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HomeMy WebLinkAboutORD 2016-010AN ORDINANCE APPROVING AN AMENDED PROJECT AND FINANCING PLAN FOR TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, CITY OF GRAPEVINE, TEXAS; MAKING VARIOUS FINDINGS RELATED TO SUCH AMENDED PLAN; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE WHEREAS, as authorized by Chapter 311 of the Texas Tax Code (the "Act") and pursuant to Ordinance No. 1996-007, adopted by the City Council of the City of Grapevine, Texas (the "City") on February 20, 1996, the City created Tax Increment Reinvestment Zone Number One, City of Grapevine, Texas, (the "Zone"); and WHEREAS, as authorized by Section 311.011(e) of the Act and pursuant to Ordinance No. 96-55, adopted by the City Council of the City on August 1, 1996, the City amended the Project and Financing Plan for the Zone; and WHEREAS, as authorized by Section 311.011(e) of the Act and pursuant to Ordinance No. 2009-43, adopted by the City Council of the City on October 6, 2009, the City amended the Project and Financing Plan for the Zone; and WHEREAS, as authorized by Section 311.011(e) of the Act and pursuant to Ordinance No. 2015-074, adopted by the City Council of the City on December 15, 2015, the City expanded the boundaries and extended the term of the Zone to December 31, 2038; and WHEREAS, as authorized by Section 311.011(e) of the Act and pursuant to, the City Council of the City of Grapevine, Texas now desires to amend the Project and Financing Plan for Reinvestment Zone Number One, City of Grapevine, Texas; and WHEREAS, as authorized by Section 311.011(e), 311.008, and 311.0085 of the Act, on January 19, 2016, and pursuant to Board Resolution TIF #1 2016-001, the Board amended the Plan to establish a TIF Educational Facilities Category, as depicted within the amended Project and Financing Plan in Exhibit "A", and recommended that the Plan, as amended, be approved by the City Council. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS: Section 1. That the City Council hereby makes the following findings of fact: 1.1 The statements and facts set forth in the recitals of this ordinance are true and correct. 1.2 That the Plan, as amended, includes all information required by Sections 311.011(b) and (c) of the Act. 1.3 That the Plan, as amended, is feasible and the amended and restated project plan conforms to the City's master plan. 1.4 That consistent with Section 311.011(e) of the Act, a public hearing is required prior to the adoption of this ordinance because the Plan, as amended, does (i) reduce or increase the geographic area of the Zone; (ii) increase the tax increment to be contributed by a taxing unit; (iii) increase the total estimated project costs; or (iv) designate additional property in the Zone to be acquired by the City. Section 2. That based on the findings set forth in Section 1 of this ordinance, the Plan, as amended in Exhibit "A", is hereby approved. Section 3 That the City of Grapevine is hereby directed to provide a copy of the Plan, as amended, to the governing body of each taxing unit that taxes real property located in the zone. Section 4. That if any portion, section or part of a section of this ordinance is subsequently declared invalid, inoperative or void for any reason by a court of competent jurisdiction, the remaining portions, sections or parts of sections of this ordinance shall be and remain in full force and effect and shall not in any way be impaired or affected by such decision, opinion or judgment. Section 5. That the fact that the present ordinances and regulations of the City of Grapevine, Texas, are inadequate to properly safeguard the health, safety, morals, peace and general welfare of the inhabitants of the City of Grapevine, Texas, creates an emergency for the immediate preservation of the public business, property, health, safety and general welfare of the public which requires that this ordinance shall become effective from and after the date of its final passage, and it is accordingly so ordained. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 2nd day of February, 2016. William D. Tate Mayor 2 ORD. 2016-010 ATTEST: Tara Brooks City Secretary John F. Boyle, City Attorney 0 C we rn LU r>( 3 ORD. 2016-010 L N �t 91'� 'q.�'y"'-fit.• .. _ �,,,, ']"� - w. '. a �...:�.' -� � � j• : � - - - .. - ' P � r r �� ` r 1 lie Ip AWN Iv AP L'" t--*� v..,r - �'r ,' 1 k • a ,„� a ®• %- �' • Alp If mom Y A'c 10 c 3 it _ n, t � .. � � '-f#. •, � ti it � f , it 4 x .PIM T g .' I �! �7 421, '0 '.r' w r� l; i'� it T- , .-- j yrs t _' Foreword Table of Contents DISCLAIMER Our conclusions and recommendations are based on current market conditions and the expected performance of the national, and/or local economy and real estate market. Given that economic conditions can change and real estate markets are cyclical, it is critical to monitor the economy and real estate market continuously, and to revisit key project assumptions periodically to ensure that they are still justified. The future is difficult to predict, particularly given that the economy and housing markets can be cyclical, as well as subject to changing consumer and market psychology. There will usually be differences between projected and actual results because events and circumstances frequently do not occur as expected, and the differences may be material. �a EXHIBIT TO o9b. 2og,-ol b Page o2 of q Historic Grapevine is the premier destination in North Texas. Located in the heart of the Dallas/Fort Worth area and home to DFW International Airport, Grapevine offers extraordinary hotels, a variety of stores for great shopping, an abundance of restaurants, attractions for everyone in the family and a one -of -a -kind urban wine trail. Hop aboard the Grapevine Vintage Railroad or unwind at one of Grapevine's winery -tasting rooms. Grapevine offers a unique cultural experience with something for everyone. Amended Project and Financing Plan, TIRZ #1 DAVID PETTIT ■ Introduction..........................................................1 Overview...............................................................2 Original TIRZ BoundarY.......................................3 Expanded TIRZ Boundary .............6 Current Conditions & Ownership .......................11 Proposed Development......................................14 Project Costs........................................................15 Anticipated Development...................................16 Financial Feasibility Analysis..............................17 Terms and Conditions.........................................38 AppendixA ........................................................... 39 DISCLAIMER Our conclusions and recommendations are based on current market conditions and the expected performance of the national, and/or local economy and real estate market. Given that economic conditions can change and real estate markets are cyclical, it is critical to monitor the economy and real estate market continuously, and to revisit key project assumptions periodically to ensure that they are still justified. The future is difficult to predict, particularly given that the economy and housing markets can be cyclical, as well as subject to changing consumer and market psychology. There will usually be differences between projected and actual results because events and circumstances frequently do not occur as expected, and the differences may be material. �a EXHIBIT TO o9b. 2og,-ol b Page o2 of q Historic Grapevine is the premier destination in North Texas. Located in the heart of the Dallas/Fort Worth area and home to DFW International Airport, Grapevine offers extraordinary hotels, a variety of stores for great shopping, an abundance of restaurants, attractions for everyone in the family and a one -of -a -kind urban wine trail. Hop aboard the Grapevine Vintage Railroad or unwind at one of Grapevine's winery -tasting rooms. Grapevine offers a unique cultural experience with something for everyone. Amended Project and Financing Plan, TIRZ #1 DAVID PETTIT ■ Introduction intetnabonal Pk) ESA - 38DO F mov ay Dr G, .3p, �­ - 4a"- n4 ,1"o Gra MU Golf 04 Grove Park op -0 Oak Glove Oak G,tr" Baseball C 0 mpka MgKkingbird Dr C) Qt 101 s WOO 0, b:,y J 9 (301f course Acorn r_ And Club Wcod s X 0 a _V Bushong Rd 'O'Vd S Iry f. r W ACE Gaybrd Grapevine Lease `9rook Eli lb W Peach St S Tit r*er Z Rd thwest Hwy IX -114 -OR E Northwest Hwy- - Grapevine L Wall St Coppelf Rd E 0 Dr St n M SdC2 easy F Vatlas Rd Woods Ave W Dallas trash St I- - - - - - _ - - - - X� Boss Pt L, 0i ti Worth d41 Airport 8 Z 6 Note Wagon Wheel Park Creekview 0 Esters Blvd X Z Amended Project and Financing Plan, TIRZ #1 1 EXHIBITIq To OAD.taolt Page of 4— Tax Increment Reinvestment Zone #1, City of Grapevine The goal of amending Tax Increment Reinvestment Zone #1 (TIRZ) is to continue funding the construction of needed public infrastructure and to encourage private development that will yield additional tax revenue to all local taxing jurisdictions. TIRZ #1 will continue to promote the creation of contained, mixed-use development consisting of major retail, restaurants, commercial, and office developments. The project and financing plan outlines the funding of $94,940,434 in public improvements related to streets and intersections, water facilities, sanitary sewer facilities, storm water facilities, open space, parks and recreation. The TIRZ will fund these improvements through the contribution of 100% of the City's ad valorem increment generate within the zone. err Lewisville Flower Mound 1) Carrollton 114 y CO ell• A Keller ine Fa s St nch 114 W at 183 Richland f s T Irving Haltom City .0 % - DAVID PETTIT Overview Amended Project and Financing Plan, TIRZ #1 2 EXHIBIT Tp ORD. ao16-oro Page --t_ of Boundary Description The amended Grapevine TIRZ #1 is located in the northern and central portion of the City of Grapevine. The majority of the TIRZ is located in northern Grapevine, to the east of Grapevine Lake. Two smaller portions of the TIRZ #1 is located in central Grapevine in what is known as the downtown area. The amended TIRZ boundary is approximately 661 acres encompassing the original TIRZ area and additionally Tracts A, B, C, D, and E, described in the following pages. - TIRZ Boundary a� DAVID PETTIT Original TIRZ Boundary BEING a tract of land containing 243.263.acres, situated in the Heirs of James Gibson Survey, Abstract No. 586, Heirs ofJames Gibson Sui-vey,Abstract No. 587, Henry Suggs Survey, Abstract No. 1415, and the Andrew Anderson Survey, Abstract No. 26, all Tarrant County, Texas and also being situated in the Heirs of James Gibson Survey, Abstract No. 1715, C. S. Dunnagan Survey, Abstract No. 1655, and the John E. Holland Survey, Abstract No..614, all in Dallas County, Texas and being more particularly described by metes and bounds as follows (bearings based on the City of Grapevine control monumentation): BEGINNING at the intersection of the south right-of-way line of County Road No. 3044 (40' R.O.W.) with the northwest right-of-way line of State Highway No. 26 (variable R.O.W.); THENCE in a westerly direction bearing to the left along the curving southerly line of County Road No. 3044, having a radial bearing of South 35°25'06" West, a radius of 360.00 feet, passing through an angle of 35'48'00", an arc distance of 224.94 feet to the end of said curve; THENCE South 89°37'06" West, a distance of 549.16 feet to the beginning of a curve bearing to the right having a radius of 440.00 feet; THENCE in a westerly direction along the last mentioned curve, passing through an angle of 24'48'47", an arc distance of 190.55 feet to a point for corner; THENCE South 89°29'40" West, a distance of 335.98 feet to a point for corner; THENCE North 00020'07" West, a distance of 571.03 feet to a point for corner; THENCE North 80°08'27" East, a distance of 69.83 feet to a point for corner; THENCE North 25055'52" East, a distance of 627.39 feet to a point for corner; THENCE North 00°28'33" East, a distance of 183.87 feet to a point for corner; THENCE North 05°31'27" West, a distance of 199.84 feet to a point for corner; THENCE North 00'07'10" East, a distance of 785.14 feet to a point for corner; THENCE South 89°55'41" West, a distance of 52.18 feet to a point for corner; THENCE North 16'48'10" East, a distance of 259.00 feet to a point for corner; THENCE North 28'44'10" East, a distance of 1596.51 feet to a point for corner; THENCE North 35'35'10" East, a distance of 269.66 feet to a point for corner; THENCE North 49'54'10" East, a distance of 159.53 feet to a point for corner; THENCE North 38'44'11" West, a distance of 766.07 feet to a point for corner; THENCE North 21 °50'42" East, a distance of 183.69 feet to a point for corner; cr; CD CD �a KXPA9. I EXHIBITS TO DRO• Xollo-61b S of 9'X ;.� I I i� �! 11 cc,J cc 6 910 Ivir" M sl,--. GRAPEVI\E ! by , TIF n1STRI(�`T 243.263 Ager S caaW des, Int �, Cn„a9tl ay _ _. t CITY OF OftAYBM[ME Fres p. F•rerroin9, aca Eav,: a r a+,a Da,- mamas BOUNDARY DAMAN . n TART Proiact qo. -- r us Amended Project and Financing Plan, TIRZ #1 DAVID PETTIT Original TIRZ Boundary THENCE South 38'44'11" East, a distance of 858.57 feet to a point for corner; THENCE North 56'53'10" East, a distance of 209.40 feet to a point for corner; THENCE North 66'43'10" East, a distance of 277.03 feet to a point for corner; THENCE North 74'48'10" East, a distance of 235.52 feet to a point for corner; THENCE North 88'06'10" East, a distance of 520.82 feet to a point for corner; THENCE North 89'19'40" East, a distance of 352.35 feet to a point for corner; THENCE North 01 '49'16" East, a distance of 451.84 feet to a point for corner; THENCE South 88'10'45" East, a distance of 160.00 feet to a point for corner; THENCE South 01 '49'16" West, a distance of 486.98 feet to a point for corner; THENCE North 89'15'09" East, a distance of 1983.97 feet to a point for corner; THENCE North 57'32'54" East, a distance of 363.97 feet to a point for corner; THENCE North 89° 15' 09" East, a distance of 354.94 feet to a point for corner; THENCE South 34° 34'.15" West, a distance of 245. 11 feet to a point for corner; THENCE South 89° 15'09" West, a distance of 156.44 feet to a point for corner; THENCE South 57° 32' S4" West, a distance of 363. 97 feet to a point for corner; THENCE South 89° 15'09" West, a distance of 2049.62 feet to a point for corner; THENCE South 0 V 49' 35" West, a distance of 1240.21 feet to a point for corner; THENCE South 01 ° 49' 35" West, a distance of 441. 77 feet to a point for corner; THENCE South OS' 5945" East, a distance of 405. 04 feet to a point for corner; THENCE South 15° 12'45" East, a distance of 324.23 feet to a point for corner; THENCE South 31° 00' S9" West, a distance of 665. 91 feet to a point for corner; THENCE South 27° 30' 10" West, a distance of 531. 11 feet to a point for corner; EXHIBIT f} TO 00.020/ to -OI D Page to of LtA THENCE North 47° 42' 13" West, a distance of 193. 61 feet to a point for corner; THENCE North 47° 17'47" East, a distance of 400.00 feet to the POINT OF BEGINNING and CONTAINING 274.787 acres; Save and except a tract of land, containing 31. 524 acres, situated in the Heirs of James Gibson Survey, Abstract 586 and the Henry Suggs Survey, Abstract No. 1415, in the City of Grapevine, Tarrant County, Texas and being a portion of a called 80. 