2019 Tax Abatement Report

DALLAS COUNTY COMMISSIONERS COURT DEPARTMENT OF PLANNING & DEVELOPMENT

December 17, 2019

TO: Commissioners Court

FROM: Rick Loessberg, Director of Planning & Development /lllf..--.

SUBJECT: 2019 Tax Abatement Report

BACKGROUND Please find attached a report that lists the status of each of the ninety-nine tax abatements that the County has authorized since it first began providing such assistance in 1988. The format of this report is similar to what has been used in the past and only includes those abatements that have formally been authorized with a court order.

DESCRIPTION OF TAX ABATEMENT ACTIVITY The County formally approved the provision of two additional abatements in 2019. Such a number is consistent with the two-to-four new abatements that the County typically authorizes every year.

The ninety-nine abatements that have been authorized since 1988 have been for projects located in the following twelve cities:

ABATEMENTS BY CITY

City #Abatement City #Abatement Projects Projects Dallas 65 DeSoto 1 lrvinQ 1 1 Carrollton 1 Richardson 6 Hutchins 1 Farmers Branch 3 Mesquite 2 Wilmer 3 Grand Prairie* 1 Coppell 3 *denotes project also located in Dallas Garland 2

Even though the County's abatement policy offers special consideration for projects located in "priority" or "strategic" areas that historically have not seen as much as growth as other parts, about three-fourths of the authorized abatements have been provided for projects located in or near what are considered to be three of the County's

411 Elm Street, 3'd Floor, Room 313 Dallas , Texas 75202-3301 Telephone: (214) 653-7601 Dallas County Administration Building email : [email protected] Fax: (214) 653-6517 major economic centers-downtown Dallas, Las Colinas, and the Telecom Corridor. There also has been a grouping of abatements (six) provided to projects in the emerging inland port area. Such activity would seem to confirm what existing research conducted elsewhere has indicated-that although tax incentives can influence location decisions among comparable sites, they are generally not sufficient enough to offset a location with poor infrastructure, an inadequate school system, a lack of access, a shortage of skilled labor, etc.

Sixty-three of the ninety-nine provided abatements have been for what are considered to be "economic development" projects under the County's abatement policy (i.e., they involve the expansion, construction, or relocation of buildings, facilities, or offices and the creation of new jobs). Of these sixty-one projects, fifteen have been for firms in the telecom, software, or semi-conductor industry, and eleven have been for firms in the financial sector; the other thirty-nine projects have been associated with hotel renovation/conversion, distribution centers, manufacturing, and other industries/activities.

ABATEMENT PROJECTS BY TYPE

TYPE OF ABATEMENT #PROJECTS % TOTAL PROJECT PROJECTS Economic Development • Telecom/hi-tech 15 15.2% • Financial sector 11 11.1% • Hotels 4 4.0% • Distribution centers 14 14.1% • Manufacturing 13 13.1% • Other 6 6.1% Housing (non-historic 7 7.1% preservation) Housing (with historic 16 16.2% preservation) Other Historic 11 11.1% Preservation Educational Facilities 1 1.0% Totals 99 100%

The thirty-six abatement projects that do not fit into the "economic development" category have been for projects involving the construction of new housing/the conversion of existing buildings into housing, the renovation/preservation of historic buildings, and the construction of higher education facilities.

2 Twenty-five (25%) of the ninety-nine authorized abatements have been for projects located south of 1-30, twenty-four (24%) have been for projects located in downtown Dallas, and forty-seven (47%) have been located for projects within either downtown or about one mile of it. These forty-seven downtown-area abatement projects have involved the renovation/conversion of non-historic structures into hotels (four), the relocation of corporate offices (four), the construction of new offices (three), the establishment of a regional data center (one), the construction of new housing/the conversion of non-historic buildings into housing (seven), the conversion of historic buildings into housing (twenty-one), and the renovation/conversion of historic buildings into retail, offices, or hotels (seven).

Eighty-two (82%) of the ninety-nine abatement projects have been fully constructed/completed. Of the seventeen projects that have not been fully completed, six are presently being implemented in some manner and have not yet reached their required effective date (UPS, Nutribiotech, Uber, Vista Print, Equinix, and the Knights of Pythias/Epic Hotel). The remaining eleven projects have not materialized and are no longer expected to occur.

