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Maple Mockingbird TIF board reviews annual report, confirms Oak Lawn Place payout and considers boundary expansion
Summary
The Maple Mockingbird Tax Increment Financing district board reviewed its fiscal year report, discussed the recently completed Oak Lawn Place project (funded at about $5.4 million), noted growth in property values and ridership at Love Field transit, and approved routine items including minutes and its meeting schedule.
The Maple Mockingbird Tax Increment Financing (TIF) District Board of Directors reviewed its annual report and voted to approve routine items at a January meeting, hearing that Oak Lawn Place is fully occupied and is near final payment from the district.
The board heard that Oak Lawn Place, a project receiving roughly $5,400,000 in TIF funding, is complete and “fully occupied,” and that the district is finalizing required closeout documents before issuing payment. Eliana (staff presenter) said the district is “about to pay that off” and described ongoing compliance monitoring after payment.
The report laid out district finances and accomplishments. The TIF district was formed in February 2009 and is scheduled to terminate in February 2033. The district’s certified value rose from about $184 million at formation to roughly $1.1 billion (a 503%…
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