6597- acres tract as conveyed to Gateway Center Associates, Ltd. and evidenced in a Special Warranty Deed, recorded in Volume 9799 at Page 0139 of the Deed Records of Tarrant County, Texas, said 33. 398- acre tract being more particularly described by metes and bounds as follows ( bearings based on the City of Grapevine control monumentation): COMMENCING at a concrete monument with brass cap found at the south corner of a visibility clip at the intersection of the south right-of-way line of Anderson- Gibson Road( a called 40- foot wide right-of-way) with the current right-of-way line of State Farm to Market Highway 2499 ( FM 2499 a variable width right-of-way)); THENCE South 01' 46' 42" West along the west right- of -way line of said FM 2499, 83. 81 feet to a 5/ 8- inch iron rod set for the POINT OF BEGINNING; THENCE South 01' 46'42" West continuing along said west right-of-way line of FM 2499, 771. 16 feet to a 518- inch iron rod set for a corner; THENCE South 46° 46'43" West, departing said west right-of-way line, 56.57 feet to a 5/ 8- inch iron rod set for a corner; THENCE North 88° 13' 17" West, 103. 41 feet to a 518- inch iron rod set for the beginning of a curve to the left; THENCE along the arc of said curve to the left, having a central angle of 71' 39'29", a radius of 340. 00 feet and an arc length of 425. 23 feet to a set 518- inch iron rod; THENCE South 20° 07' 14" West, 18. 98 feet to a 518- inch iron rod set for the beginning of a curve to the right; THENCE along the are of said curve to the right, having a central angle of 90° 00'00", a radius of 30.00 feet and an arc length of 47. 12 feet to a 518- inch iron rod set at the end of said curve; THENCE North 69° 52'46" West, 1158. 58 feet to a 5/ 8- inch iron rod set at the beginning of a curve to the right; THENCE along the arc of said curve to the right, having a central angle of 08° 34'24", a radius of 977.00 feet and an arc length of 146. 19 feet to a 518- inch iron rod set for the end of said curve; THENCE North 61° 18'22" West, a distance of 15. 92 feet to a point for corner; THENCE North 28° 44' 10" East, a distance of 45. 40 feet to a poiiit for corner; THENCE North 35° 35' 10" East, a distance of 232.58 feet to a point for corner; THENCE South 42° 21' 01" West, a distance of 1557.29 feet to a point on a curve whose center bears South 34° 44' 02" THENCE North 49° 54' 10" East, a distance of 232.53 feet to a point for corner; East, a distance of 4545. 66 feet; THENCE North 56° 53' 10" East, a distance of 229.94 feet to a point for corner; THENCE in a southwesterly direction bearing to the left along the last mentioned curve, passing through an angle of 07° 48' 02", an arc distance of 618.87 feet to a point for corner; Amended Project and Financing Plan, TIRZ #1 4 DAVID PETTIT I Original TIRZ Boundary THENCE North 66° 43' 10" East, a distance of 245. 69 feet to a point for corner; THENCE North 740 48' 10" East, a distance of 198. 07 feet to a point for corner; THENCE North 88° 06' 10" East, a distance of 383. 20 feet to a point for corner; THENCE South 78° 18'25" East, a distance of 108. 84 feet to a point for corner; THENCE North 890 17' 08" East, a distance of 295. 70 feet to a 518- inch iron rod set for corner; THENCE South 44° 28'04" East, 69. 16 feet to the POINT OF BEGINNING and CONTAINING 31. 524 acres. Amended Project and Financing Plan, TIRZ #1 5 EXHIBIT -h- To QP- D. �i6-aio Page of _ i DAVID P£TTIT EConorriec blevk!f)p%ilea( Expanded TIRZ Boundary TRACT A_ Beginning at the point of intersection of the southern Right -of -Way (ROW) line of Lakeside Parkway and the eastern property line of JAMES M BAKER ABST 1691 PG 410 TR 1 ACS 26.2685, thence Southeast along the southern ROW line of Lakeside Parkway to a point where said line intersects with the eastern property line of B B B & C RR ABST 1772 PG 430 TR 13.1 ACS 1.6390, thence South along the eastern property line B B B & C RR ABST 1772 PG 430 TR 13.1 ACS 1.6390 to a point where said line intersects with the southern property line of B B B & C RR ABST 1772 PG 430 TR 13.1 ACS 1.6390, thence East along the projection of the southern property line of B B B & C RR ABST 1772 PG 430 TR 13.1 ACS 1.6390 to a point where projection of said line intersects with the eastern property line of T W COUSY ABST 317 PG 430 TR 2 ACS 25.6793 HIGHPOINT PARK, thence South along the eastern property line of T W COUSY ABST 317 PG 430 TR 2 ACS 25.6793 HIGHPOINT PARK to a point where said line intersects with the eastern property line of J E HOLLAND ABST 0614 PG 210 TR 1 ACS 60.2055 AC, thence South along the eastern property line of J E HOLLAND ABST 0614 PG 210 TR 1 ACS 60.2055 AC to a point where the projection of said line intersects with the southern ROW line of TX -121 South, thence Southwest along the southern ROW line of TX -121 SOUTH to a point where said line intersects with the eastern ROW line of FM -2499 North, thence North along the eastern ROW line of FM -2499 North to a point where said line intersects with the southern ROW line of Stars and Stripes Way, thence Southwest along the southern ROW line of Stars and Stripes Way to a point where said line intersects with the southern ROW line of East Grapevine Mills Drive, thence West along the southern ROW line of East Grapevine Mills Drive to a point where the projection of said line intersects with the western ROW line of Grapevine Mills Boulevard North, thence Northeast along the western ROW line of Grapevine Mills Boulevard North to a point where said line intersects with the western ROW line of FM -2499 South, thence North along the western ROW line of FM -2499 South to a point where said line intersects with the projection of the southern property line of RIVERWALK ADDITION Block IA Lot lAl, thence East along the projection of the southern property line of RIVERWALK ADDITION Block lA Lot lAl to a point where said line intersects with the eastern property line of RIVERWALK ADDITION Block lA Lot lAl, thence North along the eastern property line of RIVERWALK ADDITION Block IA Lot lAl to a point where said line intersects with the northern property line of BAKER, JAMES M SURVEY Abstract 167 Tract 1, thence East along the northern property line of BAKER, JAMES M SURVEY Abstract 167 Tract 1 to a point where the projection of said line intersects with the western property line of JAMES M BAKER ABST 1691 PG 410 TR 1 ACS 26.2685, thence EXHIBIT d TO 04. dtcgb-olo Page —A of q '1'_ North along the western property line of JAMES M BAKER ABST 1691 PG 410 TR 1 ACS 26.2685 to a point where said line intersects with the northern property line of JAMES M BAKER ABST 1691 PG 410 TR 1 ACS 26.2685, thence East along the northern property line of JAMES M BAKER ABST 1691 PG 410 TR 1 ACS 26.2685 to a point where said line intersects with the southern ROW line of Lakeside Parkway, which is the point of beginning. r Beginning Point: Southern ROW Line of Lakeside Parkway and Eastern a Property Line of JAMES M BAKER RBST 1691 PG 410 TR 1 ACS 26.2685 1.11 Pky FM -2499 NF4-21,91 7qy J s —apn,,n.- Western ROW Line Mantrpal of FM 2499 South :;OR Course Southern ROW fine of East Grapevine Mills Drive R u U z Q � � ° a o , Amended Project and Financing Plan, TIRZ #1 C,I Eastern property line of J E HOLLAND RBST 0614 PG 210 TR 1 ACS 60.2055 AC Southern ROW line of TX -121 South r DAVID PETTIT Ec000fmL DC'woptri["w Expanded TIRZ Boundary TRACT B Beginning at the point of intersection of the western Right -of -Way (ROW) line of Anderson Gibson Road and the northern property line of SUGGS, HENRY SURVEY Abstract 1415 Tract 1E, thence West along the northern property line of SUGGS, HENRY SURVEY Abstract 1415 Tract 1 to a point where said line EXHIBIT f1 T069D. Gallo-vt 0 Page �_ of �( intersects with the eastern property line of SUGGS, HENRY SURVEY Abstract 1415 Tract IE, thence Northern property line of North along the eastern property line of SUGGS, HENRY SURVEY Abstract 1415 Tract 1 E to a point where said line SUGGS, HENRY SURVEY Ab - stract 1415 Tract 1E intersects with the northern property line of SUGGS, HENRY SURVEY Abstract 1415 Tract 1 E, thence s West along the northern property line of SUGGS, HENRY SURVEY Abstract 1415 Tract I to a point where said line v intersects with the eastern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5B, thence North along the eastern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5B to a point where Western property line of 7 said line intersects with the northern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5B, ANDERSON, ANDRIVEEW W thence SURVEY Abstract 26 Tract SB West along the northern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5B to a point where Beginning point: Western Row said line intersects with the western property line of ANDERSON ANDRIVEEW W SURVEY Abstract 26 Tract 5B line of Anderson Gibson Road � , and the northern property line thence of SUGGS, HENRY SURVEY Abstract 1415 Tract 1E 4c South along the western property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5B to a point where said line intersects with the southern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5B,Y thence e0 `•�, 4t '+*' East along the southern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5B to a point where said line intersects with the western property line of SUGGS HENRY SURVEY Abstract 1415 Tract lEf thence Ira ay..ni C yb Andtla, GD4»+ Km ,p South along the western property line of SUGGS, HENRY SURVEY Abstract 1415 Tract 1E to a point where said line GW ;o intersects with the western ROW line of Anderson Gibson Road, thence z«. WlV iakee Eas>.uxre �oNerenes CIM ' North along the western ROW line of Anderson Gibson Road to a point where said line intersects with the northern property line of SUGGS, HENRY SURVEY Abstract 1415 Tract 1E, which is the point of the beginning. Amended Project and Financing Plan, TIRZ #1 DAVID PETTIT 7 Economic is 'De4'dC prase o f Expanded TIRZ Boundary TRACT C Beginning at the point of intersection of the northern Right -of -Way (ROW) line of TX -26 W and the northern property line of BLUFFS AT GRAPEVINE ADDN, THE Block 1 Lot 1A, thence West along the northern property line of BLUFFS AT GRAPEVINE ADDN, THE Block 1 Lot IA to a point where said line intersects with the eastern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5, thence EXHIBITS TO O? -Q. aoltn-oi o Page __It> of cjq North along the eastern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5 to a point where said line intersects with the northern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5, thence .o West along the northern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5 to a point where said line intersects with the western property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5, thence South along the western property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5 to a point where the projection of said line intersects with the northern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract Western property fine of 26 Tract 6A, thence ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 6A Southwest along the northern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 6A to a point where said line intersects with the western property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 6A, thence South along the western property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 6A to a point where said line intersects with the southern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 6A, thence East along the southern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 6A to a point where � OTiud the projection of said line intersects with the southern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5, thence East along the southern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 5 to a point where said line intersects with the southern property line of BLUFFS AT GRAPEVINE ADDN, THE Block 1 Lot 1A, thence Southeast along the southern property line of ANDERSON, ANDRIVEEW W SURVEY Abstract 26 Tract 6A to a point where said line intersects with the northern ROW line of TX -26 W, thence Northeast along the northern ROW line of TX -26 W to a point where said line intersects with the northern property line of BLUFFS AT GRAPEVINE ADDN, THE Block 1 Lot 1A, which is the point of the beginning. Amended Project and Financing Plan, TIRZ #1 8 Beginning point; Northern ROW line of TX -26 W and the northern property line of BLUFFS AT GRAPEVINE ADDN, THE Block 1 Lot 1A DAVID PETTIT Econormc I)evooptrtent Expanded TIRZ Boundary TRACT D Beginning at the point of intersection of the eastern Right -of -Way (ROW) line of Jenkins Street and the northern property line of LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 37A, thence East along the northern property line of LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 37A to a point where said line intersects with the northern property line of LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 38 & 39, thence East along the northern property line of LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 38 & 39 to a point where said line intersects with the eastern property line LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 38 & 39, thence South along the eastern property line of LEONAROAD, ARCHIBALD F SURVEYAbstract 946 Tract 38 & 39 to a point where said line intersects with the southern property line LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 38 & 39, thence West along the southern property line of LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 38 & 39 to a point where said line intersects with the southern property line of LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 38A, thence West along the southern property line of LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 38A to a point where said line intersects with the eastern ROW line of Jenkins Street, thence North along the eastern ROW line of Jenkins Street to a point where said line intersects with the northern property line of LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 37A, which is the point of beginning. I" Beginning point: Eastern ROW line of Jenkins Street and the northern property line of LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 37A EXHIBIT q TO a �0�6-010 Page_1 ( E Northwest t1wy IX -114 -BR _u C E Wall S1 Wall St Southern property line of LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 38A rex3s St W Texas, st E Texas Si Amended Project and Financing Plan, TIRZ #1 9 Eastern property line of LEONAROAD, ARCHIBALD F SURVEY Abstract 946 Tract 38&39 first Bapirsl church Of Gtahvrtrw i DAVID PETTIT ftvoo rri tc Devc, ri p-rr rc r l f Expanded TIRZ Boundary TRACT E Beginning at the point of intersection of the eastern Right -of -Way (ROW) line of South Main Street and the northern property line of LIPSCOMB & DANIEL SUBDIVISION Lot 5 & ABST 422 TR 65A, thence East along the northern property line of LIPSCOMB & DANIEL SUBDIVISION Lot 5 & ABST 422 TR 65A to a point where said line intersects with the eastern property line of LIPSCOMB & DANIEL SUBDIVISION Lot 5 & ABST 422 TR 65A, thence South along the eastern property line of LIPSCOMB & DANIEL SUBDIVISION Lot 5 & ABST 422 TR 65A to a point where said line intersects with the southern property LIPSCOMB & DANIEL SUBDIVISION Lot 5 & ABST 422 TR 65A, thence West along the southern property line of LIPSCOMB & DANIEL SUBDIVISION Lot 5 & ABST 422 TR 65A to a point where said line intersects with the eastern ROW line of South Main Street, thence North along the eastern ROW line of South Main Street to a point where said line intersects with the northern property line of LIPSCOMB & DANIEL SUBDIVISION Lot 5 & ABST 422 TR 65A, which is the point of beginning. EXHIBIT 4 TO OR.D.lot(.