IMPACT ON FINANCE To date, the completed projects have generated an increase of about $3.79 billion in the County's tax base. This figure is largely unchanged from 2018 because the 2019 value of a previously completed Tl project (whose value has always fluctuated greatly) declined by about $200 million.

Of the $3.79 billion that has been generated by the completed projects, $617.1 million (which is about $15 million greater than in 2018) is presently being generated by eight projects with active abatements.

Approximately $402.1 million (or 65%) of the $617.1 million that is generated from the projects with active abatements is abated. This 65% figure is less than the 73% figure from last year and is substantially lower than a 79.6% abatement figure from 2014.

Overall, the total amount of assessed value that was abated in 2019 is equivalent to about 0.15% of the County's tax base; this figure is slightly lower than the 0.18% from 2018, and it continues to be much lower than the 1% figure that existed in 2006 when eighteen abatements, all of which have since expired, were active.

ABATEMENT UTILIZATION For the eighty-two projects that have been completed, the authorized abatement has actually been utilized in fifty-five (67%) of them. That about one-third of the abatements for completed projects have never been used is not unusual; staff has seen

3 studies where between one-fifth and one-third of the abatements in other areas go unused.

Of the fifty-five projects where an abatement has been utilized, thirty-seven (or 67% of the fifty-five) fully used its abatement until it expired, and ten used the abatement for at least one year before its use was discontinued either because of ineligibility or some other issue. The remaining eight abatements are still being used .

CONCLUSION Based on the analysis conducted for this report, it appears that the County's tax abatements continue to be successful in facilitating an increase in the County's tax base, that the percentage of new value generated from active projects that is abated continues to decline, and that the percentage of the County's tax base associated with active abatements has generally remained stable for the past several years and is less than what it was in 2006.

Staff will continue to monitor the performance of the County's tax abatements and to keep the Court apprised as to the status and impact of these incentives.

Please advise if any additional information is needed. attachment cc: Ryan Brown, Budget Officer Darryl Thomas, Auditor John Ames, Tax Assessor/Collector Joe Mayer, Hospital District

4 STATUS OF DALLAS COUNTY TAX ABATEMENT PROJECTS December 2019

YR CITY DIST PROJECT REQUIRED REQUIRED INITIALLY ACTUAL TYPE EFFEC- STATUS #HOUSING #JOBS/ REQUIRED TAX BASE OF TIVE UNITS PAYROLL TAX BASE INCREASE ABATE- DATE INCREASE INCREASE/ AS OF 1/2019 MENT INVESTMENT*

1988 Irving 4 GTE Relocation n/a 1000 $100 million* $70.7 million 25%-50% 111 / 1992 Project completed; real fu lfilled requirements. Abatement ended in 2006.

1989 Richardson 2 MCI Expansion n/a 700 $20 million $34.6 million 25% real 1/1 / 1991 Project completed; fulfilled requirements. Abatement ended in 1994.

1993 Dallas 3 Dallas Education n/a 50 $4 million n/a 100% real 111 / 1995 Renovations completed; Center faci lity became tax- exempt when acquired by DCCCD and then UNT.

1994 Dallas 3 2220 Canton 49 n/a $6 mi ll ion * $ 14.4 mi ll ion 100% real 1/l/ 1995 Renovations completed; abatement ended in 2004.

1994 Dall as 3 Gaston Yards 400 n/a $25 million $64.4 mill ion 100% real 1/ 1/ 1997 Construction completed; abatement ended in 2006. .., 1995 Dallas .) Deep Ell um Lofts 140 n/a $7.8 mill ion * $11.6 mi llion 100% real 1/ 1/1 997 Renovations completed; fulfilled initial investment requirement. Abatement ended in 2006.

1995 Dallas 3 Joske's Building 127 n/a $7 million* $20.2 million 100% real 111 11996 Renovations completed; abatement ended in 2005.

