100
# Majestic
Ch. 380 Property Percentage
40% of incremental real and personal
101
# Majestic
Ch. 380 Sales Percentage
80% of one cent City sales tax
102
# Majestic
Cap on Total Ch. 380 (NPV)
$26 million
103
# Majestic
Phase 1 Ch. 380 Cap (NPV)
$5.2 million
104
# Majestic
Phase 2 Ch. 380 Cap
$14.9 million
105
# Majestic
Phase 3 Ch. 380 Cap
$26.0 million
106
# Majestic
Minimum Job Creation
25 FTEs
107
# Majestic
Public-to-Private Ratio
7:1 (NPV)
108
# Majestic
Annual Deadline for City Incentive Payment
6/1/2015
109
# Pinnacle Bank Place
Total MU Building Development Cost
$19.9 million
110
# Pinnacle Bank Place
Project Use
5-story MU rental residential building with garage
111
# Pinnacle Bank Place
MU Building Address
250 W. Lancaster
112
# Pinnacle Bank Place
Garage Address
229 W. 13th St.
113
# Pinnacle Bank Place
Developer Name & Company
Lancaster Corridor Redevelopment, LLC
114
# Pinnacle Bank Place
Number of Residential Units
130 units
115
# Pinnacle Bank Place
Number of HOME Units
11 HOME units
116
# Pinnacle Bank Place
Total SF Retail
30,000 sf (including common area)
117
# Pinnacle Bank Place
Total SF Pinnacle Bank
15,000 sf
118
# Pinnacle Bank Place
Total SF East Side Retail
15,000 sf
119
# Pinnacle Bank Place
Amount of Loan from Pinnacle Bank
$16.5 million
120
# Pinnacle Bank Place
Amount of LDC Equity
$306,000
121
# Pinnacle Bank Place
Value of LDC Land
$90,000
122
# Pinnacle Bank Place
Amount of HOME Funds
$1.4 million
123
# Pinnacle Bank Place
Funds from Pinnacle Condo Sale
approx. $1.5 million
124
# Pinnacle Bank Place
Pinnacle Loan Interest Rate
5.25%
125
# Pinnacle Bank Place
Amount of TIF Funds for Garage
$7.6 million
126
# Pinnacle Bank Place
Number of Total Garage Spaces
450
127
# Pinnacle Bank Place
Ownership of MU Building
Fort Worth Local Development Corporation (LDC) throughsubsidiary Lancaster Corridor Redevelopment LLC
128
# Pinnacle Bank Place
Ownership of Garaage
Fort Worth Central City Local Government Corporation (CCLGC)
129
# Pinnacle Bank Place
Estimated Project Completion
4/1/2016
130
# Champion Circle
Minimum Private Investment - Phase
$305 million
131
# Champion Circle
Project Use
Multi-use; Outlet Center Retail, Multi-family, Class-A Office
132
# Champion Circle
Location
South of TMS and adjacent to west side of I-35
133
# Champion Circle
Total SF of Development
2.4 million SF
134
# Champion Circle
Developer Name & Company
Fine Line - Bill Boecker, Ken Ebeling; Tanger Outlets
135
# Champion Circle
Number of Phases in Project
2 phases
136
# Champion Circle
Incentive Type
15 year Chapter 380 on City $0.01 Sales Tax (10 year 380 for Fine Line if only Phase 1 is completed)
137
# Champion Circle
Phase 1 Minimum Investment
Fine Line - $60 million; Tanger - $70 million
138
# Champion Circle
Phase 2 Minimum Investment
Fine Line - $113 million (additional); Tanger - $10 million (additional)
139
# Champion Circle
Phase 1 Fine Line Construction Minimums
50K sf commercial, 100K sf rental residential
140
# Champion Circle
Phase 1 Tanger Construction Minimums
350K outlet mall
141
# Champion Circle
Tanger Minimum Sales Per SF
minimum $300/sf
142
# Champion Circle
Phase 2 Fine Line Construction Minimums
500K sf commercial, 200K sf Class-A office, 300K sf rental residential
143
# Champion Circle
Phase 2 Tanger Construction Minimums
50K outlet mall
144
# Champion Circle
Phase 1 Tanger and Fine Line Joint Investment Minimum
minimum $100 million combined or both agreements default
145
# Champion Circle
Phase 1 Completion Deadline
12/31/2018
146
# Champion Circle
Phase 2 Completion Deadline
12/31/2021
147
# Champion Circle
Total Value of Incentives - Fine Line
$31.5 million (estimated)
148
# Champion Circle
Total Value of Incentives - Tanger
$25.0 million (estimated)
149
# Champion Circle
Total Value of Incentives - Combined
$56.5 million (estimated)
150
# Champion Circle
Cap on Incentives
Limited to phase completed (i.e. no phase 2, incentive limited to phase 1)
151
# Champion Circle
Ch. 380 Percentage
85% of one cent City sales tax
152
# Champion Circle
Minimum Job Creation
Fine Line - 250 FTEs by 2019, Tanger - 350 FTEs by 2019
153
# Champion Circle
Public-to-Private Ratio
7:6 (NPV)
154
# Champion Circle
Annual Deadline for City Incentive Payment
6/1/2015
155
# TandP Warehouse
Developer Name & Company
Cleopatra Investments, Ltd. - Ola Assem and Nadeem Assem
156
# TandP Warehouse
Minimum Private Investment
$35 million hard construction costs
157
# TandP Warehouse
Project Use
Mixed-use rental residential and retail
158
# TandP Warehouse
Address
401 West Lancaster
159
# TandP Warehouse
Min. Rental Units
minimum 260 units
160
# TandP Warehouse
Total Value of TIF Agreement
$9 million ($11.65 million with 8% interest added)
161
# TandP Warehouse
Year Original Agreement Executed
2007
162
# TandP Warehouse
Year of Most Recent Amendment to Agreement
2012 (Amendment No. 4)
163
# TandP Warehouse
Deadline for Construction Loan
9/19/2015 (plus 30 days to provide proof)
164
# TandP Warehouse
Deadline for Demolition
9/20/2016 (15 mos.)