-olD Page / 2 of L/9 - Beginning point: Eastern ROW line of South Main Street and the northern property line of LIPSCOMB & DANIEL SUBDIVISION Lot 5 & ABST 422 TR 65A Amended Project and Financing Plan, TIRZ #1 10 Eastern property line of LIPSCOMB & DANIEL SUBDIVISION Lot 5 & ABST 422 TR 65A DAVID PETTIT Current Conditions Amended Project and Financing Plan, TIRZ #1 11 EXHIBIT A To 2go. X11,-010 Page ___L3 of 11 Land Use The land within the TIRZ currently serves a variety of purposes with ample vacancies to be utilized for development. Method of Relocating Persons to be Displaced It is not anticipated that any persons will be displaced or need to be relocated as result of implementation. DAVID PETTIT L' (Ot-IUMfC ■ Current Conditions EXHIBIT R TO ©,CD. aol�-pt o Page V of qd-_ Zoning The property within the TIRZ contains a variety of zoning including: Community Commercial District, hotel Corporate Office District, Governmental Use District, Single Family Residential, Central Business District and Others.. It is not anticipated at this time there will be any other changes to the City of Grapevine zoning ordinance, master plan, building codes, subdivision rules and regulations or other municipal ordinances as a result of the TIRZ. 0 —" J a Legend ® BP ® GU HGT { PD R-12.5 = R-5.0 R -MH - CBD - GV - LI - PID R-20 R-7.5 R-TH CC - HC MXU PO - R-3.5 R -MF -1 RA CN HCO PCD PRD -12 F R-3.75 R -MF -2 - SP Major Highways/Arterials Amended Project and Financing Plan, TIRZ #1 12 DAVID PETTIT � (000rilk I, CVVOF; rrCnl ■ Current Conditions EXHIBIT TO 64a da/(o-6/ b Page S Of Ya Current Ownership Information There are 80 parcels within Tax Increment Reinvestment Zone #1, with numerous owners. The TIRZ is located in both, Tarrant County and Dallas County. For further details of parcels included within the TIRZ see Exhibit A. Amended Project and Financing Plan, TIRZ #1 13 0� DAVID PETTIT ECL}f►t MIL Od'b'C 0t -1.1 -MC 1[ ■ 41U` l j f ! ' �, _ 1 41 •� r .T t ilf �°' j' .� ', �'� , � rte i Project Costs There are a number of improvements within Tax Increment Reinvestment Zone #4 that will be financed by in part by incremental real property tax generated within the TIRZ. Proposed Project Costs Water Facilities and Improvements $ 4,747,022 3.8% Sanitary Sewer Facilities and Improvements $ 4,747,022 3.8% Storm Water Facilities and Improvments $ 7,120,533 5.7% Street and Intersection Improvements $ 23,735,109 19.0% Open Space, Park and Recreation Facilities $ 9,494,043 7.6% Parking Structure $ 9,000,000 7.2% Economic Development Grants $ 33,723,195 27.0% Educational Facilities * $ 30,000,000 24.00o Administration $ 2,373,511 1.9% TOTAL $ 124,940,435 100% * Up to $30,000,000 of GCISD TIF funds pursuant to Chapter 311.008 & 311.085 of the Texas Tax Code. The costs illustrated in the table above are estimates and may be revised. Savings from one line item may be applied to a cost increase in another line item. ICUBOTA NORTH AMERICAN HEADQUARTERS \` 302ACRESGROSS . ` CORPORATE! \\\� REMAINDER T'RAC'Tt 7:3 ACRES CdtOSS �. NOT A PART it r CORPORATE II REMAINDER TRACT B.TACRES GROSS OFFIC tr (' Hoar EIMI&O SE R I ; BOAA ACRES jfi f jz 9os ACRES GRGeg r i✓ to DESTINATION ENTERTAWMENT y 'I RETAIL! MULTWAMILY 32.6 ACRES GROSS UJ NOTA RG PEVINE MILLS BOULF-VARD f EXHIBIT A To -o�u Page -- Irl _ of Chapter 311 of the Texas Tax Code Sec. 311.002. (1) "Project costs" means the expenditures made or estimated to be made and monetary obligations incurred or estimated to be incurred by the municipality or county designating a reinvestment zone that are listed in the project plan as costs of public works, public improvements, programs, or other projects benefiting the zone, plus other costs incidental to those expenditures and obligations. "Project costs" include: (A) capital costs, including the actual costs of the acquisition and construction of public works, public improvements, new buildings, structures, and fixtures; the actual costs of the acquisition, demolition, alteration, remodeling, repair, or reconstruction of existing buildings, structures, and fixtures; the actual costs of the remediation of conditions that contaminate public or private land or buildings; the actual costs of the preservation of the facade of a public or private building; the actual costs of the demolition of public or private buildings; and the actual costs of the acquisition of land and equipment and the clearing and grading of land; (B) financing costs, including all interest paid to holders of evidences of indebtedness or other obligations issued to pay for project costs and any premium paid over the principal amount of the obligations because of the redemption of the obligations before maturity; (C) real property assembly costs; (D) professional service costs, including those incurred for architectural, planning, engineering, and legal advice and services; (E) imputed administrative costs, including reasonable charges for the time spent by employees of the municipality or county in connection with the implementation of a project plan; (F) relocation costs; (G) organizational costs, including the costs of conducting environmental impact studies or other studies, the cost of publicizing the creation of the zone, and the cost of implementing the project plan for the zone; (H) interest before and during construction and for one year after completion of construction, whether or not capitalized; (1) the cost of operating the reinvestment zone and project facilities; (J) the amount of any contributions made by the municipality or county from general revenue for the implementation of the project plan; (K) the costs of school buildings, other educational buildings, other educational facilities, or other buildings owned by or on behalf of a school district, community college district, or other political subdivision of this state; and (L) payments made at the discretion of the governing body of the municipality or county that the governing body finds necessary or convenient to the creation of the zone or to the implementation of the project plans for the zone. Amended Project and Financing Plan, TIRZ #1 15 i DAVID PETTIT cconorrlrc Devefop-vie"q Anticipated Development Anticipated Development The proposed TIRZ #1 development is a large scale mixed-use development that will be constructed over the next several years and financed in part by incremental property tax generated within the TIRZ. The table provides an overview of the potential development that we believe will occur duringthe life of the TIRZ along with estimated dates of when the incremental revenue will flow into the TIRZ fund. EXHIBIT TO 020. 16 6-6/6 Page of yA Output @ Year INET PRESENT VALUE @ 6% GROSS Amended Project and Financing Plan, TIRZ #1 16 2038 1 41,643,126 1 94,940,434 rDDAVID PETTIT rconorra Devc'lop� lcor Square Feet Area 1 Existing Mall 1,877,254 'r Al_. _ . _. ... _.... .. 1,877,254 Area 2 Office - Kubota 200,000 Mixed Use 4,077,500 4,277,500 Area 3 2,607,000 2,607,000 Grand Total SQFT 8,761,754 Output @ Year INET PRESENT VALUE @ 6% GROSS Amended Project and Financing Plan, TIRZ #1 16 2038 1 41,643,126 1 94,940,434 rDDAVID PETTIT rconorra Devc'lop� lcor Financial Feasibility Analysis Method of Financing To fund the public improvements outlined on the previous pages, it is anticipated that the City of Grapevine will contribute 100% of its real property increment for the duration of the TIRZ. City of Grapevine Participation Overview Real Property Tax Partici ation City of Grapevine 0.33243900 100% 0.3324390 Tarrant County 0.26400000 0% 0.0000000 Tarrant County Hospital 0.22789700 0% 0.0000000 TCC 0.14897000 0% 0.0000000 TRW D 0.02000000 0% 0.0000000 Gra evine/Colle ville ISD 1 1.32010000 0% 0.0000000 2.31340600 1 1 0.3324390 Debt Service It is not anticipated at this time that the TIRZ will incur any bonded indebtedness. Economic Feasibility Study A taxable value analysis was developed as part of the amended project and financing plan to determine the economic feasibility of the project. The study examined the expected tax revenue the TIRZ would receive based on the previously outlined developments. A summary overview of the anticipated development square footages, the anticipated sales per square foot and the anticipated taxable value per square foot can be found on the previous page. The taxable value analysis shows the estimated captured appraised value of the zone during each year of its existence and the net benefits of the zone to each of the local taxing jurisdictions. Utilizing the information outlined in this feasibility study, we have found that the TIRZ is economically feasible and will provide the City with economic benefits that would not occur without its implementation. trsternational Pk; �. ESA • 38DO Farway Dr Gra Mu Gal Oak Grove Park o� N Lq Oak Geove Csk G"s a gasobatt Complex Mockingbird Dr C> 1,001P QI ..c' w 0 16 � c Acorn 6Ywd s 4D i1 �j a ZZ z a a 6 Bushong Rd °A ktl s �t �rYersi to ACE Gsybo Grapevine Lee,- ic Sh�r�y stir° 'Irook Dt N W Peach Ste .s Terri �k+� Z er Rd tt Ski thvvest Hwy I -X -114-8R E ttorthw*st Hwy Grapevine - e wall St coppeli Rel }, r ve W Dallas Rd E Oattas Rdyloods A kv St w d7 7 EXHIBITS TO DRD. coir`-�tU Page ___L7 of Cotton Rd V01lyA14l::y:a esters Blvd Amended Project and Financing Plan, TIRZ #1 DAVID PETTIT 17 � conorrik r eVC(01 '- TICOt Financial Feasibility Analysis Revenue Summary Taxing Jurisdictions Total Taxes Generated Participation P Net Benefit City of Grapevine $232,482,187 $94,940,434 $137,541,753 Tarrant County $78,269,751 $0 $78,269,751 Tarrant County Hospital $67,566,066 $0 $67,566,066 TCC $44,166,079 $0 $44,166,079 TRWD $5,929,527 $0 $5,929,527 Gra evine/Colle ville ISD $391,378,402 $0 $391,378,402 Total $819,792,012 $94,940,434 $724,851,578 Estimated Revenue by Year $ 6,000,000- ir TRWD ■ Tarrant County ■ City of Grapevine$5,000,000 $4,000,000 �- $3,000,000 $2,000,000 �— $1,000,000 $0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 Total Taxes Generated $391,378,402,48 % $5,929,527, $232,482,187,28% EXHIBIT I} TO 00. 9,cwt0-010 Page ac> of 4�1- ■ City of Grapevine ■ Tarrant County n Tarrant County Hospital ■ TCC ■TRWD F Grapevine/Colleyville ISD 751,10% 5,066,8% Amended Project and Financing Plan, TIRZ #1 DAVID PETTIT Financial Feasibility Analysis TAXABLE BASE YEAR GROWTH 2.00% Tarrant County 7,647,325 DISCOUNTRATE 6.00% TCC 7,647,325 TRWD 2015-2017 Grapevine/Colley,de ISD 7,647,325 0.1489700 REAL PROPERTY TAX Cityof Grapevine 0.3324390 100% 0.3324390 Tarrant County 0.2640000 100% 0.2640000 Tarrant County Hospital 0.2278970 100% 0.2278970 TCG 0.1489700 100% 0.1489700 TRWD 0.0200000 100% 0.0200000 Grapevine/Colleyville ISD 1.3201000 100% 1.3201000 21,400,014 2.3134060 22,264,575 2.3134060 23,164,063 BASE YEAR 0 0 REVENUE YEAR 1998 I 2015 2016 BASE YEAR 500,192 397,218 559,408 444,243 649,478 515,770 City of Grapevine 7,647,325 Tarrant County 7,647,325 Tarrant County Hospital 7,647,325 TCC 7,647,325 TRWD 7,647,325 Grapevine/Colley,de ISD 7,647,325 TAXABLE VALUE City of Grapevine Tarrant County Tarrant County Hospital TCC TRWD Grapevine/Colleyville ISD TAXABLE VALUE INCREMENT Cityof Grapevine Tarrant County Tarrant County Hospital TCC TRWD Grapevine/Colleyville ISD TAXABLE VALUE GROWTH Cityof Grapevine Tarrant County Tarrant County Hospital TCC TRWD Grapevine/Colleyville ISD UE #1 -RETAIL REAL PROPERTY TAX BUSINESS PERSONAL PROPERTY Cityof Grapevine Tarrant County Tarrant County Hospital TCC TRWD Grapevine/Colleyville ISD UE #2 - SALES TAX of 0 0 0 0 0 0 ESTIMATE OF GENERAL IMPACT OF PROPOSED ZONE PROPERTY VALUES AND TAX REVENUES REAL PROPERTY TAX 0.3324390 100% 0.3324390 0.2640000 100% 0.2640000 0.2278970 100% 0.2278970 0.1489700 100% 0.1489700 0.0200000 100% 0.0200000 1.3201000 100% 1.3201000 1.JIJ4VOV 2.d134Vt;0 0 12 3 4 2017 2018 2019 2020 2021 City of Grapevine Tarrant Count Tarrant County Hospita TC( TRW[ Grapevine/Colleyville IS[ BUSINESS PERSONAL PROPERTYTA 0.3324390 100% 0.3324390 0.264000o 100% 0.2640000 0.2278970 111% 0.2278970 0.1489700 100% 0.1489700 0.0200000 100% 0.0200000 1.32010001 100% 1.3201000 SALES T- IF 0.02000001 0.00% 0.(H1000fN1 EXHIBIT A T® Page A of a; 1.-1- L.J7114uou 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,3251' 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,fi47,32: 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647 325 7647,325 ,, 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647;325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7.,647;325 393,047 274,780,908 280,276,526 285,882,057 291,599,698 297,431,692 303,380,326 309,447,932 315,636,891 321,949,629 328,388,621 334,956,393 341,655,521 348,488,632 355,458,404 362,567,573 369,818,924 377,215,302 384,759,609 392,454,801 400,303,897 408,309,975 416,476,174 424,805;698 393,047 274,780,908 280,276,526 285,882,057 291,599,698 297,431,692 303,380,326 309,447,932 315,636,891 321,949,629 328,388,621 334,956,393 341,655,521 348,488,632 355,458,404 362,567,573 369,818,924 377,215,302 384,759,609 392,454,801 400,303,897 408,309,975 416,476,174 424,805,698 393,047 274,780,908 280,276,526 285,882,057 291,599,698 297,431,692 303,380,326 309,447,932 315,636,891 321,949,629 328,388,621 334,956,393 341,655,521 348,488,632 355,458,404 362,567,573 369,818,924 377,215,302 384,759,609 392,454,801 400,303,897 408,309,975 416,476,174 424,805,698 393,047 274,780,908 280,276,526 285,882,057 291,599,698 297,431,692 303,380,326 309,447,932 315,636,891 321,949,629 328,388,621 334,956,393 341,655,521 348,488,632 355,458,404 362,567,573 369,818,924 377,215,302 384,759,609 392,454;801 400,303,897 408,309,975 416,476,174 424,805,698 393,047 274,780,908 280,276,526 285,882,057 291,599,698 297,431,692 303,380,326 309,447,932 315,636,891 321,949,629 328,388,621 334,956,393 341,655,521 348,488,632 355,458,404 362,567,573 369,818,924 377,215,302 384,759.,609 392,454,801 400,303,897 408,309,975 416,476,174 424,805,698 393,047 274,780,908 280,276,526 285;882,057 291,599,698 297,431,692 303,380,326 309,447,932 315,636,891 321,949,629 328,388,621 334,956,393 341,655,521 348,488,632 355,458,404 362,567,573 369,818,924 377,215,302 384,759,609 392,454,801 400,303,897 408,309,975 416,476,174 424,805,698 261,745,722 267,133,583 272,629,201 278,234,732 283,952,373 289,784,367 295,733,001 301,800,607 307,989,566 314,302,304 320,741,296 327,309,068 334,008,196 340,841,307 347,811,079 354,920,248 362,171,599 369,567,977 377,112,284 384,807,476 392,656,572 400,662,650 408,828,849 417,158,373 261,745,722 267,133,583 272,629,201 278,234,732 283,952,373 289,784,367 295,733,001 301,800,607 307,989,566 314,302,304 320,741,296 327,309,068 334,008,196 340,841,307 347,811,079 354,920,248 362,171,599 369,567,977 377,112,284 384,807,476 392,656,572 400,662,650 408,828,849 417,158,373 261,745,722 267,133,583 272,629,201 