1995 Dallas 3 Convention n/a 600 $70 million n/a 100% real 1/J/1 998 Project did not ever Center Hotel materialize.

1 YR CITY DIST PROJECT REQUIRED REQUIRED INITIALLY ACTUAL TYPE EFFEC- STATUS # HOUSING # JOBS/ REQUIRED TAX BASE OF TIVE UNITS PAYROLL TAX BASE INCREASE ABATE- DATE INCREASE INCREASE/ AS OF 1/2019 MENT INVESTMENT*

1995 Irving 4 Hitachi n/a 2 15 $100 mill ion $ 137.9 mill ion 35%-50% 1/1/1997 Renovations completed, BPP but facility never became operational/abatement never utilized. Facility fist sold to Atmel and then sold to another party. .., 1995 Dallas .) Harwood Pacific n/a 100 $19.5 million $96.9 million 100% real 1/ 1/ 1996 Construction completed; International Ctr abatement ended in 2005.

1995 Dallas 3 North End 500 n/a $29 million $73.4 mi ll ion 100% real 11111999 Construction completed; abatement ended in 2008.

1995 Dallas 3 Centex n/a 50 $2.5 mill ion -0- 75% BPP 1/1/1997 Relocation completed; Relocation abatement ended in 2006.

1996 Dallas 3 Santa Fe II 190 n/a $1 1 mi ll ion* $48.2 mi ll ion 100% real 1/ 1/1999 Renovations completed; abatement ended in 2008.

1996 Dallas 3 Kirby Building 157 n/a $13 million* $ 17. 7 mi ll ion 100% real 1/111999 Renovations completed; abatement ended in 2008. .., 1996 Dallas .) A walt Buildings 125 n/a $7.5 mi ll ion n/a 100% real 1/1 /2000 Project did not ever materialize.

1996 Dallas 3 Moon Under n/a n/a $2 mi llion $0.6 million 100% real 1/ 1/ 1997 Renovations completed, Water but business closed immediately; abatement never utilized.

1996 Dallas I TI Expansion n/a 600 $1 bi llion* $392.8 million 100% 1/ 1/1998 Construction completed; BPP fu lfilled requirements. Abatement ended in 2007. .., 1996 Dallas .) Bristol Hotel n/a 100 $5 mi llion $ 15.8 million 100% real I / 1/1997 Renovations completed . Renovations No abatement ever claimed. 2 YR CITY DI ST PROJECT REQUIRED REQUIRED INITIALLY ACTUAL TYPE EFFEC- STATUS # HOUSING # JOBS/ REQUIRED TAX BASE OF TIVE UNITS PAYROLL TAX BASE INCREASE ABATE- DATE INCREASE INCREASE/ AS OF 112019 MENT INVESTMENT*

1996 Dallas 3 Ameri can Beauty 79 n/a $5.8 mi llion* $4.3 mill ion 100% real 111 / 1999 Renovations completed; Flour Mi ll fu lfilled initial investment requirement. Abatement ended in 2008.

1996 Irving 4 The Associates n/a 400 $20 mil lion $38.7 mill ion 40%-45% 11111998 Construction/relocation real completed; abatement ended in 2007.

1996 Dallas 3 Adam Hats 90 n/a $5 mill ion* $ 10.8 mill ion 100% real 1/ l/1998 Renovations completed; fu lfi ll ed initial investment requirement. Abatement ended in 2007.

1996 Dallas 3 Norwest n/a 450 $2 million -0- 90% real l/1/1997 Relocation completed; Relocation abatement claimed first four years, but not last six.

1996 Dallas 3 Adam ' s Mark n/a 1000 $70 mi ll ion $ 11 2.2 million 90% real 1/ 111999 Renovations completed; Hotel abatement ended in 2008. Hotel is now a Sheraton. 1997 Dallas 3 Transamerica n/a 450 $ 15 mi ll ion -0- 90% BPP 1/ 111997 Relocation completed; no abatement ever claimed.

1997 Dallas 3 Blockbuster n/a 700 $6.9 mill ion -0- 90% BPP l/111998 Relocation completed; no Video abatement ever claimed.

1997 Dallas 3 3800 Commerce 80 n/a $5 mill ion* $8.8 mi llion 100% real 1/1 /2000 Renovations completed; abatement ended in 2009. .., 1997 Dallas .) Jefferson @ 380 n/a $20 mill ion $58.9 mill ion 90% real 1/1 / 1999 Construction completed; Bryan Place, abatement ended in 2008. Phase I

1997 Dallas 3 Magnolia n/a n/a $6.4 mi llion* $29.9 mill ion 100% real 1/ 1/2000 Renovations completed; Building abatement ended in 2009.