165
# TandP Warehouse
Completion Deadline
3/20/2018 (33 mos.)
166
# TandP Warehouse
Incentive Type
TIF Development Agreement
167
# TandP Warehouse
Temporary Construction Easement Acreage
0.276 acre
168
# TandP Warehouse
Temporary Landscape Easement Acreage
0.178 acre
169
# TandP Warehouse
Date Temporary Construction Easement Released
6/20/2015
170
# TandP Warehouse
Private-to-Public Ratio
3.8
171
# TandP Warehouse
Incentive Payout
10 year payout (approx. $1.2 million per year)
172
# Cadillac Lofts
Developer Name & Company
TX Kent Apartments, LP - John Patricca, Bill Fisher, Ken Conine, Hap Bagget
173
# Cadillac Lofts
Minimum Private Investment - Phase
minimum $26.6 million
174
# Cadillac Lofts
Project Use
5-story Rental Multi-family (pedestal on garage)
175
# Cadillac Lofts
Location
Southeast corner of Main St. and Lancaster Ave. (former Frank Kent Cadillac site)
176
# Cadillac Lofts
Min. Rental Units
200 units
177
# Cadillac Lofts
Affordability Requirement
20% at or below 80% AMI for 15 years
178
# Cadillac Lofts
Total Number of Garage Parking Spaces
320 spaces
179
# Cadillac Lofts
Value of Site Work, Demo and Environmental Remediation Improvements
$1,525,000
180
# Cadillac Lofts
Value of Utility Improvements
$300,000
181
# Cadillac Lofts
Value of Road Improvements
$175,000
182
# Cadillac Lofts
Value of Streetscape/Landscaping Improvements
$500,000
183
# Cadillac Lofts
Completion Deadline
12/31/2017
184
# Cadillac Lofts
Incentive Type
TIF Development Agreement
185
# Cadillac Lofts
Total Incentive Amount
$2.5 million reimbursement
186
# Cadillac Lofts
Short-term Affordable Housing Loan amount and terms
$1.5 million 18 mo. no interest loan; convertible to 5.25% 10-yr loan (Receipt of TCAP funds would eliminate loan)
187
# Cadillac Lofts
Incentive Payout
Upon completion
188
# Cadillac Lofts
Private-to-Public Ratio
10.6 (NPV)
189
# Cadillac Lofts
Date Approved by TIF Board
7/1/2015
190
# Cadillac Lofts
Appraised value of property at time of incentive approval
$2.1 million
191
# Anthracite Building
Developer Name & Company
Anthracite Realty Partners, LLC - Greg and Laura Bird; Pettit Consulting
192
# Anthracite Building
Minimum Private Investment - Phase
minimum $115 million
193
# Anthracite Building
Project Use
25-story high-rise office building with garage
194
# Anthracite Building
Location
640 Taylor St.
195
# Anthracite Building
Total SF Office
230,000 SF (gross) Class A Office
196
# Anthracite Building
Total SF Ground Floor Retail
7,000 SF
197
# Anthracite Building
Total SF Café and Outdoor Terraces
8,000 SF
198
# Anthracite Building
Total SF Conference, Training and Event Rooms
8,000 SF
199
# Anthracite Building
Total Number of Garage Parking Spaces
900 above and below grade parking spaces
200
# Anthracite Building
Total Parking Spaces for Morningstar
130 spaces
201
# Anthracite Building
Total Parking Spaces for Fort Worth Club
150 spaces
202
# Anthracite Building
Total Parking Spaces for Office Tenants
640 spaces
203
# Anthracite Building
Total Parking Spaces Available for Shared Parking
150 spaces
204
# Anthracite Building
Total Floors of Parking Garage
10 floors
205
# Anthracite Building
Min. Value of Paving and Sidewalk Improvements
$199,583
206
# Anthracite Building
Min. Value of Site Work, Landscape, Irrigation and Lighting Improvements
$417,789
207
# Anthracite Building
Min. Value of Water Utilities, Sanitary Sewers and Storm Drain Improvements
$29,146
208
# Anthracite Building
Min. Cost of Traffic Signal Relocation
$145,361
209
# Anthracite Building
Min. Value of Electrical Utilities Improvements in Public ROW
$3,664,960
210
# Anthracite Building
Project Start Deadline
12/31/2015
211
Completion Deadline
12/31/2018
212
# Anthracite Building
Incentive Type
TIF Development Agreement
213
# Anthracite Building
Total Incentive Amount
$4,456,839
(+6% annual interest on unpaid TIF reimbursement)
214
# Anthracite Building
Incentive Payout
Year 1 - $1 million,
Year 2 - $1 million,
Year 3 - $4,202,973
215
# Anthracite Building
Private-to-Public Ratio
25.8 (NPV)
216
# Anthracite Building
Date Approved by TIF Board
9/14/2015 (anticipated)
217
Appraised value of property at time of incentive approval
$1.6 million
218
# Anthracite Building
Acres of Development
0.685