278,234,732 283,952,373 289,784,367 295,733,001 301,800,607 307,989,566 314,302,304 320,741,296 327,309,068 334,008,196 340,841,307 347,811,079 354,920,248 362,171,599 369,567,977 377,112,284 384,807,476 392,656,572 400,662,650 408,828,849 417,158,373 261,745,722 267,133,583 272,629,201 278,234,732 283,952,373 289,784,367 295,733,001 301,800,607 307,989,566 314,302,304 320,741,296 327,309,068 334,008,196 340,841,307 347,811,079 354,920,248 362,171,599 369,567,977 377,112,284 384,807,476 392,656,572 400,662,650 408,828,849 417,158,373 261,745,722 267,133,583 272,629,201 278,234,732 283,952,373 289,784,367 295,733,001 301,800,607 307,989,566 314,302,304 320,741,296 327,309,068 334,008,196 340,841,307 347,811,079 354,920,248 362,171,599 369,567,977 377,112,284 384,807,476 392,656,572 400,662,650 408,828,849 417,158,373 261,745,722 267,133,583 272,629,201 278,234,732 283,952,373 289,784,367 295,733,001 301,800,607 307,989,566 314,302,304 320,741,296 327,309,068 334,008,196 340,841,307 347,811,079 354,920,248 362,171,599 369,567,977 377,112,284 384,807,476 392,656,572 400,662,650 408,828,849 417,158,373 870,145 888,056 906,326 924,961 943,968 963,356 983,132 1,003,303 691,009 705,233 719,741 734,540 749,634 765,031 780,735 796,754 596,511 608,789 621,314 634,089 647,119 660,410 673,967 687,795 389,923 397,949 406,136 414,486 423,004 431,692 440,553 449,592 52,349 53,427 54,526 55,647 56,790 57,957 59,147 60,360 3,455,305 3,526,430 3,598,978 3,672,977 3,748,455 3,825,443 3,903,971 3,984,070 0 0 0 0 0 0 0 0 n v 6% '35,581,648 0 0 npv @ 6% TOTALS 1,023,877 1,044,863 1,066,269 1,088,103 1,110,374 1,133,089 1,156,260 1,179,893 1,204,000 1,228,588 1,253,668 1,279,250 1,305,344 1,331,959 1,359,107 1,386,797 26,634,688 Cityof Grapevine 813,092 829,758 846,757 864,096 881,782 899,821 918,221 936,989 956,133 975,659 995,576 1,015,892 1,036,613 1,057,749 1,079,308 1,101,298 21,151,422 Tarrant County 701,899 716,286 730,960 745,928 761,195 776,767 792,651 808,853 825,378 842,234 859,428 876,965 894,853 913,098 931,709 950,691 18,258,885 Tarrant County Hospital 458,812 468,216 477,808 487,592 497,572 507,751 518,134 528,725 539,527 550,545 561,784 573,248 584,940 596,867 609,032 621,441 11,935,331 TCC 61,598 62,860 64,148 65,462 66,802 68,168 69,562 70,984 72,434 73,914 75,422 76,961 78,531 80,133 81,766 83,432 1,602,380 TRWD 4,065,770 4,149,105 4,234,106 4,320,807 4,409,242 4,499,446 4,591,454 4,685,302 4,781,027 4,878,667 4,978,259 5,079,843 5,183,459 5,289,148 5,396,950 5,506,908 105,765,124 Grapevine/Colleyville ISD 7,125,049 7,271,088 7,420,048 7,571,988 7,726 966 7,885,043 8 046 282 8,210,746 8,378,500 8,549,608 8.724.138 8.902.159 9nA3.7e1 Q Mt ORA Q ARI ATI Q - ccs 7777777771 0 0 0 0 0 0 0 0 48,150,000 4,627,500 72,225,000 6,941,250 113,175,000 10,942,500 137,362,500 13,098,750 153,675,000 178,425,000 14,598,750 186,862,500 195,300,000 199,206,000 203,190,120 207,253,922 211,399,001 215,626,981 219,939,520 224,338,311 228,825,077 233,401,579 238,069,610 242,831,002 REAL PROPERTY TAX 0 0 0 0 0 92,550,000 138,825,000 218,850,000 261,975,000 291,975,000 338,850,000 355,725,000 372,600,000 380,052,000 367,653,040 395,406,101 16,942,500 17,786,250 18,630,000 19,002,600 19,382,652 19,770,305 20,165,711 20,569,025 20,980,406 21,400,014 21,828,014 22,264,575 22,709,866 23,164,063 17,085,000 17,426,700 0 0 0 0 0 0 0 0 175,453 139,333 263,179 208,999 412,615 327,670 500,192 397,218 559,408 444,243 649,478 515,770 680,332 711,187 725,410 739,919 754,717 769,811 785,208 800,912 816,930 833,269 849,934 866,933 884,271 12,779,157 City of Grapevine 0 0 0 0 120,278 180,418 282,860 342,897 383,491 445,237 540,273 466,388 564,775 487,540 576,071 497,291 587,592 599,344 611,331 623,557 636,029 648,749 661,724 674,959 688,458 702,227 10,148,321 Tarrant County 0 0 0 0 78,623 117,934 184,898 224,142 250,677 291,039 304,865 318,692 325,065 507,237 331,567 517,381 338,198 527,729 538,284 549,049 560,030 571,231 582,655 594,309 606,195 8,760,499 Tarrant County Hospital 0 0 0 0 10,556 15,833 24,824 30,092 33,655 39,074 40,930 42,786 43,642 44,515 45,405 344,962 46,313 351,861 358,898 366,076 373,398 380,866 388,483 396,253 5,726,497 TCC 0 0 0 0 696,716 1,045,074 1,638,475 1,986,239 2,221,382 2,579,046 2,701,568 2,824,090 2,880,572 2,938,183 2,996,947 3,056,886 47,239 3,118,023 48,184 3,180,384 49,148 50,131 51,133 52,156 53,199 768,812 TRWD 3,243,992 3,308,871 3,375,049 3,442,550 3,511,401 50,745,447 Grapevine/Colleyville ISD 0 0 0 0 1,220,958 1,831,437 2,871,342 3,480,780 3,892,855 4,519,643 4,734,356 4,949,069 5,048 051 5,149,012 5,251,992 5,357,032 5,464,173 5,573,456 5,684,925 5,798,624 5,914,596 6,032,8886,153,546 88,928,734 REAL PROPERTY TAX 0 0 0 0 0 92,550,000 138,825,000 218,850,000 261,975,000 291,975,000 338,850,000 355,725,000 372,600,000 380,052,000 367,653,040 395,406,101 403,314,223 411,380,507 419,608,117 428,000,280 436,560,285 445,291,491 454,197,321 463,281,267 6,000,000 E #3 -OFFICE 26,825,560 City of Grapevine 1,400,032 21,303,000 Tarrant County 1,208,573 18,389,734 Tarrant County Hospital 790,011 12,020,863 TCC 106,063 1,613,864 TRWD 7,000,692 106,523,069 Grapevine/Colleyville ISD 12.268.346 186.676 _ n Q o REAL PROPERTY TAX 0 28,700,000 43,050,000 102,275,000 124,712,500 147,150,000 206,375,000 235,987,500 265,600,000 333,500,000 367,450,000 401,400,000 409,428,000 417,616,560 425,968,891 434,488,269 443,178,034 452,041,595 BUSINESS PERSONAL PROPERTY 0 1,000,000 1,500,000 4,000,000 5,000,000 6,000,000 8,500,000 9,750,000 11,000,000 13,875,000 15,312,500 16,750,000 17,085,000 17,426,700 17,775,234 18,130,739 18,493,353 18,863,221 City of Grapevine 0 98,734 148,102 353,300 431,215 509,130 714,328 816,927 919,526 1,154,810. 1,272,452 1,390,094 1,417,896 1,446,253 1,475,179 1,504,682 1,534,776 1,565,471 Tarrant County Tarrant County Hospital 0 0 78,408 67,685 117,612 101,528 280,566 242,198 342,441 295,611 404,316 349,024 567,270 489,694 648,747 730,224 917,070 1,010,493 1,103,916 1,125,994 1,148,514 1,171,484 1,194,914 1,218,812 1,243,189 TCC 0 44,244 66,366 158,318 193,233 228,148 320,099 560,028 366,075 630,363 412,051 791,657 517,485 872,304 952,951 972,010 991,451 1,011,280 1,031,505 1,052,135 1,073,178 TRWD 0 5,940 8,910 21,255 25,943 30,630 42,975 49,148 55,320 69,475 570,201 76,553 622,918 83,630 635,376 85,303 648,084 87,009 661,046 674,267 687,752 701,507 Grapevine/Colleyville ISD 0 392,070 588,105 1,402,936 1,712,335 2,021,733 2,836,565 3,243,981 3,651,397 4,585,697 5,052,848 5,519,998 5,630,398 5,743,006 88,749 90,524 92,334 94,181 npv 0 6% 5,857,866 5,975,024 6,094,524 6,216,414 470,304,076 479,710,157 489,304,360 499,090,447 9,240,485 19,625,295 20,017,801 20,418,157 20,826,520 1,596,781 1,628,716 1,661,291 1,694,516 1,728,407 1,268,052 1,293,414 1,319,282 1,345,667 1,372,581 1,094,642 1,116,534 1,138,865 1,161,642 1,184,875 715,537 729,848 744,445 759,334 774,520 96,065 97,986 99,946 101,945 103,983 6,340,743 6,467,558 6,596,909 6,728,847 6,863,424 1,111,819 11,334,055 11.560.737 11.791.951 12(177 7Qn of 1,762,975 26,825,560 City of Grapevine 1,400,032 21,303,000 Tarrant County 1,208,573 18,389,734 Tarrant County Hospital 790,011 12,020,863 TCC 106,063 1,613,864 TRWD 7,000,692 106,523,069 Grapevine/Colleyville ISD 12.268.346 186.676 _ n Q o Amended Project and Financing Plan, TIRZ #1 DAVID PETTIT 19 0 Economic DeVr"rfi1pot nit Financial Feasibility Analysis TAXABLE BASE YEAR GROWTH 2.00 PROPERTY TAX 0.3324390 DISCOUNT RATE6.00% 0.3324390 0.2640000 2015-2017 0.2640000 0.2278970 100% REAL PROPERTY TAX City of Grapevine 0.3324390 100% 0.3324390 Tarrant County 0.2640000 100% 0.2640000 Tarrant County Hospital 0.2278970 100% 0.2278970 TCC 0.1489700 100% 0.1489700 TRWD 0.0200000 100% 0.0200000 Gra pevi ne/Colleyvi lie IS 1.3201000 100% 1.3201000 2.3134060 16 2.3134060 BASE YEAR 0 0 REVENUE YEAR 1998 2015 2016 REVENUE #4 -COMMERCIAL 3 4 2021 REALPROPERTYTAX 0 0 BUSINESS PERSONAL PROPERTY 0 0 City of Grapevine 0 0 Tarrant County 0 0 Tarrant County Hospital 0 0 TCC 0 0 TRWD 0 0 Grapevine/Colleyville ISD 0 0 0 0 0 C C C 0 1 2017 2018 0 33,250,000 0 1,187,500 ESTIMATE OF GENERAL IMPACT OF PROPOSED ZONE PROPERTY VALUES AND TAX REVENUES REAL PROPERTY TAX 0.3324390 100% 0.3324390 0.2640000 100% 0.2640000 0.2278970 100% 0.2278970 0.1489700 100% 0.1489700 0.0200000 100% 0.0200000 1 3201000 100% 1.3201000 0 114,484 0 90,915 0 78,482 0 51,302 0 6,888 0 454,609 City of Grapevine Tarrant County Tarrant County Hospital TCC TRWD Gra pevi ne/Colleyvi lie ISD BUSINESS PERSONAL PPOPERTYTAX 0.3324390 100% 0.3324390 0.2640000 100% 0.2640000 0.2278970 100% 0.2278970 0.1489700 100% 0.1489700 0.0200000 100% 0.0200000 1.3201000 100% 1.3201000 I-- SAF.. §4 TAX 0.02000001 0.00% 1 0 COW000 EXHIBIT A T004p. aorl�-oto Page ;-x of q;. 2.3134060 0 0 0 2.3134060 0 0 0 33,712,500 0 112,073 50,568,750 0 168,110 2.3134060 125,987,500 0 418,832 2.3134060 194,706,250 0 647,280 204,862,500 0 681,043 208,959,750 0 694,664 213,138,945 0 708,557 217,401,724 0 722,728 221,749,758 0 737,183 226,184,754 0 751,926 230,708,449 0 766,965 609,070 235,322,618 0 782,304 621,252 240,029,070 0 797,950 633,677 244,829,651 0 813,909 646,350 249,726,244 0 830,187 659,277 254,720,769 0 846,791 672,463 259,815,185 0 863,727 685,912 265,011,485 0 881,002 699,630 270,311,718 0 898,622 713,623 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 585,419 505,361 597,128 515,468 2 3 4 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 TOTALS 466,875 2019 2020 323,863 330,341 336,947 343,686 350,560 357,571 364,723 372,017 379,458 387,047 394,788 402,683 6,265,661 TCC TCC 0 0 0 50,222 75,332 49,875,000 137,400,000 172,850,000 208,300,000 212,466,000 216,715,320 221,049,626 225,470,619 229,980,031 234,579,632 239,271,225 244,056,649 248,937,782 253,916,538 258,994,868 9,729,404 264,174,766 9,923,992 269,458,261 10,122,472 274,847,426 10,324,921 280,344,375 10,531,420 285,951,262 10,742,048 53,002 54,062 1,781,250 5,100,000 6,462,500 7,825,000 7,981,500 8,141,130 8,303,953 8,470,032 8,639,432 8,812,221 8,988,465 9,168,235 9,351,599 9,538,631 2,813,647 2,869,920 2,927,319 2,985,865 3,045,582 3,106,494 3,168,624 3,231,996 171,726 473,726 596,105 718,484 732,853 747,511 762,461 777,710 793,264 809,129 825,312 841,818 858,655 875,828 893,344 911,211 929,435 738,093 948,024 752,855 966,985 767,912 986,324 783,270 15,734,388 12,495,160 City of Grapevine Tarrant County 136,373 376,200 473,385 570,570 581,981 593,621 605,493 617,603 629,955 642,554 655,406 668,514 681,884 588,634 695,522 600,406 709,432 612,415 723,621 624,663 637,156 649,899 662,897 676,155 10,786,399 Tarrant County Hospital 117,723 324,753 408,648 492,542 502,393 512,441 522,690 533,144 543,807 355,471 554,683 362,581 565,776 369,832 577,092 377,229 384,774 392,469 400,319 408,325 416,491 424,821 433,318 441,984 7,050,773 TCC 76,952 212,282 267,122 321,961 328,401 334,969 341,668 348,501 46,788 47,724 48,678 49,652 50,645 51,658 52,691 53,745 54,820 55,916 57,034 58,175 59,339 946,603 TRWD 10,331 28,500 35,863 43,225 44,090 44,971 45,871 3,088,251 3,150,016 3,213,016 3,277,276 3,342,822 3,409,678 3,477,872 3,547,429 3,618,378 3,690,745 3,764,560 3,839,851 3,916,648 62,480,532 Grapevine/Colleyville ISI 681,914 1,881,143 2,367,104 2,853,066 2,910,127 2,968,330 3,027,697 nnn ono � noo RAR 5 9(11 AAI 5.305.879 5.411.997 5,520,237 5,630,642 5,743,255 5,858,120 5,975,282 6,094,788 6,216,683 6,341,017 6,467,837 6,597,194 6,729,138 6,863,721 109,4937855 REVENUE#5-HOTEL REAL PROPERTY TAX BUSINESS PERSONAL PROPERTY 0 0 0 0 0 0 0 0 0 33,712,500 0 112,073 50,568,750 0 168,110 87,737,500 0 291,674 125,987,500 0 418,832 170,503,125 0 566,819 194,706,250 0 647,280 204,862,500 0 681,043 208,959,750 0 694,664 213,138,945 0 708,557 217,401,724 0 722,728 221,749,758 0 737,183 226,184,754 0 751,926 230,708,449 0 766,965 609,070 235,322,618 0 782,304 621,252 240,029,070 0 797,950 633,677 244,829,651 0 813,909 646,350 249,726,244 0 830,187 659,277 254,720,769 0 846,791 672,463 259,815,185 0 863,727 685,912 265,011,485 0 881,002 699,630 270,311,718 0 898,622 713,623 13,982,345 11,103,809 City of Grapevine Tarrant County 870,145 691,009 596,511 389,923 52,349 3,455,305 City of Grapevine Tarrant County 0 0 0 89,001 133,502 231,627 332,607 450,128 514,025 540,837 551,654 562,687 573,941 495,452 585,419 505,361 597,128 515,468 525,778 536,293 547,019 557,959 569,119 580,501 592,111 603,953 616,032 9,585,321 Tarrant County Hospital Tarrant Corm Hospital 0 0 0 76,830 115,245 199,951 287,122 388,572 443,730 466,875 476,213 311,287 485,737 317,513 323,863 330,341 336,947 343,686 350,560 357,571 364,723 372,017 379,458 387,047 394,788 402,683 6,265,661 TCC TCC 0 0 0 50,222 75,332 130,703 187,684 253,999 290,054 305,184 41,792 42,628 43,480 44,350 45,237 46,142 47,065 48,006 48,966 49,945 50,944 51,963 53,002 54,062 841,198 TRWD TRWD 0 0 0 6,743 10,114 17,548 25,198 34,101 38,941 40,973 2,704,390 2,758,478 2,813,647 2,869,920 2,927,319 2,985,865 3,045,582 3,106,494 3,168,624 3,231,996 3,296,636 3,362,569 3,429,820 3,498,417 3,568,385 55,523,251 Grapevine/Colleyville ISI Grapevine/ColleyvT ISD 0 0 0 445,039 667,558 1,158,223 1,663,161 2,250,812 2,570,317 n v 6% 2,029,725 2,914,602 3,944,430 4,504,346 4,739,301 4,834,087 4,930,769 5,029,385 5,129,972 5,232,572 5,337,223 5,443,968 5,552,847 5,663,904 5,777,182 5,892,726 6,010,580 6,130,792 6,253,408 97,301,5 gp;7g8,�3 0 0 0 779,907 1,169,860 325,323 650,645 759,086 867,527 884,878 TRIAL REAL PROPERTY TAX ERSONAL PROPERTY 0 0 0 0 0 0 0 0 0 0 0 0 6,250,000 3,125,000 31,166 9,375,000 4,687,500 46,749 18,750,000 9,375,000 93,498 21,875,000 10,937,500 109,082 25,000,000 12,500,000 124,665 25,500,000 12,750,000 127,158 26,010,000 13,005,000 129,701 26,530,200 13,265,100 132,295 27,060,804 13,530,402 134,941 27,602,020 13,801,010 137,640 28,154,060 14,077,030 140,393 28,717,142 14,358,571 143,200 29,291,485 14,645,742 146,064 115,994 29,877,314 14,938,657 148,986 118,314 30,474,860 15,237,430 151,965 120,680 31,084,358 15,542,179 155,005 123,094 31,706,045 15,853,022 158,105 125,556 32,340,166 16,170,083 161,267 128,067 32,986,969, 16,493,485 164,492 130,628 16,823,354 167,782 133,241 2,604,155 2,068,039 City of Grapevine Tarrant County 870,145 691,009 596,511 389,923 52,349 3,455,305 City of Grapevine County 0 0 0 0 24,750 37,125 74,250 86,625 99,000 100,980 103,000 105,060 107,161 109,304 111,490 96,243 113,720 98,168 100,132 102,134 104,177 106,260 108,386 110,553 112,764 115,020 1,785,227 Tarrant County Hospital Tarrant Tarrant County Hospital 0 0 0 0 21,365 32,048 64,096 74,779 85,461 87,171 88,914 90,692 92,506 60,469 94,356 61,678 62,912 64,170 65,453 66,762 68,098 69,460 70,849 72,266 73,711 75,185 1,166,954 TCC TCC 0 0 0 0 13,966 20,949 41,898 48,881 55,864 56,981 58,121 59,283 7,959 8,11 8 8,281 8,446 8,615 8,787 8,963 9,142 9,325 9,512 9,702 91896 10,094 156,670 TRWD TRWD 0 0 0 0 1,875 2,813 5,625 6,563 7,500 7,650 504,938 7,803 515,037 525,338 535,845 546,561 557,493 568,642 580,015 591,616 603,448 615,517 627,827 640,384 653,191 666,255 10,340,980 Grapevine/Colleyville IS1 ISD 0 0 0 0 123,759 185,639 371,278 433,158 495,038 Grapevine/Colleyvi lle n v 6% 902,575 920,627 939,039 957,820 976,977 996,516 1,016,446 1,036,775 1,057,511 1,078,661 1,100,234 1,122,239 1,144,684 1,167,577 18,122,0 7554711 0 0 0 0 216,882 325,323 650,645 759,086 867,527 884,878 118 346,960,003 