3 YR CITY DIST PROJECT REQUIRED REQUIRED INITIALLY ACTUAL TYPE EFFEC- STATUS # HOUSING # JOBS/ REQUIRED TAX BASE OF TIVE UNITS PAYROLL TAX BASE INCREASE ABATE- DATE INCREASE INCREASE/ AS OF 112019 MENT INVESTMENT* 1997 Dall as 3 Southside on 176 n/a $10 million* $37.6 million 100% real 1/1 /2001 Renovations completed; Lamar abatement ended in 2010. 1997 Richardson 2 Norte!, Phase l n/a n/a $7-$27 mi llion/real $6.1 mill ion 50% real/ 11111999 Construction completed; $ 14-$68mill ion/BPP BPP abatement ended in 2008. 1998 Richardson 2 Norte!, Phase 2 nla 400 $15 million/real* $9. 1 mill ion 50% real/ 1111200 1 Construction completed; $8.5 mill ion/BPP BPP fu lfilled initial requirement. Abatement later transferred to Countrywide.

1998 Dallas 3 Futura Place 88 n/a $7 million* $5.9 million 100% real 1/ 112000 Renovations completed; never eligible for abatement. 1998 Irving 4 Southwestern n/a $17 mi ll ion $30 million $11.3 mi ll ion 40%-50% 1/ 1/2000 Project completed; Bell payroll real however, finn requested that abatement be withdrawn because of concern that tax base increase requirement would not be met.

1999 Dall as 3 Jefferson@ 250 n/a $20 mill ion $45.9 mill ion 85% real 1/1 /2005 Construction completed; Bryan Place, abatement ended in 20 14. Phase 2

1999 Dallas 3 Jefferson@ 250 n/a $20 million $85 .9 mill ion 100% real 1/ 112002 Construction completed; Kessler Heights abatement ended in 201 1.

1999 Dallas 3 Posture Beauty n/a 50 $6 milli on n/a 80% real 1/ 1/2002 Project did not ever materialize.

1999 Irving 4 Capital One n/a 800 $30 million $ 13.3 mi ll ion 30%-50% 1/ 1/2000 Construction completed; real never eligible for abatement.

4 YR CITY DIST PROJECT REQUIRED REQUIRED INITIALLY ACTUAL TYPE EFFEC- STATUS # HOUSING # J OBS/ REQUIRED TAX BASE OF TIVE UNITS PAYROLL TAX BASE INCREASE ABATE- DATE INCREASE INCREASE/ AS OF 112019 MENT INVESTMENT*

1999 Irving 4 NECAM n/a 200 $50 mi llion $70.9 mi ll ion 35% real 1/1 /2001 Construction completed; never eligible for abatement.

1999 Dallas 3 Goodyear/Good- 70 n/a $2.5 mi ll ion* $ 1.6 mi ll ion 100% real 111 /2001 Renovations completed; rich Bui ldings fu lfi lled initial investment requirement; abatement ended in 20 I 0.

!999 Irving 4 Nokia, Phase 1 n/a 750 $22 mi llion $84.3 mill ion 40% real 1/ 1/2000 Construction completed; abatement ended in 2009.

2000 Dallas 3 Frito-Lay n/a 50 $3.8 mi ll ion $2.2 mi ll ion 75% real 1/1/2000 Construction completed; no abatement ever claimed.

2000 Dallas 3 Uni versity of n/a 50 $2.5 mi llion -0- 100% real 1/ 1/2000 Construction completed; North Texas abatement ended in 2009.

2000 Irving 4 Atmel Corp . n/a 1000 $150 mi llion Current val ue 15%-65% 1/1/2001 Project completed, but reported under real/BPP facility closed in 2002 Hitachi project after having claimed abatement for two years. .., 2000 Dallas .) Omnicom n/a 50 $2.5 mill ion -0- 75% BPP 1/1 /2000 Relocation completed; Relocation never eligible for abatement.

