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of A 1fl’ - 27853

SECTION 1. That Ordinance No. 27432, approved by the City Council on December 10, 2008, is hereby amended for the geographic area of the Tax Increment Financing Reinvestment Zone Number Seventeen (TOD TIE District) to remove certain properties from the Mockingbird/Lovers Lane Sub-District, move the properties located in the existing boundary at the 8th and Corinth DART station area from the Cedars West Sub-District to the Lancaster Corridor Sub-District and increase the geographic area of the TIE District by adding property to the Mockingbird/Lovers Lane, Cedars West, and Lancaster Corridor Sub-Districts, and creating a new Cedar Crest Sub-District as depicted in the new attached Exhibit A-i and A2-A8 (Perimeter Description and Maps).

SECTION 2. That the facts and recitations contained in the preamble of this ordinance are hereby found and declared to be true and correct.

SECTION 3. That Section 3, paragraph F, of Ordinance No. 27432 shall be amended to read as follows:

(2) The Cedars West and 8thand Corinth areas forms a Sub-District in the Trinity River Corridor area that havc land uses that are incompatible with a transit station and/or are predominately industrial in nature with aging or inadequate infrastructure.

(3) The Lancaster Corridor Sub-District that includes the 8 and Corinth Station, Illinois Station, Crest Shopping Center area, , aci4 VA Medical Center Station, and areas have land uses that are incompatible with a transit station, underutilized properties, and functionally obsolete retail structures.

L4 The Cedar Crest Sub-District includes a 200-acre planned development for the former Kiest landfill site and adiacent property east of Kiest Boulevard alonQ Southerland Road lackinci infrastructure for redevelopment, the Cedar Crest Golf Course as a regional asset, and some land uses incompatible with long term growth in the area.

SECTION 4. That Exhibit A-i and A2-A7 of Ordinance No. 27432 shall be completely deleted and the new attached Exhibit A-i and A2-A8 shall be substituted therefore.

SECTION 5. That amendments to the boundaries of the TOD TIE District will result in benefits to the City and the property including in the TIE District. Passed By THOMAS APPROVED CITY passage SECTION Dallas, of for provisions SECTION value except SECTION value SECTION districts the according cause SECTION Assistant such any current ATTORNEY of of the as and reason created all section, all and Cit P. amended PR to of 9. 6. 7. 8. 10. total taxable it total other AS PERKINS, the this That That is That That publication Attorney That be 1 accordingly by TO appraised most appraised ordinance. paragraph, 4 existing the if held f Ordinance improvements real the ZO by FORM: any this — recent expansion City, this property to JR. section, in ordinance be reinvestment ordinance. value accordance so value if clause appraisal invalid any. No. ordained. in of paragraph, of of in 27432 the the the or taxable or all shall TOD rolls provision unenforceable, geographic with zones taxable TOD will

take 27853 of TIE the real clause remain the TIE within District. effect provisions real shall property City, District area or property the in together not the immediately provision full of City, will in affect invalidity of the force the the significantly in to TOD with of City the exceed any Charter and this from or the TIE TOD and of

effect, 100914 unenforceability ordinance total District the 15 of and the enhance TIE the percent remaining appraised save industrial after District, will City shall and the not its of of 27853 Exhibit A-I 1(1 - LJ ( Boundary Description j

TOD TIF District

The TOD District encompasses areas adjacent to the following DART Light Rail stations — Mockingbird and Lovers Lane, Cedars, 8th and Corinth, Illinois, Kiest, Veterans Hospital “VA Medical Center”, and Ledbetter. The DART Rail Line links these station areas, or “sub-districts” together to form the TIE District. The sub-districts are described in more detail below:

1) Mockingbird/Lovers Lane Sub-District is generally bounded on the north by Lovers Lane, to the east by Amesbury Drive and Greenville Avenue, to the south by Mockingbird Lane, and on the west by North Central Expressway, including a property located at the southwest corner of the intersection North Central Expressway southbound frontage road and Mockingbird Lane.

2) Cedars West Sub-District is generally bounded by the DART light rail line to the east and north, the Trinity River to the south, and Cadiz Street and R.L. Thornton Freeway to the west.

3) Lancaster Corridor Sub-District includes:

• th 8 & Corinth area is generally bounded by Canyon Street at its northernmost boundary, the DART light rail line and Corinth Street to the east, Fayette Street and adjacent creekbed at its southernmost boundary, and Moore Street to the west.

• Illinois Station area is generally bounded by Iowa Street to the north, Illinois Street to the south, Ozona Street to the east, and Denley Drive to the west.

• Crest Shopping Center area is generally bounded by Elmore Street to the north, Lancaster Road to the east, Saner Avenue to the south, and Den ley Drive to the west.

• Kiest Station area is generally bounded by the rear property line of residential properties fronting onto Cove Drive to the north, Easter Avenue and Biglow Street to the east, Stovall Drive to the south, and Lancaster Road and Denley Drive to the west.

• VA Station area is generally bounded by Ann Arbor Avenue to the north, Lancaster Road to the east, Atlas Drive to the south, and Gracey Road to the west.

• Ledbetter Station area is generally bounded by Ledbetter Drive to the north, Lancaster Road to the east, Wagon Wheels Trail to the south, and Denley Drive and Arden Road to the west, including three properties at the northeast corner of Lancaster Road and Ledbetter Drive.

4) Cedar Crest Sub-District is generally bounded by Southerland Avenue, Kiest Boulevard, and Rector Street to the north; MKT Railroad to the east; Van Cleave Drive, Magna Vista Drive, Old Bonnie View Road, Sutter Street, IllinoisAvenue to the south; and Ozona Street to the west. was to such lines such boundary See If Boundaries at include Exhibit not or any property rights-of-way. right-of-way originally time of the that the A2-A8 parcel, lines. during TOD follow included for may The the Boundaries TIF the public detailed parcel cross boundary District life in streets the of parcels. will Boundary boundary will that the boundary of not and Exhibit follow TOD this TOD approximate be In highways District considered this maps. the TIF,

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