390,126,764 N Amended Project and Financing Plan, TIRZ #1 DAVID PETTIT 20 fCG))00frirc �'��4r�'UC+rT2e;at 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2025 2029 2030 2031 2032 2033 2034 2035 2036 2037 2035 of Grapevine $ 9fi,734,143 pevin City p Tarrant $ 34,257,129 Y Tarrant Count Hospital $ 29,572,337 Y P TCC $ 19,330,623 TRWD $ 2,595,237 ra evine/Colle T ISD $ 171,298,621 870,145 691,009 596,511 389,923 52,349 3,455,305 986,791 783,641 676,475 442,193 59,367 3,918,500 1,054,427 837,353 722,842 472,502 63,436 4,187,083 1,504,817 1,195,022 1,031,598 674,327 90,532 5,975,561 1,746,185 1,386,699 1,197,063 782,487 105,053 6,934,022 4,311,088 4,953,631 1,686,465 1,102,396 148,002 9,768,897 18,970,479 5,845,574 2,437,246 2,103,943 1,375,290 184,640 12,187,153 24,133,847 8,004,229 2,880,494 2,486,576 1,625,406 218,219 14,403,561 29,618,486 9,187,893 3,135,540 2,706,743 1,769,323 237,541 15,678,888 32,715,929 10,154,292 3,426,509 2,957,921 1,933,511 259,584 17,133,842 35,865,659 11,352,024 3,633,167 3,136,318 2,050,125 275,240 18,167,211 38,614,085 11,891,591 3,793,634 3,274,840 2,140,673 287,397 18,969,609 40,357,744 12,342,389 3,883,608 3,352,510 2,191,443 294,213 19,419,510 41,483,673 12,589,745 3,961,684 3,419,909 2,235,500 300,128 19,809,920 42,316,885 12,842,049 4,041,321 3,488,655 2,280,438 306,161 20,208,137 43,166,761 13,099,398 4,122,551 3,558,777 2,326,275 312,315 20,614,319 44,033,635 13,361,895 4,205,406 3,630,301 2,373,028 318,591 21,028,624 44,917,846 13,629,641 4,289,918 3,703,256 2,420,716 324,994 21,451,216 45,819,741 13,902,742 4,376,120 3,777,669 2,469,359 331,524 21,882,259 46,739,674 14,181,305 4,464,047 3,853,571 2,518,974 338,185 22,321,923 47,678,006 14,465,440 4,553,731 3,930,991 2,569,581 344,980 22,770,381 48,635,104 14,755,257 4,645,210 4,009,960 2,621,200 351,910 23,227,808 49,611,344 15,050,871 4,738,518 4,090,507 2,673,852 358,979 23,694,383 50,607,109 15,352,397 232,482,187 City of Grapevine 4,833,692 78,269,751 Tarrant County ounly ospita 4,172,666 67,566,066 Tarrant 166,079 TCC 2,727,557 44, 366,189 5,929,527 TRWD 24,170,290 391,378,402 Grapevine/Colleyville ISI 51,622,790 819,792,012 $ 353,788,090 6,055,241 6,866,966 7,337,643 10,471,857 12,151,509 N Amended Project and Financing Plan, TIRZ #1 DAVID PETTIT 20 fCG))00frirc �'��4r�'UC+rT2e;at Financial Feasibility Analysis TAXABLE BASE YEAR GROWTH 2.00% 100% 0.3324390 DISCOUNTRATE 6.00% 0.0000000 0.2278970 0% 2015-2017 0.1489700 0% 0.0000000 REAL PROPERTY TAX Cityof Grapevine 0.3324390 100% 0.3324390 0 Tarrant County 0.2640000 0% 0.0000000 0 Tarrant County Hospital 0.2278970 0% 0.0000000 0 TCC 0.1489700 0% 0.0000000 0 TRWD 0.0200000 0% 0.0000000 0 Grapevine/Colleyville ISD 1.3201000 0% 0.0000000 0 2023 2.3134060 2025 0.3324390 ESTIMATE OF GENERAL IMPACT OF PROPOSED ZONE PROPERTY VALUES AND TAX REVENUES REAL PROPERTY TAX 0.3324390 100% 0.3324390 0.2640000 0% 0.0000000 0.2278970 0% 0.0000000 0.1489700 0% 0.0000000 0.0200000 0% 0.0000000 1.3201000 0% 0.0000000 GJ I134uou U.J.1L4J`JU City of Grapevine Tarrant County Tarrant County Hospita TCC TRWL Grapevine/Colleyville ISE B,US.INESSPERSONAL PROPERTYT 0.3324390 0% 0.0000000 0.2640000 0% 0.0000000 0.2278970 0% 0.0000000 0.1489700 0% 0.0000000 0.0200000 0% 0.0000000 1.3201000 0% 0.0000000 L.1744000 U.uuuuuuU 0.02MM4 0.00% 0.000000a EXHIBITS TO ORD. oZ of 10 -pt D Page of Amended Project and Financing Plan, TIRZ #1 21 0 DAVID PETTIT BASE YEAR 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 REVENUE YEAR 1998 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 TOTALS BASE YEAR Cityof Grapevine 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 Tarrant County 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,547,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 Tarrant County Hospital 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 TCC 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325. 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 TRWD 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 Grapevine/Colleyville ISD 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 7,647,325 TAXABLE VALUE Cityof Grapevine 269,393,047 274,780,908 280,276,526 285,882,057 291,599,698 297,431,692 303,380,326 309,447,932 315,636,891 321,949,629 328,388,621 334,956,393 341,655,521 348,488,632 355,458,404 362,567,573 369,818,924 377,215,302 384,759,609 392,454,801 400,303,897 408,309,975 416,476,174 424,805,698 Tarrant County 269,393,047 274,780,908 280,276,526 285,882,057 291,599,698 297,431,692 303,380,326 309,447,932 315,636,891 321,949,629 328,388,621 334,956,393 341,655,521 348,488,632 355,458,404 362,567,573 369,818,924 377,215,302 384,759,609 392,454,801 400,303,897 408,309,975 416,476,174 424,805,698 Tarrant County Hospital 269,393,047 274,780,908 280,276,526 285,882,057 291,599,698 297,431,692 303,380,326 309,447,932 315,636,89.1 321,949,629 328,388,621 334,956,393 341,655,521 348,488,632 355,458,404 362,567,573 369,818,924 377,215,302 384,759,609 392,454,801 400,303,897 408,309,975 416,476,174 424,805,698 TCC 269,393,047 274,780,908 280,276,526 285,882,057 291,599,698 297,431,692 303,380,326 309,447,932 315,636,891 321,949,629 328,388,621 334,956,393 341,655,521 348,488,632 355,458,404 362,567,573 369,818,924 377,215,302 384,759,609 392,454,801 400,303,897 408,309,975 416,476,174 424,805,698 TRWD 269,393,047 274,780,908 280,276,526 285,882,057 291,599,698 297,431,692 303,380,326 309,447,932 315,636,891 321,949,629 328,388,621 334,956,393 341,655,521 348,488,632 355,458,404 362,567,573 369,818,924 377,215,302 384,759,609 392,454,801 400,303,897 408,309,975 416,476,174 424,805,698 Grapevine/Colleyville ISD 269,393,047 274,780,908 280,276,526 285,882,057 291,599,698 297,431,692 303,380,326 309,447,932 315,636,891 321,949,629 328,388,621 334,956,393 341,655,521 348,488,632 355,458,404 362,567,573 369,818,924 377,215,302 384,759,609 392,454,801 400,303,897 408,309,975 416,476,174 424,805,698 TAXABLE VALUE INCREMENT City of Grapevine 261,745,722 267,133,583 272,629,201 278,234,732 283,952,373 289,784,367 295,733,001 301,800,607 307,989,566 314,302,304 320,741,296 327,309,068 334,008,196 340,841,307 347,811,079. 354,920,248 362,171,599 369,567,977 377,112,284 384,807,476 392,656,572 400,662,650 408,828,849 417,158,373 Tarrant County 261,745,722 267,133,583 272,629,201 278,234,732 283,952,373 289,784,367 295,733,001 301,800,607 307,989,566 314,302,304 320,741,296 327,309,068 334,008,196 340,841,307 347,811,079 354,920,248 362,171,599 369,567,977 377,112,284 384,807,476 392,656,572 400,662,650 408,828,849 417,158,373 Tarrant County Hospital 261,745,722 267,133,583 272,629,201 278,234,732 283,952,373 289,784,367 295,733,001 301,800,607 307,989,566 314,302,304 320,741,296 327,309,068 334,008,196 340,841,307 347,811,079 354,920,248 362,171,599 369,567,977 377,112,284 384,807,476 392,656,572 400,662,650 408,828,849 417,158,373 TCC 261,745,722 267,133,583 272,629,201 278,234,732 283,952,373 289,784,367 295,733,001 301,800,607 307,989,566 314,302,304 320,741,296 327,309,068 334,008,196 340,841,307 347,811,079 354,920,248 362,171,599 369,567,977 377,112,284 384,807,476 392,656,572 400,662,650 408,828,849 417,158,373 TRWD 261,745,722 267,133,583 272,629,201 278,234,732 283,952,373 289,784,367 295,733,001 301,800,607 307,989.,566 314,302,304 320,741,296 327,309,068 334,008,196 340,841,307 347,811,079 354,920,248 362,171,599 369,567,977 377,112,284 384,807,476 392,656,572 400,662,650 408,828,849 417,158,373 Grapevine/Colleyville ISD 261,745,722 267,133,583 272,629,201 278,234,732 283,952,373 289,784,367 295,733,001 301,800,607 307,989,566 314,302,304 320,741,296 327,309,068 334,008,196 340,841,307 347,811,079 354,920,248 362,171,599 369,567,977 377,112,284 384,807,476 392,656,572 400,662,650 408,828,849 417,158,373 REVENUE TAXABLE VALUE GROWTH City of Grapevine 870,145 888,056 906,326 924,961 943,968 963,356 983,132 1,003,303 1,023,877 1,044,863 1,066,269 1,088,103 1,110,374 1,133,089 1,156,260 1,179,893 1,204,000 1,228,588 1,253,668 1,279,250 1,305,344 1,331,959 1,359,107 1,386,797 26,634,688 City of Grapevine Tarrant County 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Tarrant County Tarrant County Hospital 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Tarrant County Hospital TCC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TCC TRWD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TRWD Grapevine/Colleyville ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Grapevine/Colleyville ISD n06% ,031 870,145 888,056 906,326 924,961 943,968 963,356 983,132 1,003,303 1,023,877 1,044,863 1,066,269 1,088,103 1,110,374 1,133,089 1,156,260 1,179,893 1,204,000 1,228,588 1,253,668 1,279,250 1,305,344 1,331,959 1,359,107 1,386,797 267634,688 REVENUE #1 -RETAIL REAL PROPERTY TAX 0 0 0 0 0 48,150,000 72,225,000 113,175,000 137,362,500 153,675,000 178,425,000 186,862,500 195,300,000 199,206,000 203,190,120 207,253,922 211,399,001 215,626,981 219,939,520 224,338,311 228,825,077 233,401,579 238,069,610 242,831,002 BUSINESS PERSONAL PROPERTY 0 0 0 0 0 4,627,500 6,941,250 10,942,500 13,098,750 14,598,750 16,942,500 17,786,250 18,630,000 19,002,600 19,382,652 19,770,305 20,165,711 20,569,025 20,980,406 21,400,014 21,828,014 22,264,575 22,709,866 23,164,063 Cityof Grapevine 0 0 0 0 0 160,069 240,104 376,238 456,647 510,876 593,154 621,204 649,253 662,238 675,483 688,993. 702,773 716,828 731,165 745,788 760,704 775,918 791,436 807,265 11,666,136 City of Grapevine Tarrant County 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Tarrant County Tarrant County Hospital 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Tarrant County Hospital TCC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TCC TRWD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TRWD Grapevine/Colleyville ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Grapevine/Colleyville ISD n v 611 4,667.685 0 0 0 0 0 160,069 240,104 376,238 456,647 510,876 593,154 621,204 649,253 662,238 675,483 688,993 702,773 716,828 731,165 745,788 760,704 775,918 791,436 807,265 11,666,136 REVENUE #2 -SALES TAX Sales 0 0 0 0 0 92,550,000 138,825,000 218,850,000 261,975,000 291,975,000 338,850,000 355,725,000 372,600,000 380,052,000 387,653,040 395,406,101 403,314,223 411,380,507 419,608,117 428,000,280 436,560,285 445,291,491 454,197,321 463,281,267 n v 6% City of Grapevine 0= 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cit of Gra evine REVENUE #3 -OFFICE REAL PROPERTY TAX 0 28,700,000 43,050,000 102,275,000 124,712,500 147,150,000 206,375,000 235,987,500 265,600,000 333,500,000 367,450,000 401,400,000 409,428,000 417,616,560 425,968,891 434,488,269 443,178,034 452,041,595 461,082,427 470,304,076 479,710,157 489,304,360 499,090,447 509,072,256 BUSINESS PERSONAL PROPERTY 0 1,000,000 1,500,000 4,000,000 5,000,000 6,000,000 8,500,000 9,750,000 11,000,000 13,875,000 15,312,500 16,750,000 17,085,000 17,426,700 17,775,234 18,130,739 18,493,353 18,863,221 19,240,485 19,625,295 20,017,801 20,418,157 20,826,520 21,243,050 City of Grapevine 0 95,410 143,115 340,002 414,593 489,184 686,071 784,514 882,958 1,108,684 1,221,547 1,334,410 1,361,098 1,388,320 1,416,087 1,444,408 1,473,297 1,502,763 1,532,818 1,563,474 1,594,744 1,626,639 1,659,171 1,692,355 25,755,662 City of Grapevine Tarrant County 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TarrantCounty Tarrant County Hospital 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Tarrant County Hospital TCC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TCC TRWD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TRWD Grapevine/Colleyville ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Grapevine/Colleyville ISD n v 6% 0 95,410 143,115 340,002 414,593 489,184 686,071 784,514 882,958 1,108,684 1,221,547 1,334,410 1,361,098 1,388,320 1,416,087 1,444,408 1,473,297 1,502,763 1,532,818 1,563,474 1,594,744 1,626,639 1,659,171 1,692,355 25,755,662 Amended Project and Financing Plan, TIRZ #1 21 0 DAVID PETTIT Financial Feasibility Analysis TAXABLE BASE YEAR GROWTH 2.00 100% 0.3324390 DISCOUNTRATE 6.00% 0.0000000 0.2278970 0% 2015-2017 0.1489700 0% REAL PROPERTY TAX Cityof Grapevine 0.3324390 100% 0.3324390 0 Tarrant County 0.2640000 0% 0.0000000 0 Tarrant County Hospital 0.2278970 0% 0.0000000 0 TCC 0.1489700 0% 0.0000000 0 TRWD 0.0200000 0% 0.0000000 0 Grapevine/Colleyville ISD 1.3201000 0% 0.0000000 0 2.3134060 0.3324390 ESTIMATE OF GENERAL IMPACT OF PROPOSED ZONE PROPERTY VALUES AND TAX REVENUES REAL PROPERTY 0.3324390 100% 0.3324390 0.2640000 0% 0.0000000 0.2278970 0% 0.0000000 0.1489700 0% 0.0000000 0.0200000 0% 0.0000000 1.3201000 0% 0.0000000 L. JI J4uou U.11 -11U Cityof Grape"N Tarrant Count Tarrant County Hospita TC( TRW[ Grapevine/Colleyville IS[ BUSINESS PERSONAL PRCIPERTYTAN 0.3324390 0% 0.0000000 0.2640000 0% 0.0000000 0.2276970 0% 0.0000000 0.1489700 0% 0.0000000 0.0200000 0% 0.0000000 1,32010001 0% 0.0000000 L.J IJ4uou U.000UUUU Ti4"; TAX_ 0.0200000 0.00% 1 0.0000000 EXHIBIT__A TO DKD. v1b-ora Page of REVENUE YEAR BASE YEAR 1998 0 2015 0 2016 0 2017 1 2018 2 2019 3 2020 4 2021 5 2022 6 2023 7 2024 8 2025 9 2026 10 2027 11 2028 12 2029 13 2030 14 2031 1S 2032 1t, 2033 1t 2034 is 2035 is 2036 w 2037 Ii 2038 TOTALS BASE YEAR EVENUE #4 -COMMERCIAL REAL PROPERTY TAX BUSINESS PERSONAL PROPERTY 0 0 0 33,250,000 49,875,000 137,400,000 172,850,000 208,300,000 212,466,000 216,715,320 221,049,626 225,470,619 229,980,031 234,579,632 239,271,225 244,056,649 248,937,782 253,916,538 258,994,868 264,174,766 269,458,261 274,847,426 280,344,375 285,951,262 0 0 0 1,187,500 1,781,250 5,100,000 6,462,500 7,825,000 7,981,500 8,141,130 8,303,953 8,470,032 8,639,432 8,812,221 8,988,465 9,168,235 9,351,599 9,538,631 9,729,404 9,923,992 10,122,472 10,324,921 10,531,420 10,742,048 Cityof Grapevine Tarrant County Tarrant County Hospital TCC TRWD Grapevine/Colleyville ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 110,536 0 0 0 0 0 165,804 0 0 0 0 0 456,771 0 0 0 0 0 574,621 0 0 0 0 0 692,470 0 0 0 0 0 706,320 0 0 0 0 0 720,446 0 0 0 0 0 734,855 0 0 0 0 0 749,552 0 0 0 0 0 764,543 0 0 0 0 0 779,834 0 0 0 0 0 795,431 0 0 0 0 0 811,339 0 0 0 0 0 827,566 0 0 0 0 0 844,118 0 0 0 0 0 861,000 0 0 0 0 0 878,220 0 0 0 0 0 895,784 0 0 0 0 0 913,700 0 0 0 0 0 931,974 0 0 0 0 0 950,614 0 0 0 0 0 15,165,499 0 0 0 0 0 City of Gra pevi ne Tarrant County Tarrant County Hospital TCC TRWD Grapevine/Colleyville ISD n v 6, 6,44?,005 0 0 0 110,536 165,804 456,771 574,621 692,470 706,320 720,446 734,855 749,552 764,543 779,834 795,431 811,339 827,566 844,118 861,000 878,220 895,784 913,700 931,974 950,614 15,165,499 EVENUE #5 -HOTEL REAL PROPERTY TAX BUSINESS PERSONAL PROPERTY 0 0 0 33,712,500 50,568,750 87,737,500 125,987,500 170,503,125 194,706,250 204,862,500 208,959,750 213,138,945 217,401,724 221,749,758 226,184,754 230,708,449 235,322,618 240,029,070 244,829,651 249,726,244 254,720,769 259,815,185 265,011,488 270,311,718 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cityof Grapevine Tarrant County Tarrant County Hospital TCC TRWD Grapevine/Colleyvi Ile ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 112,073 0 0 0 0 0 168,110 0 0 0 0 0 291,674 0 0 0 0 0 418,832 0 0 0 0 0 566,819 0 0 0 0 0 647,280 0 0 0 0 0 681,043 0 0 0 0 0 694,664 0 0 0 0 0 708,557 0 0 0 0 0 722,728 0 0 0 0 0 737,183 0 0 0 0 0 751,926 0 0 0 0 0 766,965 0 0 0 0 0 782,304 0 