2000 Farmers 2 Chase Manhattan n/a Ph I: 1050 Ph I: $20 mill ion $ 156.6 mill ion 37.5%- 1/1/200 1 Project completed; Branch Relocation Ph 2: 1350 Ph 2: $20 mi llion abatement utilized for four Ph 3: 1350 Ph 3: $20 mi ll ion 50% BPP; 37.5%- years, but was terminated due to insufficient ' 70% real employment. 2000 Richardson 2 !net Relocation n/a 400 $12 mill ion* $15.9 mi ll ion 50% real/ 1/ 1/2001 Relocation completed; BPP abatement ended 20 I 0.

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5 YR CITY DlST PROJECT REQUIRED REQUIRED INITIALLY ACTUAL TYPE EFFEC- STATUS # HOUSING # JOBS/ REQUIRED TAX BASE OF TIVE UNITS PAYROLL TAX BASE INCREASE ABATE- DATE INCREASE INCREASE/ AS OF 112019 MENT INVESTMENT*

2000 Richardson 2 Norte!, Phase 3 n/a 1250 $35 .2 mill ion $34.9 million 50% real/ 1/ 1/2001 Construction completed; BPP project was eligible for first eight years.

2000 Irving 4 Nokia, Phase 2 n/a 900 $45 mi ll ion nla 40%-45% 1/ 112003 Project did not real materialize.

2000 Dallas 3 Pro-Line nla 25 new+ 230 $2.5 mi llion -0- 70%-90% 1/ 1/2001 Project completed, but i retained BPP was not eligible within required period.

2001 Dallas 3 409-429 Second n/a n/a $4 mill ion n/a 70% real 1/1 /2002 Project did not Avenue materialize. .., 2001 Dall as .) Wal-Mart n/a 150-225 $30.4 mi ll ion $35.6 mi ll ion 90% real/ l/1 /2002 Construction completed, 50% BPP but was not eligible within required period.

200 1 Dallas 3 Overhead Door n/a 100 $6.3 mill ion $0.5 mi ll ion 75% BPP 1/1 /2002 Project completed, but was not eligible within required period. .., 2001 Dallas .) Mercantile 200 n/a $49 million nla 90% real 1/1/2006 Project was eventually Building constructed by another developer under a different abatement.

2002 Dall as 4 American Leather n/a 70 $6 mi llion $ 10.9 mill ion 75% real 1/1 /2004 Project completed; abatement terminated after six years due to insufficient employment.

2003 Dallas 3 DP&L Buildings 155 n/a $ 10 mi ll ion $ 11.2 mill ion 90% real 1/ 1/2005 Project completed; fu lfi ll ed initial investment requirement. Abatement ended in 2014.

---~--- 6 YR CITY DIST PROJECT REQUIRED REQUIRED INITIALLY ACTUAL TYPE EFFEC- STATUS # HOUSING # JOBS/ REQUIRED TAX BASE OF TIVE UNITS PAYROLL TAX BASE INCREASE ABATE- DATE INCREASE INCREASE/ AS OF 1/2019 MENT INVESTMENT* 2003 Hutchins 3 Fed Ex n/a 200 $50 mi llion $78.5 million 85% real/ 1/ 1/2006 Project completed; BPP fulfilled initial investment requi rements. Abatement ended in 2015.

2003 Dall as 3 Republic Center 200 n/a $20 mi ll ion $37.7 mi llion 90% real 1/ 1/2007 Project completed; Tower fulfilled initial investment requirement. Abatement ended in 2016.

2004 Dallas 3 Interurban Bldg 100 n/a $9.9 mi ll ion $ 16.7 mi llion 75% real 1/ 112006 Project completed; fu lfi ll ed initial investment requirement. Abatement reduced from 90% to - reflect closing of on-site grocery store. Abatement ended in 2015

2004 Irving 4 Citicorp n/a 1000 n/a $ 133.9 mi ll ion 85% real/ 1/1 /2007 Project completed; BPP ful fi ll ed employment requirement. Abatement ended in 20 16.

2004 Richardson 2 Countrywide n/a 1000 n/a $32.8 mi ll ion 50% real! Ill /2005 Project completed; Financial BPP abatement received for three years, but was terminated due to insufficient employment.

2005 Dall as 3 One Arts Plaza n/a 675 $90 mi llion $ 176.4 million 56%-75% 1/ 1/2008 Project completed; real!BPP abatement ended in 20 17.

2005 Dallas 3 Dal las Morning n/a 80 $3 1.5 million $28.8 mi ll ion 90% real 111 /2007 Project completed; News abatement terminated after two years because fac il ity was closed.

7 YR CITY DIST PROJECT REQUIRED REQUIRED INITIALLY ACTUAL TYPE EFFEC- STATUS # HOUSING # JOBS/ REQUIRED TAX BASE OF TIVE UNITS PAYROLL TAX BASE INCREASE ABATE- DATE INCREASE INCREASE/ AS OF 112019 MENT INVESTMENT*

Mercantile 2005 Dallas .)" 300 n/a $40 million $69.1 million 90% real 1/ 1/2009 Complex Project completed; abatement ended in 2018.

2005 Dallas 3 Fidelity Union 400 n/a $3 0 mill ion* $69.5 million 90% real 111 /2007 Project completed; Tower abatement ended in 2016.

2005 Dallas/ 4 V ou.ght Aircraft n/a 1000 n/a n/a 90% real/ 1/ 1/2006 Project never Grand BPP materialized. Prairie

2006 Dall as 3 400 N. Ervay/ n/a n/a $3 million $ 15.3 mi ll ion 70% real 1/ 1/2012 Project completed. U.S. Post Office/ Couthouse Bldg

2006 Farmers 2 Essilor n/a Ph 2:100 Ph 2: $12 million $20.8 mill ion 75% real Ph 2: 2008 Phase 2 completed; no Branch Ph 3: 130 Ph 3: $12 million Ph 3: 20 11 abatement ever claimed; eligibility period has expired.

! 2006 Dallas 4 Nestle Waters n/a 240 $42 mi llion $90.3 mi ll ion 50% real 111 /2008 Project completed; 75% BPP abatement ended in 2017.

2007 Irving 4 A ve to Mortgage n/a 780 $20 mi ll ion -0- 50% real/ 111 /2008 Project completed, but BPP never el igible.

2007 Dallas 3 Woodlawn/Old n/a n/a $12.5 mi llion $ 13.9 million 90% real 111 /2009 Project completed; Parkland Hospital abatement ended in 2018.

2008 Dallas 4 Niagara Water n/a 50-120 $34 million $97.9 million 50% real/ 111 /2009 Project completed; BPP abatement utilized first year, but no longer eligible due to insufficient employment.

8 YR CITY DIST PROJECT REQUIRED REQUIRED INITIALLY ACTUAL TYPE EFFEC- STATUS # HOUSING # JOBS/ REQUIRED TAX BASE OF TIVE UNITS PAYROLL TAX BASE INCREASE ABATE- DATE INCREASE INCREASE/ AS OF 112019 MENT INVESTMENT*

2008 Carrollton 2 TO Ameritrade n/a n/a $1 00 mill ion $55.6 million 80% BPP 111 /201 1 Project completed, but was never eligible.

2008 Dallas 3 804 Pacific n/a n/a $3 mill ion n/a 50% real 1/1 /20 10 Project did not materialize; eligibility period has expired.

2009 Dallas 3 Nurses Building n/a n/a $2.7 mi ll ion -0- 70% real 1/ 1/2010 Project completed; fulfilled initial investment requirement.

2009 Dallas 3 Lake June Plaza n/a n/a $5 million $ 10 million 75% real 1/1/2011 Project completed, but Shopping Center was not eligible within requi red period.

2009 Dallas I Forest Park n/a n/a $1 00 mill ion $18.2 million 50% real 111 /20 13 Project completed, but : Medical Center/ was not eligible within Phase III required period.

2010 Wilmer 3 Whirlpool n/a 100 $40 mi ll ion $87.4 mi ll ion 85% real/ 1/ 1/20 12 Project completed. Distribution BPP Center

20 10 Farmers 2 Maxim [ntegrated n/a 800 $ 15 mill ion $23.9 mill ion 50% real/ 1/ 1/2012 Project completed, but Branch BPP was not eligible within required period.

2011 DeSoto 3 Kohl 's n/a 400 $60 mi ll ion $76.9 mi ll ion 75% real/ 1/ 1/2015 Project completed. Distribution BPP Center

2012 Dallas 3 Dallas High 400 n/a $30 mi llion n/a 90% real 111 /2016 Project did not School materialize; property was subsequently renovated by a different developer for another use.