0 0 0 0 797,950 0 0 0 0 0 813,909 0 0 0 0 0 830,187 0 0 0 0 0 846,791 0 0 0 0 0 863,727 0 0 0 0 0 881,002 0 0 0 0 0 898,622 0 0 0 0 0 13,982,345 0 0 0 0 0 Cityof Grapevine Tarrant County Tarrant County Hospital TCC TRWD Grapevine/Colleyville ISD n v 6% 5,855;542 0 0 0 112,073 168,110 291,674 418,832 566,819 647,280 681,043 694,664 708,557 722,728 737,183 751,926 766,965 782,304 797,950 813,909 830,187 846,791 863,727 881,002 898,622 13,982,345 EVENUE #6 - INDUSTRIAL REALPROPERTYTAX BUSINESS PERSONAL PROPERTY 0 0 0 0 0 0 0 0 6,250,000 3,125,000 9,375,000 4,687,500 18,750,000 9,375,000 21,875,000 10,937,500 25,000,000 12,500,000 25,500,000 12,750,000 26,010,000 13,005,000 26,530,200 13,265,100 27,060,804 13,530,402 27,602,020 13,801,010 28,154,060 14,077,030 28,717,142 14,358,571 29,291,485 14,645,742 29,877,314 14,938,657 30,474,860 15,237,430 31,084,358 15,542,179 31,706,045 15,853,022 32,340,166 16,170,083 32,986,969 16,493,485 33,646,708 16,823,354 City of Grapevine Tarrant County Tarrant County Hospital TCC TRWD Grapevine/Colleyville ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20,777 0 0 0 0 0 31,166 0 0 0 0 0 62,332 0 0 0 0 0 72,721 0 0 0 0 0 83,110 0 0 0 0 0 84,772 0 0 0 0 0 86,467 0 0 0 0 0 88,197 0 0 0 0 0 89,961 0 0 0 0 0 91,760 0 0 0 0 0 93,595 0 0 0 0 0 95,467 0 0 0 0 0 97,376 0 0 0 0 0 99,324 0 0 0 0 0 101,310 0 0 0 0 0 103,337 0 0 0 0 0 105,403 0 0 0 0 0 107,511 0 0 0 0 0 109,662 0 0 0 0 0 111,855 0 0 0 0 0 1,736,103 0 0 0 0 0 City of Gra pevi ne Tarrant County Tarrant County Hospital TCC TRWD Grapevine/Colleyvi Ile ISD n v 6% 72.3,724 0 0 0 0 20,777 31,166 62,332 72,721 83,110 84,772 86,467 88,197 89,961 91,760 93,595 95,467 97,376 99,324 101,310 103,337 105,403 107,511 109,662 111,855 17736,163 EVENUE A, 1, 2, 3, 4, 5,6 870,145 983,466 1,049,441 1,487,572 1,713,253 2,392,221 2,965,092 3,496,066 3,800,191 4,150,684 4,396,957 4,590,023 4,697,957 4,792,425 4,888,782 4,987,066 5,087,316 51189,571 5,293,870 5,400,256 5,508,770 5,619,454 5,732,351 5,847,507 94,940,434 kunning Total 870,145 1,853,611 2,903,052 4,390,624 6,103,877 8,496,098 11,461,189 14,957,255 18,757,446 22,908,130 27,305,087 31,895,110 36,593,067 41,385,492 46,274,274 51,261,340 56,348,656 61,538,226 66,832,097 72,232,353 77,741,123 83,360,576 89,092,927 94,940,434 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 ET PRESENT VALUE 6% 41,643,126 ROSS 94,940,434 City of Gra pevi ne $ 41,643,126 Tarrant County $ Tarrant County Hospital $ - TCC $ - TRWD $ Gra ovine/Collo ille ISD $ - c w, coo .oc 870,145 0 0 0 0 0 avn Inc 983,466 0 0 0 0 0 o01 naa 1,049,441 0 0 0 0 0 1 neo dd1 1,487,572 0 0 0 0 0 1 A97 579 1,713,253 0 0 0 0 0 1 71121,1 2,392,221 0 0 0 0 0 9 399 271 2,965,092 0 0 0 0 0 2965.092 3,496,066 0 0 0 0 0 3496.066 3,800,191 0 0 0 0 0 3.800.191 4,150,684 0 0 0 0 0 4.150.684 4,396,957 0 0 0 0 0 4.396.957 4,590,023 0 0 0 0 0 4.590.023 4,697,957 0 0 0 0 0 4,697,957 4,792,425 0 0 0 0 0 4,792,425 4,888,782 0 0 0 0 0 4,888,782 4,987,066 0 0 0 0 0 4,987,066 5,087,316 0 0 0 0 0 5,087,316 5,189,571 0 0 0 0 0 5,189,571 5,293,870 0 0 0 0 0 5,293,870 5,400,256 0 0 0 0 0 5,400,256 5,508,770 0 0 0 0 0 5,508,770 5,619,454 0 0 0 0 0 5,619,454 5,732,351 0 0 0 0 0 5,732,351 5,847,507 0 0 0 0 0 5,847,507 4,940,434 0 0 0 0 1 0 P4,940,434 City of Grapevine Tarrant County Tarrant County Hospital TCC TRWD Grapevine/Colleyville ISD Amended Project and Financing Plan, TIRZ #1 22 0 DAVID PETTIT N Financial Feasibility Analysis 20 YEAR - RETAIL: INPUT & OUTPUT ► INPUT INFLATION RATE 1 2.00 DISCOUNT RATE 16.00% REAL PROPERTY TAX Year PARTICIPATION City of Grapevine 0.33243900 100% 0.3324390 Tarrant County 0.26400000 0% 0.0000000 Tarrant County Hospital 0.22789700 0% 0.0000000 TCC 0.14897000 0% 0.0000000 TRWD 0.02000000 0% 0.0000000 Grapevine/Col leyville ISD 1.32010000 0% 0.0000000 1 2.31340600 1 1 0.33243901 PERSONAL PROPERTY TAX Year PARTICIPATION City of Grapevine 0.33243900 0% 0.0000000 Tarrant County 0.26400000 0% 0.0000000 Tarrant County Hospital 0.22789700 0% 0.0000000 TCC 0.14897000 0% 0.0000000 TRWD 0.02000000 0% 0.0000000 Gra evine/Colle ville ISD 1.32010000 0% 0.0000000 I Z.J134Uti001 I 0.00000001 Sales Tax Rate 1 0.02000001 0.00% 0.0000000 Retail Year AREA SF REAL PROPERTY $1 SF TAX VALUE PERSONAL PROPERTY $/SF TAX VALUE SALES $/ SF TAX VALUE Existing Mall N/A $ $ $ $ $ $ + Destination Entertainment Phase One 2020 125,000 $ 180.00 $ 22,500,000 $ 15.00 $ 1,875,000 $ 300.00 $ 37,500,000 Destination Entertainment Phase Two 2023 175,000 $ 180.00 $ 31,500,000 $ 15.00 $ 2,625,000 $ 300.00 $ 52,500,000 Retail Commercial 2020 192,000 $ 150.00 $ 28,800,000 $ 15.00 $ 2,880,000 $ 300.00 $ 57,600,000 Destination Entertainment 2020 300,000 $ 150.00 $ 45 000 000 $ 15.00 $ 4 500 000 $ 300.00 $ 90 000 000 Destination Entertainment Phase One 2022 225,000 $ 150.00 $ 33 750 000 $ 15.00 $ 3 375,000 $ 300.00 $ 67 00,000 Destination Entertainment Phase Two 2025 225,000 $ 150.00 $ 33,750,000 $ 15.00 $ 3,375,000 $ 300.00 $ 67,500,000 OUTPUT00, TOTAL 1,242,000 195,300,000 18,630,000 372,600,000 TOTAL TAX R EVENUE TOTAL TOTAL REAL PROPERTY PERSONAL PROPERTY SALES SALES City of Grape vine 82.8% $ 146,701,050 = $ 11,666,136 + $ 1,113,022 + $ 133,921,893 Tarrant County 5.7% $ 10,148,321 = $ 9,264,436 + $ 883,884 + $ _ Tarrant County Hospital 4.9% $ 8,760,499 = $ 7,997,489 + $ 763,010 + $ TCC 3.2% $ 5,726,497 = $ 5,227,739 + $ 498,759 + - TRWD 0.4% $ 768,812 - $ 701,851 + $ 66,961 + Grapevine/Col le ville ISD 2.9% $ 5,121,608 $ 701,851 + $ 4,419,757 + 1vv. o-ro ��iwiiaer:■ 1 $ 35,559,5u31 1 $ 7,745,3931 1 $ 133,921,8931 100.0% 20.1% 4.4% 75.6.91 TOTAL PARTICIPATION TOTAL REAL PROPERTY PERSONAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 100.0% $ 11,666,136 = $ 11,666,136 + $ + $ Tarrant County 0.0•/. $ - $ + $ + $ Tarrant County Hospital 0.0% $ $ + $ + $ TCC 0.0% $ _ $ + $ + $ TRWD 0.0% $ $ + $ + $ Grapevine/Colle ville ISD 0.0% $ $ + $ + $ I 1 a _11.000, iso I 1 2 1 1$ 100.0% 100.0% 0.0% 0.0% NET BENEFIT TOTAL REAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 81.6% $ 135,034,914 = $ + $ 1,113,022 + $ 133,921,893 Tarrant County 6.1% $ 10,148,321 $ 9,264,436 + $ 883,884 + $ Tarrant County Hospital 5.3% $ 8,760,499 $ 7,997,489 + $ 763,010 + TCC 3.591 $ 5,726,497 $ 5,227,739 + $ 498,759 + TRWD 0.5% $ 7689812 = $ 701,851 + $ 66,961 + Grapevine/Colle ville ISD 3.1% $ 5,121,608 $ 701,851 + $ 4,419,757 + wv. u-ro 1 b z3,u93,30/ I 1 $ 7,745,3931 1$ 133,921,8931 100.0% 14.4% 4.7% 80.9% Amended Project and Financing Plan, TIRZ #1 23 EXHIBIT T0,040. a6/1, to Page --, of q,1_ i DAVID PETTIT Econormc Devooperne,91 EXHIBIT TO 040. ao��_oro Financial Feasibility Analysis Page _a�_ of q � TAX REVENUE PROJECTIONS & COST -BENEFIT ANALYSIS Calendar Year 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 95 16 17 18 19 20 21 TOTAL TAY RFVF:M F: SUMMARY 3,039,679 4,789,615 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 327,670 397,218 444,243 % OCCUPIED 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 178,425,000 100% 186,862,500 100% 195,300,000 100% 199,206,000 100% 203,190,120 100% 207,253,922 100% 211,399,001 100% 215,626,981 100% 219,939,520 100% 224,338,311 100% 228,825,077 100% 233,401,579 100% 238,069,610 100% 242,831,002 445,237 REAL PROPERTY 487,540 Taxable Value - - - - - 48,150,000 72,225,000 113,175,000 137,362,500 153,675,000 560,030 571,231 582,655 594,309 606,195 8,760,499 78,623 117,934 184,898 224,142 250,677 291,039 304,865 318,692 325,065 331,567 338,198 344,962 351,861 358,898 366,076 373,398 380,866 388,483 396,253 5,726,497 10,556 15,833 24,824 30,092 33,655 39,074 40,930 42,786 43,642 44,515 45,405 GROSS 47,239 48,184 PV - 160,069 240,104 376,238 456,647 510,876 593,154 621,204 649,253 662,238 675,483 688,993 702,773 716,828 731,165 745,788 760,704 775,918 791,436 807,265 1 66, Cityof Grapevine 3,375,049 4,667,685 - - - - - 127,116 190,674 298,782 362,637 405,702 471,042 493,317 515,592 525,904 536,422 547,150 558,093 569,255 580,640 592,253 604,098 616,180 628,504 641,074 9,264,436 Tannart County 3,706,752 - - - - - 109,732 164,599 257,922 313,045 350,221 406,625 425,854 445,083 453,984 463,064 472,325 481,772 491,407 501,236 511,260 521,485 531,915 542,553 553,405 7,997,489 Tarrant County Hospital 3,199,839 - - - - - 71,729 107,594 168,597 204,629 228,930 265,800 278,369 290,938 296,757 302,692 308,746 314,921 321,220 327,644 334,197 340,881 347,698 354,652 361,745 5,227,739 TCC 2,091,647 - - - - 9,630 14,445 22.,635 27,473 30,735 35,685 37,373 39,060 39,841 40,638 41,451 42,280 43,125 43,988 44,868 45,765 46,680 47,614 48,566 701,851 TRWO 280,816 _ _ _ - 635,628 953,442 1,494,023 1,813,322 2,028,664 2,355,388 2,466,772 2,578,155 2,629,718 2,682,313 2,735,959 2,790,678 2,846,492 2.903,422 2,961,490 3,020,720 3,081,134 3,142,757 3,205,612 46,325,690 GraPe-Ane/Colley%fle ISD 10,536,163 ', - - - - - - 1,113,905 1,670,857 2,618,197 3,177,752 3,555,127 4,127,695 4,32$888 4,518,082 4,608,444 4,700,612 4,794,625 4,890,517 4,988,328 5,088,094 5,189,856 5,293,653 5,399,526 5,507,517 5,617,667 Total - % OCCUPIED 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 4,627,500 6,941,250 10,942,500 13,096,750 14,598,750 16,942,500 17,786,250 18,630,000 19,002,600 19,382,652 19,770,305 20,165,711 20,569,025 20,980,406 21,400,014 21,828,014 22,264,575 22,709,866 23,164,063 PERSONAL PROPERTY Taxable Value - - - - - GROSS PV 15,384 23,075 36,377 43,545 48,532 56,323 59,128 61,933 63,172 64,435 65,724 67,039 68,379 69,747 71,142 72,565 74,016 75,496 77,006 1, , Cityof Grapevine 445,437 - - - - - 12,217 18,325 28,888 34,581 38,541 44,728 46,956 49,183 50,167 51,170 52,194 53,237 54,302 55,388 56,496 57,626 58,778 59,954 61,153 883,884 Tarrant County 353,735 - - - - - 10,546 15,819 24,938 29,852 33,270 38,611 40,534 42,457 43,306 44,172 45,056 45,957 46,876 47,814 48,770 49,745 50,740 51,755 52,790 763,010 Tarrant County Hospital 305.361 - - - - - 6,894 10,340 16,301 19,513 21,748 25,239 26,496 27,753 28,308 28,874 29,452 30,041 30,642 31,255 31,880 32,517 33,168 33,831 34,508 498,759 TCC 199,606 - - - - - 926 1,388 2,189 2,620 2;920 3,389 3,557 3,726 3,801 3,877 3,954 4,033 4,114 4,196 4,280 4,366 4,453 4,542 4,633 66,961 7RWD 'Ile 26,798 - _ - - 61,088 91,631 144,452 172,917 192,718 223,658 234,796 245,935 250,853 255,870 260,988 266,208 271,532 276,962 282,502 288,152 293,915 299,793 305,789 4,419,757 Gra evine/Cole ISD 1,768,810 - - - - 107,053 160,579 253,144 303,027 337,728 391,949 411,468 430,988 439,607 448,399 457,367 466,515 475,845 485,362 495,069 504,971 515,070 525,371 535,879 Total 111111111111111=10- - % OCCUPIED 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 338,850,000 100% 355,725,000 100% 372,600,000 100% 380,052,000 100% 387,653,040 100% 395,406,101 100% 403,314,223 100% 411,380,507 100% 419,608,117 100% 428,000,280 100% 436,560,285 100% 445,291,491 100% 454,197,321 1001/6 463,261,267 SALES TAX Taxable Value - - - - - 92,550,000 138,825,000 218,850,000 261,975,000 291,975,000 GROSS Total PV 1,851,000 2,776,500 4,377,000 5,239,500 5,839,500 6,777,000 7,114,500 7,452,000 7,601,040 7,753,061 7,908,122 8,066,284 8,227,610 8,392,162 8,560,006 8, 731,206 8,905,830 9,063,946 9,265,625 SUMMARY 3,039,679 4,789,615 PV Cityof Grapevine 58,709,365 Tarrant Coaly 4,060,487 Tartan County Hospital 3,505,200 TCC 2,291,253 TRWD 307,613 Gra evinelCole 'le ISD 20,303,973 Total 0009miffill 2,026,453 3,039,679 4,789,615 5,739,692 6,398,908 7,426,478 7,794,832 8,163,187 8,326,450 8,492,979 8,662,839 8,836,096 9,012,818 9,193,074 9,376,936 9,564,474 9,755,764 9,950,879 10,149,897 146,701,050 139,333 208,999 327,670 397,218 444,243 515,770 540,273 564,775 576,071 587,592 599,344 611,331 623,557 636,029 648,749 661,724 674,959 688,458 702,227 10,148,321 120,278 180,418 282,860 342,897 383,491 445,237 466,388 487,540 497,291 507,237 517,381 527,729 538,284 549,049 560,030 571,231 582,655 594,309 606,195 8,760,499 78,623 117,934 184,898 224,142 250,677 291,039 304,865 318,692 325,065 331,567 338,198 344,962 351,861 358,898 366,076 373,398 380,866 388,483 396,253 5,726,497 10,556 15,833 24,824 30,092 33,655 39,074 40,930 42,786 43,642 44,515 45,405 46,313 47,239 48,184 49,148 50,131 51,133 52,156 53,199 768,872 696,716 1,045,074 1,638,475 1,986,239 2,221;382 2,579,046 2,701,568 2,824,090 2,880,572 2,938,183 2,996,947 3,056,886 3,118,023 3,180,364 3,243,992 3,308,871 3,375,049 3,442,550 3,511,407 50,745,447 3,071,958 4,607,937 7,248,342 8,720,280 9,732,355 11,296,643 11,848,856 12,401,069 12,649,091 12,902,073 13,160,114 13,423,316 13,691,783 13,965,618 14,244,931 14,529,829 14,820,426 15,116,834 15,419,171 Amended Project and Financing Plan, TIRZ #1 DAVID PETTIT 24 Economic Levo.oprrieni Financial Feasibility Analysis EXHIBIT_ATO 6gr 0-Z-6!4v-0Ip TAX REVENUE PROJECTIONS & COST -BENEFIT ANALYSIS Page_d,'1 of �{�L Calendar Year 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 REAL PROPERTY Taxable Value - - - - - 48,150,000 72,225,000 113,175,000 137,362,500 153,675,000 176,425,000 186,862,500 195,300,000 199,206,000 203,190,120 207,253,922 211,399,001 215,626,981 219,939,520 224,338,311 228,825,077 233,401,579 238,069,610 242,831,002 PV GROSS City of Grapevine - - - - - 160,069 240,104 376,238 456,647 510,876 593,154 621,204 649,253 662,238 675,483 688,993 702,773 716,828 731,165 745,788 760,704 775,918 791,436 807,265---- MW,136 Tanant County - • - - _ _ _ - _ - - - - - - - - - - - - - - - - - - TarrantCountyHospital TCC TRWD Grapevine/Colleyville ISD - - - _ _ - - - _ - - _ - - - - - - - - - - _ - Total - - - - - 160,069 240,104 376,238 456,647 510,876 593,154 621,204 649,253 662,238 675,483 688,993 702,773 716,828 731,165 745,788 760,704 775,918 791,436 807,265 PERSONAL PROPERTY Taxable Value - - - - - 4,627,500 6,941,250 10,942,500 13,098,750 14,598,750 16,942,500 17,786,250 18,630,000 19,002,600 19,382,652 19,770,305 20,165,711 20,569,025 20,980,406 21,400,014 21,828,014 22,264,575 22,709,866 23,164,063 PV GROSS Cityof Grapevine - - - - _ _ _ -- _ _ _ _ _ _ _ _ - _ - - - - Tanant County Tarrant County Hospital - TCC TRWD Grapevine/Colleyville ISD - - - - - - _ _ _ - _ _ _ _ _ _ _ _ _ _ _ _ Total_ _ _ _ _ _ _ _ _ _ _ _ _ - - - SALES TAX Taxable Value - - - - - 92,550,000 138,825,000 218,850,000 261,975,000 291,975,000 338,850,000 355,725,000 372,600,000 380,052,000 387,653,040 395,406,101 403,314,223 411,380,507 419,608,117 428,000,280 436,560,285 445,291,491 454,197,321 463,281,267 PV GROSS Total SUMMARY PV GROSS Cityof Grapevine - - - - - 160,069 240,104 376,238 456,647 510,876 593,154 621,204 649,253 662,238 675,483 688,993 702,773 716,828 731,165 745,788 760,704 775,918 791,436 807,26511,666,136 Tartan County _ _ _ _ _ _ _ _ _ - _ _ _ _ _ _ _ _ _ _ _ Tarrant County Hospital TCC TRWD Grapevine/ColieyWle ISD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ° _ - , TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS City of Grapevine - - - - - 1,866,384 2,799,575 4,413,377 5,283,045 5,688,032 6,833,323 7,173,628 7,513,933 7,664,212 7,817,496 7,973,846 8,133,323 8,295,990 8,461,909 8,631,148 8,803,771 8,979,846 9,159,443 9,342,632 Tarrant County 4,050,437 - - - - - 139,333 208,999 327,670 397,218 444,243 515,770 540,273 564,775 576,071 587,592 599,344 611,331 623,557 636,029 648,749 661,724 674,959 688,458 702,227 10,148,321 Tarrant County Hospital 3,605,200 - - - - - 120,278 180,418 282,860 342,897 383,491 445,237 466,388 487,540 497,291 507,237 517,381 527,729 538,284 549,049 560,030 571,231 582,655 594,309 606,195 8,760,499 TCC 2,201,263 - - - - - 78,623 117,934 184,898 224,142 250,677 291,039 304,865 318,692 325,065 331,567 338,198 344,962 351,861 358,898 366,076 373,398 380,866 388,483 396,253 5,726,497 TRWD -307,013. - - - - - 10,556 15,833 24,824 30,092 33,655 39,074 40,930 42,786 43,642 44,515 45,405 46,313 47,239 48,184 49,148 50,131 51,133 52,156 53,199 768,812 Grapevine/Colleyville ISD 20,303,973 - - - - - 696,716 1,045,074 1,638,475 1,986,239 2,221,382 2,579,046 2,701,568 2,824,090 2,880,572 2,938,183 2,996,947 3,056,886 3,118,023 3,180,384 3,243,992 3,308,871 3,375,049 3,442,550 3,511,401 50,745,447 Amended Project and Financing Plan, TIRZ #1 25 i DAVID PETTIT fcowrrrc oe c.'Opraeof Financial Feasibility Analysis 20 YEAR - OFFICE: INPUT & OUTPUT ► INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Year PARTICIPATION City of Grapevine 0.33243900 100% 0.3324390 Tarrant County 0.26400000 0% 0.0000000 Tarrant County Hospital 0.22789700 0% 0.0000000 TCC 0.14897000 0% 0.0000000 TRWD 0.02000000 0% 0.0000000 Grapevine/ColleyAlle ISD 1.32010000 0% 0.0000000 I Z.3134UM I I v.