------· - -- -- ~---- 9 YR CITY DIST PROJECT REQUIRED REQUIRED INITIALLY ACTUAL TYPE EFFEC- STATUS #HOUSING # JOBS/ REQUIRED TAX BASE OF TIVE UNITS PAYROLL TAX BASE INCREASE ABATE- DATE INCREASE INCREASE/ AS OF 1/2019 MENT INVESTMENT*

..., 2012 Dallas .) 350 St. Paul/One 225 n/a $40 million $82.4 mi ll ion 90% real 1/ 1/2015 Project completed . Dallas Center

2012 Coppell 2 Amazon n/a n/a $1 00 mill ion $ 11 6.6 million 50% real/ 1/1 /2015 Project completed. BPP

20 12 Wi lmer 3 Ace Hardware n/a 100 $37.7 mill ion $41.9 mi ll ion 67%-75% 1/ 1/2015 Project completed, but real/BPP was not eligible within required period.

20 14 Dall as 3 1210 S. Lamar 270 n/a $25 mi ll ion $38.4 mi llion 75% real 11 1/20 17 Project completed.

2014 Garland I Kraft Foods n/a 176 $20 mill ion $78.1 mi ll ion 60% real/ 1/1/2016 Project completed, but BPP (for 5 yrs) was not eligible within required period. Project completed, but 2014 Garland I La Fabrica n/a 100 $5 mill ion $20.9 mill ion 50% BPP 11 1/2016 was not eligible within (for 5 yrs) required period.

20 14 Wi lmer 3 Procter & Gamble n/a 390 $50 mi llion $79.8 million 75% real/ 111 /2016 Project completed, but no 50% BPP job confirmation information provided within required period for it to be el igible.

20 15 Dallas 3 Amazon n/a 500-900 $ 17 mill ion $26.7 mi ll ion 50%-75% 1/ 1/20 17 Project completed. BPP

2015 Dallas 4 Frito-Lay n/a 230 $45 mill ion $18.5 60% BPP 1/ 1/2019 Project implementation underway.

Golden State 20 16 Dallas 4 n/a 137 $3 0 mill ion n/a 60% BPP 1/ 1/20 19 Project cancelled. Foods

10 YR CITY DIST PROJECT REQUIRED REQUIRED INITIALLY ACTUAL TYPE EFFEC- STATUS # HOUSIN G # JOBS/ REQUIRED TAX BASE OF TIVE UNITS PAYROLL TAX BASE INCREASE ABATE- DATE INCREASE INCREASE/ AS OF 112019 MENT INVESTMENT*

2016 Coppell 2 Amazon n/a 400-700 $50 mi ll ion- $27.2 mi ll ion 30%-45% 1/ 1/2019 Project completed, but no $100 million BPP job confirmation information provided within required period for it to be eligible.

20 16 Mesquite 1 UPS n/a 1500 $ 100 million n/a 60% real/ 1/ 1/2020 Project implementation i (maintain) BPP underway.

2016 Coppell 2 Amazon n/a 1000-1500 $ 100 mi llion $1 73.2 mill ion 40%-45% 1/1 /2019 Project completed. BPP

2017 Garland I Nutribiotech n/a 900 $45 mi ll ion n/a 50% real/ 1/ 1/2020 Project implementation BPP (for 5 yrs) underway.

2018 Dallas 3 Vista Print n/a 200 $29 mi llion n/a 50% real/ 1/1 /2021 Project implementation BPP 5 ys for underway. BPP

20 18 Dallas 3 Knights of n/a n/a $25 mi ll ion n/a 90% real 1/1/202 1 Project renovation Pythias underway.

2018 Dallas 3 Ambassador 100 n/a $10 mill ion n/a 90% real 1/ 1/2021 Building destroyed in fire; Hotel project canceled.

20 19 Dallas 4 Equ inix n/a 25 $108 mi llion n/a 50% real 1/1 /2021 Project implementation underway.

20 19 Dallas 3 Uber n/a 2500-3000 $25 mi llion n/a 90% BPP 1/ 1/2023 Project implementation underway.

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* Some projects, especially earlier ones involving historic preservation, were required to generate investment at a certain level rather than increasing the tax base by a certain amount. These projects are denoted by an asterisk.

NOTE: All abatements are for ten years except where otherwise noted in the "effective date" column. 11