-avvl PERSONAL PROPERTY TAX Year PARTICIPATION City of Grapevine 0.33243900 0% 0.0000000 Tarrant County 0.26400000 0% 0.0000000 Tarrant County Hospital 0.22789700 0% 0.0000000 TCC 0.14897000 0% 0.0000000 TRWD 0.02000000 0% 0.0000000 Grapevine/ColleyviIle ISD 1.32010000 0% 0.0000000 I Z.siawuouul I °Ul Sales Tax Rate 1 0.02000001 0.00% 0.0000000 Orrice Year AREA SF REAL PROPERTY $ / SF TAX VALUE PERSONAL PROPERTY $ / SF SATE TAX VALUE $ / SF TAX VALUE Office - Kubota 2017 200,000 $ 287.00 $ 57,400,000 $ 10.00 $ 2,000,000 $ $ Office Phase One 2019 250,000 $ 287.00 $ 71,750,000 $ 10.00 $ 2,500,000 Office Phase Two 2022 350,000 $ 287.00 $ 100,450,000 $ 10.00 $ 3,500,000 Office Phase Three 2025 400,000 $ 287.00 $ 114,800,000 $ 10.00 $ 4,000,000 OfficePhase One 2019 150,000 $ 120.00 $ 18,000,000 $ 10.00 $ 1,500,000 Office Phase Two 2022 150,000 $ 120.00 $ 183000,000 $ 10.00 $ 1,500,000 Office Phase Three[_20251 + 175,000 $ 120.00 $ 21,000,000 $ 10.00 $ 1,750,000 ► TOTAL 1,675,000 401,400,000 16,750,000 OUTPUT TOTAL TAX REVENUE TOTAL TOTAL REAL PROPERTY PERSONAL PROPERTY SALES SALES City of Grapevine 14.4% $ 25,062,586 = $ 24,063,307 + $ 999,278 + $ Tarrant County 11.4% $ 19,902,967 = $ 19,109,410 + $ 793,558 + $ Tarrant County Hospital 9.9% $ 17,181,161 = $ 16,496,126 + $ 685,036 + $ TCC 6.4% $ 11,230,853 - $ 10,783,064 + $ 447,789 + $ TRWD 0.9% $ 1,507,801 - $ 1,447,683 + $ 60,118 + $ Gra pevine/Colleyvi Ile ISD 57.1% $ 99,522,376 = $ 95,554,288 + $ 3,968,089 + $ WV.v"/o (I a I i v 100.0% 96.0% 4.0% 0.0% TOTAL PARTICIPATION TOTAL REAL PROPERTY PERSONAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 100.0'/ $ 24,063,307 = $ 24,063,307 + $ + $ Tarrant County 0.0% $ _ $ + $ + $ Tarrant County Hospital 0.0% $ - _ $ - + $ + $ TCC 0.0% $ - $ + $ + $ TRWD 0.0% $ - $ + $ + $ Grapevine/Colleyvi Ile ISD 0.0% $ _ $ + $ + $ 7UU. U"/o 1 a v, 1 1 a I I+ 100.0% 100.0% 0.0% 0.0% NET BENEFIT TOTAL REAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 0.7% $ 999,278 = $ + $ 999,278 + $ Tarrant County 13.2% $ 19,902,967 = $ 19,109,410 + $ 793,558 + $ Tarrant County Hospital 11.4% $ 17,181,161 = $ 16,496,126 + $ 685,036 + $ TCC 7.5% $ 11,230,853 - $ 10,783,064 + $ 447,789 + $ TRWD 1.0% $ 1,507,801 - $ 1,447,683 + $ 60,118 + $ Grapevine/Colleyville ISD 66.2% $ 99,522,376 = $ 95,554,288 + $ 31968,089 + $ 100.0% 95.4% 4.6% 0.0% Amended Project and Financing Plan, TIRZ #1 26 EXHIBITS TO on. aac�_oi o Page i DAVID PETTIT .CCL1rli}rfHC ZiC'4'C7rJ�Iil�tli a Financial Feasibility Analysis EXHIBIT A TO p . ao ro-ol v TAX REVENUE PROJECTIONS & COST -BENEFIT ANALYSIS Page-- p'��q-Of_ Calendar Year 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 TOTAL TAX REVENUE i Amended Project and Financing Plan, TIRZ #1 27 i DAVID PETTIT &000rrik D(,Net0PMt0t 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 % OCCUPIED 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% REAL PROPERTY Taxable Value - - 28,700,000 43,050,000 102,275,000 124,712,500 147,150,000 206,375,000 235,987,500 265,600,000 333,500,000 367,450,000 401,400,000 409,428,000 417,616,560 425,968,891 434,488,269 443,178,034 452,041,595 461,082,427 470,304,076 479,710,157 489,304,360 499,090,447 PV City of Grapevine - 9,773.740 - - 95,410 143,115 340,002 414,593 489,184 686,071 784,514 882,958 1,108,684 1,221,547 1,334,410 1,361,098 1,388,320 1,416,087 1,444,408 1,473,297 1,502,763 1,532,818 1,563,474 1,594,744 1,626,639 1,659,171 GROSS 24,063,307 Tarta rd County 7.761,626 - - 75,768 113,652 270,006 329,241 388,476 544,830 623,007 701,184 880,440 970,068 1,059,696 1,080,890 1,102,508 1,124,558 1,147,049 1,169,990 1,193,390 1,217,258 1,241,603 1,266,435 1,291,764 1,317,599 19,109,410 Tarrant County Hospital 6,700,195 - - 65,406 98,110 233,082 284,216 335,350 470,322 537,808 605,294 760,036 837,408 914,779 933,074 951,736 970,770 990,186 1,009,989 1,030,189 1,050,793 1,071,809 1,093,245 1,115,110 1,137,412 16,496,126 TCC 4,379,733 - - 42,754 64,132 152,359 185,784 219,209 307,437 351,551 395,664 496,815 547,390 597,966 609,925 622,123 634.,566 647,257 660,202 673,406 686,874 700,612 714,624 728,917 743,495 10,783,064 TRWD 588,002 - - 5,740 8,610 20,455 24,943 29,430 41,275 47,198 53,120 66,700 73,490 80,280 81,886 83,523 85,194 86,898 88,636 90,408 92,216 94,061 95,942 97,861 99,818 1,447,683 Grapevine/Colleyville ISD 38811072 378,869 568,303 1,350,132 1,646,330 1,942,527 2,724,356 3,115,271 3,506,186 4,402,534 4,850,707 5,298,881 5,404,859 5,512,956 5,623,215 5,735,680 5,850,393 5,967,401 6,086,749 6,208,484 6,332,654 6,459,307 6,588,493 95554288 Total •: r - - - 663,948 995,921 2,366,036 2,885,106 3,404,177 4,774,292 5,459,349 6,144,406 7,715,209 8,500,610 9,286,012 9,471,732 9,661,167 9,854,390 10,051,478 10,252,507 10,457,557 10,666,709 10,880,043 11,097,644 11,319,596 11,545,988 % OCCUPIED 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%. 100% 100% 100% 100% 100% 100% 100% 100% PERSONAL PROPERTY Taxable Value - - 1,000,000 1,500,000 4,000,000 5,000,000 6,000,000 8,500,000 9,750,000 11,000,000 13,875,000 15,312500 16,750,000 17,085,000 17,426,700 17,775,234 18,130,739 18,493,353 18,863,221 19,240,485 19,625,295 20,017,801 20,418,157 20,826,520 PV City of Grapevine 404,375 1 3,324 4,987 13,298 16,622 19,946 28,257 32,413 36,568 46,126 50,905 55,684 56,797 57,933 59,092 60,274 61,479 62,709 63,963 65,242 86,547 67,878 69,235 GROSS 999,278 Tarrant County 321,126 - - 2,640 3,960 10,560 13,200 15,840 22,440 25,740 29,040 36,630 40,425 44,220 45,104 46,006 46,927 47,865 48,822 49,799 50,795 51,811 52,847 53,904 54,982 793,558 Tartan[Courrcy Hospital 277,211 - - 2,279 3,418 9,116 11,395 13,674 19,371 22,220 25,069 31,621 34,897 38,173 38,936 39,715 40,509 41,319 42,146 42,989 43,848 44,725 45,620 46,532 47,463 685,036 TCC 181,205 - - 1,490 2,235 5,959 7,449 8,938 12,662 14,525 16,387 20,670 22,811 24,952 25,452 25,961 26,480 27,009 27,550 28,101 28,663 29,236 29,821 30,417 31,025 447,789 TRWD 24,328 - - 200 300 800 1,000 1,200 1,700 1,950 2,200 2,775 3,063 3,350 3,417 3,485 3,555 3,626 3,699 3,773 3,848 3,925 4,004 4,084 4,165 60,118 Gra evine/Colle ille ISD 1- Rik 13 201 19,802 52,804 66 005 79,206 112,209 128,710 145,211 183,164 202,140 221,117 225,539 230,050 234,651 239,344 244,131 249,013 253,994 259,074 264,255 269,540 274.931 3.968.089 - - 23,134 34,701 92536 115,670 138,804 196,640 225,557 254,475 320,985 354,240 387,496 395,245 403,150 411,213 419,438 427,826 436,383 445,111 454,013 463,093 472,355 481,802 % OCCUPIED 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% SALES TAX Taxable Value - - - - _ _ _ PV Total - _ - _ GROSS_ SUMMARY PV City of Grapevine 10,178.115 - - 98,734 148,102 353,300 431,215 509,130 714,328 816,927 919,526 1,154,810 1,272,452 1,390,094 1,417,896 1,446,253 1,475,179 1,504,682 1,534,776 1,565,471 1,596,781 1,628,716 1,661,291 1,694,516 1,728,407 GROSS 25,062,586 Tarrant County 8.082.753 - - 78,408 117,612 280,566 342,441 404,316 567,270 648,747 730,224 917,070 1,010,493 1,103,916 1,125,994 1,148,514 1,171,484 1,194,914 1,218,812 1,243,189 1,268,052 1,293,414 1,319,282 1,345,667 1,372,581 19,902,967 Tartars County Hospital 6,977,406 - - 67,685 101,528 242,198 295,611 349,024 489,694 560,028 630,363 791,657 872,304 952,951 972,010 991,451 1,011,280 1,031,505 1,052,135 1,073,178 1,094,642 1,116,534 1,138,865 1,161,642 1,184,875 17,181,161 TCC 4,560,938 - - 44,244 66,366 158,318 193,233 228,148 320,099 366,075 412,051 517,485 570,201 622,918 635,376 648,084 661,046 674,267 687,752 701,507 715,537 729,848 744,445 759,334 774,520 11,230,853 TRWD 612,330 - - 5,940 8,910 21,255 25,943 30,630 42,975 49,148 55,320 69,475 76,553 83,630 85,303 87,009 88,749 90,524 92,334 94,181 96,065 97,986 99,946 101,945 103,983 1,507,801 Graney ne/Colleymille ISD 441 - - 3,651,397 6,216,414 Total 10- - 687,082 1,030,622 2,458,572 3,000,777 3,542,981 4,970,931 5,684,906 6,398,881 8,036,194 8,854,851 9,673,507 9,866,977 10,064,317 10,265,603 10,470,915 10,680,334 10,893,940 11,111,819 11,334,055 11,560,737 11,791,951 12,027,790 Amended Project and Financing Plan, TIRZ #1 27 i DAVID PETTIT &000rrik D(,Net0PMt0t Financial Feasibility Analysis EXHIBIT A TO 0,20, a2.o!(0-611) Calendar Yam TOTAL TAX REVENUE PARTICIPATION REAL PROPERTY Taxable Value City of Grapevine TarrantCounty Tarrant County Hospital TCC TRWD Total PERSONAL PROPERTY Taxable Value City of Grapevine Tarrant County Tarrant County Hospital TCC TRWD Total SALES TAX Taxable Value Total SUMMARY City of Grapevine 9.770.0 Tarrant County Tarrant County Hospital TCC TRWD Total SUMMARY 43,050,000 City of Grapevine 404.375 Tarrant County 8,082,753 Tarrant County Hospital 6.977.406 TCC 4,560 938 TRWD 612,330 Tn1ar w' TAX REVENUE PROJECTIONS & COST -BENEFIT ANALYSIS Page ®3o of 4j 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 - - 28,700,000 43,050,000 102,275,000 124,712,500 147,150,000 206,375,000 235,987,500 265,600,000 333,500,000 367,450,000 401,400,000 409,428,000 417,616,560 425,968,891 434,488,269 443,178,034 452,041,595 461,082,427 470,304,076 479,710,157 489,304,360 499,090,447 - - 95,410 143,115 340,002 414,593 489,184 686,071 784,514 882,958 1,108,684 1,221,547 1,334,410 1,361,098 1,388,320 1,416,087 1,444,408 1,473,297 1,502,763 1,532,818 1,563,474 1,594,744 1,626,639 1,659,171 24,063,307 - - 95,410 143,115 340,002 414,593 489,184 686,071 784,514 882,958 1,108,684 1,221,547 1,334,410 1,361,098 1,388,320 1,416,087 1,444,408 1,473,297 1,502,763 1,532,818 1,563,474 1,594,744 1,626,639 1,659,171 - - 1,000,000 1,500,000 4,000,000 5,000,000 6,000,000 8,500,000 9,750,000 11,000,000 13,875,000 15,312,500 16,750,000 17,085,000 17,426,700 17,775,234 18,130,739 16,493,353 18,863,221 19,240,485 19,625,295 20,017,801 20,418,157 20,826,520 - - 95,410 143,115 340,002 414,593 489,184 686,071 784,514 882,958 1,108,684 1,221,547 1,334,410 1,361,098 1,388,320 1,416,087 1,444,408 1,473,297 1,502,763 1,532,818 1,563,474 1,594,744 1,626,639 1,659,171 24,063,307 - - 95,410 143,115 340,002 414,593 489,184 686,071 784,514 882,958 1,108,684 1,221,547 1,334,410 1,361,098 1,388,320 1,416,087 1,444,408 1,473,297 1,502,763 1,532,818 1,563,474 1,594,744 1,626,639 1,659,171 3,324 4,987 13,298 16,622 19,946 28,257 32,413 36,568 46,126 50,905 55,684 56,797 57,933 59,092 60,274 61,479 62,709 63,963 65,242 66,547 67,878 69,235 999,278 117,612 280,566 342,441 404,316 567,270 648,747 730,224 917,070 1,010,493 1,103,916 1,125,994 1,148,514 1,171,484 1,194,914 1,218,812 1,243,189 1,268,052 1,293,414 1,319,282 1,345,667 1,372,581 19,902,967 78,408 101,528 242,198 295,611 349,024 489,694 560,028 630,363 791,657 872,304 952,951 972,010 991,451 1,011,280 1,031,505 1,052,135 1,073,178 1,094,642 1,116,534 1,138,865 1,161,642 1,184,875 17,181,161 67,685 44,244 66,366 158,318 193,233 228,148 320,099 366,075 412,051 517,485 570,201 622,918 635,376 648,084 661,046 674,267 687,752 701,507 715,537 729,848 744,445 759,334 774,520 11,230,853 - - 5,940 8,910 21,255 25,943 30,630 42,975 49,148 55,320 69,475 76,553 83,630 ___ 85,303 - --- --- 87,009 -_----- 88,749 I -,,,,.,. 90,524 92,334 1-.11 94,181 1111 IIA 96,065 conn ]n_ 97,986 99,946 101,945 103,983 1,507,801 SQ1 972 AR7 5117 2 I1R 57n 7 SRA IRA 1 n51 707 d ]Ad RRn d Qnn i07 5 815 Q21 R 027 Stn ] A11 ind A 110 nQ] A 4n5 R]Q R 975 Q07 R RAQ 919 Q 1179 Sn7 Q ]n] n17 Q 101 17R 0 570 nn1 0 77A 9R1 0 ORS QQ1 4A 495 111 1n IRR R1Q Amended Project and Financing Plan, TIRZ #1 28 !i DAVID PETTIT Econorrrc Je�rcJr � r�rtnr�[ ■ Financial Feasibility Analysis 20 YEAR - COMMERCIAL: INPUT & OUTPUT ► INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Year PARTICIPATION City of Grapevine 0.33243900 100% 0.3324390 Tarrant County 0.26400000 0% 0.0000000 Tarra nt County Hospital 0.22789700 0% 0.0000000 TCC 0.14897000 0% 0.0000000 TRWD 0.02000000 0% 0.0000000 Gra evine/Colle ville ISD 1.32010000 0% 0.0000000 1 2.31340600 1 1 0.33243901 PERSONAL PROPERTY TAX Year PARTICIPATION City of Grapevine 0.33243900 0% 0.0000000 Tarrant County 0.26400000 0% 0.0000000 Tarrant County Hospital 0.22789700 0% 0.0000000 TCC 0.14897000 0% 0.0000000 TRWD 0.02000000 0% 0.0000000 Gra evine/Colle vine ISD 1.32010000 0% 0.0000000 I t.Jla uwul 1 0.00000001 SALES TAX RATE 1 0.02000001 0.00% 0.0000000 Residential Year AREA SF REAL PROPERTY $1 SIF TAX VALUE PERSONAL PROPERTY SALES $/SF 7AX VALUE $/SF TAX VALUE Multifamil Phase One 2018 475,000 $ 140 $ 66,500,000 $ 5.00 $ 2,375,000 $ $ Multifamily Phase Two 2020 550,000 $ 140 $ 77,000,000 $ 5.00 $ 2,750,000 Multifamily 2020 240,000 $ 120 $ 28,800,000 $ 5.00 $ 1,200,000 Multifamily 2020 300,000 $ 120 $ 36,000,000 $ 5.00 $ 1,500,000 TOTAL 1,565,000 $ 208,300,000 $ 7,825,000 $ OUTPUT TOTAL TAX R EVENUE TOTAL REAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 14.4% $ 15,734,388 = $ 15,165,499 + $ 568,889 + $ Tarrant County 11.4% $ 12,495,160 = $ 12,043,388 + $ 451,772 + $ Tarrant County Hospita l 9.9% $ 10,786,399 = $ 10,396,409 + $ 389,990 + $ TCC 6.451 $ 7,050,773 = $ 6,795,847 + $ 254,926 + $ TRWD 0.9% $ 946,603 = $ 912,378 + $ 34,225 + $ Grapevine/Colleyville ISD 57.1% $ 62,480,532 = $ 60,221,502 + $ 2,259,030 + $ _ I n -- I I a a,voo,aaz I 1$ I 100.0% 96.4% 3.6% 0.0% TOTAL PARTICIPATION TOTAL REAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 100.0% $ 15,165,499 = $ 15,165,499 + Tarrant County 0.0% $ - _ $ _ + $ _ + $ _ Tarrant County Hospital 0.0% $ _ $ + $ + $ TCC 0.0% $ _ $ _ + $ - + $ TRWD 0.0% $ _ $ + $ - + $ - Grapevine/Colleyville ISD 0.0% $ _ $ _ + $ + $ 100.0% 100.0% 0.0% 0.0% NET BENEFIT TOTAL REAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 0.6•/ $ 568,889 = $ + $ 568,889 + $ Tarrant County 13.2% $ 12,495,160 = $ 12,043,388 + $ 451,772 + $ Tarrant County Hospital 11.411 $ 10,786,399 = $ 10,396,409 + $ 389,990 + $ - TCC 7.5% $ 7,060,773 = $ 6,795,847 + $ 254,926 + $ TRWD 1.0% $ 946,603 = $ 912,378 + $ 34,225 + $ Grapevine/Colleyville ISD 66.2% $ 62,480,532 = $ 60,221,502 + $ 2,259,030 + $ - -1 la I 100.0% 95.8% 4.2% 0.0% Amended Project and Financing Plan, TIRZ #1 29 EXHIBIT Tp 0�10/(0-Ol D Page j_ of _q,q _ _ DAVID PETTIT LCf.norrilL 0L'VG'10X;'fi?0')( I n -- I I a a,voo,aaz I 1$ I 100.0% 96.4% 3.6% 0.0% TOTAL PARTICIPATION TOTAL REAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 100.0% $ 15,165,499 = $ 15,165,499 + Tarrant County 0.0% $ - _ $ _ + $ _ + $ _ Tarrant County Hospital 0.0% $ _ $ + $ + $ TCC 0.0% $ _ $ _ + $ - + $ TRWD 0.0% $ _ $ + $ - + $ - Grapevine/Colleyville ISD 0.0% $ _ $ _ + $ + $ 100.0% 100.0% 0.0% 0.0% NET BENEFIT TOTAL REAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 0.6•/ $ 568,889 = $ + $ 568,889 + $ Tarrant County 13.2% $ 12,495,160 = $ 12,043,388 + $ 451,772 + $ Tarrant County Hospital 11.411 $ 10,786,399 = $ 10,396,409 + $ 389,990 + $ - TCC 7.5% $ 7,060,773 = $ 6,795,847 + $ 254,926 + $ TRWD 1.0% $ 946,603 = $ 912,378 + $ 34,225 + $ Grapevine/Colleyville ISD 66.2% $ 62,480,532 = $ 60,221,502 + $ 2,259,030 + $ - -1 la I 100.0% 95.8% 4.2% 0.0% Amended Project and Financing Plan, TIRZ #1 29 EXHIBIT Tp 0�10/(0-Ol D Page j_ of _q,q _ _ DAVID PETTIT LCf.norrilL 0L'VG'10X;'fi?0')( 100.0% 100.0% 0.0% 0.0% NET BENEFIT TOTAL REAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 0.6•/ $ 568,889 = $ + $ 568,889 + $ Tarrant County 13.2% $ 12,495,160 = $ 12,043,388 + $ 451,772 + $ Tarrant County Hospital 11.411 $ 10,786,399 = $ 10,396,409 + $ 389,990 + $ - TCC 7.5% $ 7,060,773 = $ 6,795,847 + $ 254,926 + $ TRWD 1.0% $ 946,603 = $ 912,378 + $ 34,225 + $ Grapevine/Colleyville ISD 66.2% $ 62,480,532 = $ 60,221,502 + $ 2,259,030 + $ - -1 la I 100.0% 95.8% 4.2% 0.0% Amended Project and Financing Plan, TIRZ #1 29 EXHIBIT Tp 0�10/(0-Ol D Page j_ of _q,q _ _ DAVID PETTIT LCf.norrilL 0L'VG'10X;'fi?0')( -1 la I 100.0% 95.8% 4.2% 0.0% Amended Project and Financing Plan, TIRZ #1 29 EXHIBIT Tp 0�10/(0-Ol D Page j_ of _q,q _ _ DAVID PETTIT LCf.norrilL 0L'VG'10X;'fi?0')( Financial Feasibility Analysis EXHIBIT Iq TO 040• doll -616 Page 3d- of 143�, Amended Project and Financing Plan, TIRZ #1 i DAVID PETTIT TAX REVENUE PROJECTIONS & COST -BENEFIT ANALYSIS 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Calendar Year 0 0 0 1 2 3 4 5 6 7 TOTAL TAX REVENUE 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2015 2016 2017 2018 2019 2020 2021 2022 2023 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% %OCCUPIED 0% 0% 100% 100% 100% 100% 100% 172,850,000 100% 208,300,000 100% 212,466,000 100% 216,715,320 221,049,626 225,470,619 229,980,031 234,579,632 239,271,225 244,056,649 248,937,782 253,916,538 258,994,868 264,174,766 269,458,261 274,847,426 280,344,375 285,951,262 REAL PROPERTY Taxable Value - - - 33,250,000 49,875,000 137,400,000 GROSS PV 110,536 165,804 456,771 574,621 692,470 706,320 720,446 734,855 749,552 764,543 779,834 795,431 811,339 827,566 844,118 861,000 683,746 878,220 697,421 895,784 711,370 913,700 725,597 931,974 740,109 950,614 754,911 15,165,499 12,043,388 City of Grapevine 6442,005 - - - 87,780 131,670 362,736 456,324 549,912 560,910 572,128 583,571 595,242 607,147 619,290 631,676 644,310 657,196 670,340 578,668 590,242 602,046 614,087 626,369 638,896 651,674 16,395,409 Tarrant County 5,115,794 - - - - 75,776 113,664 313,130 393,920 474,709 484,204 493,888 503,765 513,841 524,118 534,600 545,292 556,198 567,322 370,843 378,259 385,825 393,541 401,412 409,440 417,629 425,982 6,795,847 Tarrant County Hospital 4,416,190 - - 49,533 74,299 204,685 257,495 310,305 316,511 322,841 329,298 335,884 342,601 349,453 356,442 363,571 50,783 51,799 52,835 53,892 54,969 56,069 57,190 912,378 TCC 2,886.742 387,560 - - - - - 6,650 9,975 27,480 34,570 41,660 42,493 43,343 44,210 45,094 45,996 3,035,966 46,916 3,096,686 47,854 3,158,619 48,811 3,221,792 49,788 3,286,228 3,351,952 3,418,991 3,487,371 3,557,119 3,628,261 3,700,826 3,774,843 60,221,502 TRWD Grail evine/Colle Ile ISD 25.580.906 - - - 438,933 658,400 1,613,817 2,281,793 2,749,768 2,804,764 2,860,859 5,013,505 2,918,076 5,113,775 2,976,438 5,216,051 5,320,372 5,426,779 5,535,315 5,646,021 5,758,942 5,874,120 5,991,603 6,111,435 6,233,664 6,358,337 6,485,504 6,615,214 ITZIM - - - 769,207 1,153,811 3,178,620 3,998,722 4,818,825 4,915,201 Total %OCCUPIED 0% 0% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 8,988,465 100% 9,168,235 100% 9,351,599 100% 9,538,631 100% 9,729,404 100% 9,923,992 100% 10,122,472 100% 10,324,921 100% 10,531,420 100% 10,742,048 - - 1,187,500 1,781,250 5,100,000 6,462,500 7,825,000 7,981,500 8,141,130 8,303,953 8,470,032 8,639,432 8,812,221 PERSONAL PROPERTY Taxable Value - GROSS PV 3,948 5,922 16,954 21,484 26,013 26,534 27,064 27,606 28,156 28,721 29,295 29,881 30,479 31,088 31,710 32,344 25,686 32,991 26,199 33,651 26723 34,324 27,258 35,011 27,803 35,711 28,359 568,889 451,772 City of Grapevine 241,397 - - - - - 3,135 4,703 13,4fi4 17,061 20,658 21,071 21,493 21,922 22,361 22,808 23,264 23,730 24,204 24,688 21,312 25,182 21,738 22,173 22 23,069 23,530 24,001 24,481 389,990 Tarrant County 191,700 165.485 - - - - 2,706 4,059 11,623 14,728 17,833 18,190 18,553 18,924 19,303 19,689 20,083 20,484 13,390 20,894 13,658 13,931 14,210 14,494 ,618 14,784 15,079 15,381 15,689 16,002 254,926 Tarrant County Hospital - - - 1,769 2,654 7,597 9,627 11,657 11,890 12,128 12,370 12,618 12,870 13,128 1,834 1,870 1,908 1,946 1,985 2,024 2,065 2,106 2,148 34,225 TCC TRWD 108,173 14,523 - - - 238 356 1,020 1,293 1,565 1,596 1,626 1,661 109,620 1,694 111,813 1,728 114,049 1,762 116,330 1,798 118,657 121,030 123,450 125,919 128,438 131,007 133,627 136,299 139,025 141,806 2,259,030 Grapevine/Colleyville ISD 958,574 - 15,676 23,514 67,325 85,311 103,298 105,364 107,471 188,337 192,104 195,946 199,865 203,862 207,940 212,098 216,340 220,667 225,081 229,582 234,174 238,857 243,634 248,507 - - - 27,472 41,208 117,984 149,504 181,024 184,644 Total 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% % OCCUPIED 0'% 0% 100% 100% 100% 100% SALES TAX Taxable Value - - - GROSS PV - - - - - _ -- Total GROSS SUMMARY PV 732,853 747,511 762,461 777,710 793,264 809,129 825,312 841,818 858,655 875,828 893,344 911,211 929,435 948,024 966,985 986,324 15,734,388 City of Grapevine 6.683.402 - - - 114,484 171,726 473,726 596,105 718,484 581,981 593,621 605,493 617,603 629,955 642,554 655,406 668,514 81,884 695,522 709,432 723,621 738,093 752,855 767,912 783,270 12,495,160 Tarrant County 5.307,494 - - - 90,915 136,373 376,200 473,385 570,570 502,393 512,441 522,690 533,144 543,807 554,683 565,776 577,292 588,634 5 600,406 612,415 624,663 637,156 649,899 662,897 676,155 10,786,399 Tarrant County Hospital 4,581.674 - - - 78,482 117,723 324,753 408,648 492,542 328,401 334,969 341,668 348,501 355,471 362,581 369,832 377,229 384,774 392,691 400,319 408,325 416,491 424,821 433,318 441,984 7,050,773 TCC 2,994.914 - - - 51,302 76,952 212,282 267,122 321,961 44,971 45,871 46,788 47,724 48,678 49,652 50,645 51,658 52,691 53,745 54,820 55,916 57,034 58,175 59,339 946,603 TRWD 402.083 - - - 6,888 10,331 28,500 35,863 43,225 44,090 2,910,127 2,968,330 3,027,697 3,088,251 3,150,016 3,213,016 3,277,276 3,342,822 3,409,678 3,477,872 3,547,429 3,618,378 3,690,745 3,764,560 3,839,851 3,916,648 62,480,532 Gra evine/Colle lIe ISD 26539481 - - - 454,609 681,914 1,881,143 2,367,104 2,853,066 4,999,849 5,099,846 5,201,843 5,305,879 5,411,997 5,520,237 5,630,642 5,743,255 51858,120 5,975,282 6,094,788 6,216,683 6,341,017 6,467,837 6,597,194 6,729,138 6,863,721 r••• Total r'r• - 796,679 1,195,019 3,296604 4,148,226 Amended Project and Financing Plan, TIRZ #1 i DAVID PETTIT Financial Feasibility Analysis EXHIBIT TO, RD. aorb-ato TAX REVENUE PROJECTIONS & COST -BENEFIT ANALYSIS Page 33 of q3, Calendar Year 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 PARTICIPATION REAL PROPERTY Taxable Value - - - 33,250,000 49,875,000 137,400,000 172,850,000 208,300,000 212,466,000 216,715,320 221,049,626 225,470,619 229,980,031 234,579,632 239,271,225 244,056,649 248,937,782 253,916,538 258,994,868 264,174,766 269;458,261 274,847,426 280,344,375 285,951,262 PV PV City of Grapevine 241,397 City of Grapevine - - 3,948 6;442,005 - - - 110,536 165,804 456,771 574,621 692,470 706,320 720,446 734,855 749,552 764,543 779,834 795,431 811,339 827,566 844,118 861,000 878,220 895,784 913,700 931,974 950,614 GROSS 15,165,499 Tarrant County 136,373 376,200 473,385 570,570 581,981 593,621 605,493 617,603 629,955 642,554 655,406 668,514 681,884 695,522 709,432 723,621 738,093 752,855 767,912 783,27012,495,160 Tarrant County Hospital 4,581,674 - - - 78,482 Tarrant County Hospital 324,753 408,648 492,542 502,393 512,441 522,690 533,144 543,807 554,683 565,776 577,092 588,634 600,406 612,415 624,663 637,156 649,899 662,897 676,155 10,86,3 99 7 TCC 2,994,914 - - - 51,302 TCC - - - - - - - - - - - - - 384,774 392,469 400,319 - - - - - - - - - - TRWD - - - - - - - - - 47,724 48,678 49,652 50,645 - - - - - - - - - - - - - Grape-Am/Colleyville ISD 1,881,143 2,367,104 2,853,066 2,910,127 2,968,330 3,027,697 3,088,251 3,150,016 3,213,016 3,277,276 3,342,822 3,409,678 3,477,872 3,547,429 3,618,378 3,690,745 3,764,560 3,839,851 3,916,648 62,480,532 Total • r r. r- - - - 686,143 Total rr - - - 110,536 165,804 456,771 574,621 692,470 706,320 720,446 734,855 749,552 764,543 779,834 795,431 811,339 827,566 844,118 861,000 878,220 895,784 913,700 931,974 950,614 PERSONAL PROPERTYTaxable Value - - - 1,187,500 1,781,250 5,100,000 6,462,500 7,825,000 7,981,500 8,141,130 8,303,953 8,470,032 8,639,432 8,812,221 8,988,465 9,168,235 9,351,599 9,538,631 9,729,404 9,923,992 10,122,472 10,324,921 10,531,420 10,742,048 PV City of Grapevine - - - _ _ - - _ - GROSS Tarrant County - - - - - - - Tarrant County Hospital TCC - - - - - - - - - - - - - - - - - - - - - - - TRWD Grapemne/Colleyville ISD - - - - - Total - - - - - - - - - - - - - SALES TAX Taxable Value PV Total ROSS SUMMARY PV City of Grapevine OS - - - 110,536 165,804 456,771 574,621 692,470 706,320 720,446 734,855 749,552 764,543 779,834 795,431 811,339 827,566 844,118 861,000 878,220 895,784 913,700 931,974 950,614 GROSS 15,165,499 Tarrant County - - - - - - _ - - _ - - _ _ _ Tarrant County Hospital TCC TRWD _ - _ _ Gra eOne/Colle 'Ile ISD - - - - Total - tt - - - 110,536 165,804 456,771 574,621 692,470 706,320720,446 734,855 749,552 764,543 779,834 795,431 811,339 827,566 844,118 861,000 878,220 895,784 913,700 931,974 950,614 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV City of Grapevine 241,397 - - - 3,948 5,922 16,954 21,484 26,013 26,534 27,064 27,606 28,156 28,721 29,295 29,881 30,479 31,088 31,710 32,344 32,991 33,651 34,324 35,011 35,711 GROSS 568,889 Tarrant County 5.307.494 - - - 90,915 136,373 376,200 473,385 570,570 581,981 593,621 605,493 617,603 629,955 642,554 655,406 668,514 681,884 695,522 709,432 723,621 738,093 752,855 767,912 783,27012,495,160 Tarrant County Hospital 4,581,674 - - - 78,482 117,723 324,753 408,648 492,542 502,393 512,441 522,690 533,144 543,807 554,683 565,776 577,092 588,634 600,406 612,415 624,663 637,156 649,899 662,897 676,155 10,86,3 99 7 TCC 2,994,914 - - - 51,302 76,952 212,282 267,122 321,961 328,401 334,969 341,668 348,501 355,471 362,581 369,832 377,229 384,774 392,469 400,319 408,325 416,491 424,821 433,318 441,984 7,050,773 TRWD 402,083 - - - 6,888 10,331 28,500 35,863 43,225 44,090 44,971 45,871 46,788 47,724 48,678 49,652 50,645 51,658 52,691 53,745 54,820 55,916 57,034 58,175 59,339 946,603 Gra evine/Colle lle ISD 26,539,489 - - - 454,609 681,914 1,881,143 2,367,104 2,853,066 2,910,127 2,968,330 3,027,697 3,088,251 3,150,016 3,213,016 3,277,276 3,342,822 3,409,678 3,477,872 3,547,429 3,618,378 3,690,745 3,764,560 3,839,851 3,916,648 62,480,532 Total • r r. r- - - - 686,143 1,029,215 2,839,832 3,573,605 4,307,378 4,393,526 4,481,396 4,571,024 4,662,445 4,755,694 4,850,808 4,947,824 5,046,780 5,147,716 5,250,670 5,355,683 5,462,797 5,572,053 5,683,494 5,797,164 5,913,107 Amended Project and Financing Plan, TIRZ #1 DAVID PETTIT Financial Feasibility Analysis 20 HOTEL: INPUT & OUTPUT ► INPUT INFLATION RATE 2.001 DISCOUNT RATE 6.001 REAL PROPERTY TAX Year i PARTICIPATION Uty of Gra evine 0.33243900 100% 0.3324390 Tarrant County 0.26400000 0% 0.0000000 Tarrant County Hospital 0.22789700 0% 0.0000000 TCC 0.14897000 0% 0.0000000 TRWD 0.02000000 0% 0.0000000 Grapevine/Colleyville ISD 1.32010000 0% 0.0000000 PERSONAL PROPERTY TAX Year i PARTICIPATION City of Grapevine 0.33243900 0% 0.0000000 Tarrant Countv 0.26400000 0% 0.0000000 Tarrant County Hospital 0.22789700 0% 0.0000000 TCC 0.14897000 0% 0.0000000 TRWD 0.02000000 0% 0.0000000 Grapevine/Colleyville ISD 1.32010000 0% 0.0000000 I vvl � Sales Tax Rate 1 0.02000001 0.00% 1 0.0000000 Hotel Year i AREA SF REAL PROPERTY $ISF TAX VALUE PERSONAL PROPERTY $ISF TAX VALUE SALES $1 SF TAX VALUE Hotel Phase One 20181 465,000 $ 145.00 $ 67,425,000 $ $ $ 25.00 $ 11,625,000 Hotel Phase Two 2021 387,500 $ 145.00 $ 56,187,500 $ $ 25.00 $ 9,687,500 Hotel 2022 325,000 $ 125.00 $ 40,625,000 $ $ 25.00 $ 8,125,000 Hotel 2020 325,000 $ 125.00 $ 40 625 000 $ $ 25.00 $ 8 125 000 + $ TRWD 0.7% $ $ $ $ + $ TOTAL 1,502,500 204,862,500 37,562,500 OUTPUT No. TOTAL TAX REVENUE TOTAL TOTAL REAL PROPERTY PERSONAL PROPERTY SALES SALES City of Grapevine 26.1% $ 29,361,837 = $ 13,982,345 + $ + $ 15,379,492 Tarrant County 9.9% $ 11,103,809 = $ 11,103,809 + $ + $ Tarrant County Hospital 8.5% $ 9,585,321 = $ 9,585,321 + $ + $ TCC 5.6.11 $ 6,265,661 = $ 672652661 + $ + $ TRWD 0.7% $ 841,198 = $ 841,198 + $ + $ Grapevine/Colleyville ISD 49.3% $ 55,523,251 = $ 55,523,251 + $ + $ wo.uro 100.0% 86.4% 0.0% 13.6% TOTAL PARTICIPATION TOTAL REAL PROPERTY PERSONAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 100.0% $ 13,982,345 = $ 13,982,345 + $ + $ Tarrant County 0.0% $ _ $ + $ + $ Tarrant County Hospital 0.0% $ _ $ + $ + $ - TCC 0.0% $ _ $ + $ + $ TRWD 0.0'*/ $ _ $ + $ + $ Grapevine/Colle ille ISD 0.0% $ - _ $ + $ + $ ivv.vr 100.0% 100.0% 0.0% NET BENEFIT TOTAL REAL PROPERTY PERSONAL PROPERTY SALES City of Gra evine 15.6% $ 15,379,492 = $ + $ + $ 15,379,492 Tarrant County 11.3% $ 11,103,809 = $ 11,103,809 + $ + $ Tarrant Coun Hospital 9.7% $ 9,585,321 = $ 9,585,321 + $ + $ TCC 6.3% $ 6,265,661 = $ 6,265,661 + $ + $ TRWD 0.9% $ 841,198 = $ 841,198 + $ + $ - GrapevinelColleyville ISD 56.3% $ 55,523,251 = $ 55,523,251 + $ - + $ 100.0% 84.4% 0.0% 15.6% Amended Project and Financing Plan, TIRZ #1 32 EXHIBIT TO pR p Rol(o_Ol v Page of `f 2 DAVID PETTIT r�D s�or�r;frlrc t���ue;u;t�lrr�rlt M Financial Feasibility Analysis Calendar Year 0 TOTAL TAX REVENUE 0 0 1 2 3 TAX 4 REVENUE 5 6 PROJECTIONS & COST -BENEFIT ANALYSIS 7 8 9 10 11 12 13 14 15 16 17 EXHIBIT l TO 2y ao��-opo Page of 18 19 20 21 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 %OCCUPIED 0% 0% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% REAL PROPERTY Taxable Value - - - 33,712,500 50,568,750 87,737,500 125,987,500 170,503,125 194,706,250 204,862,500 208,959,750 213,138,945 217,401,724 221,749,758 226,184,754 230,708,449 235,322,618 240,029,070 244,829,651 249,726,244 254,720,769 259,815,185 265,011,488 270,311,718 PV Cityof Grapevine 5.855,542 - - - 112,073 168,110 291,674 418,832 566,819 647,280 681,043 694,664 708,557 722,728 737,183 751,926 766,965 782,304 797,950 813,909 830,187 846,791 863,727 881,002 GROSS 898,622 13,982,345 Tartan County 4,650,065 - - - 89,001 133,502 231,627 332,607 450,128 514,025 540,837 551,654 562,687 573,941 585,419 597,128 609,070 621,252 633,677 646,350 659,277 672,463 685,912 699,630 713,623 11,103,809 Taman County Hospital 4,014.151 - - - 76,830 115,245 199,951 287,122 388,572 443,730 466,875 476,213 485,737 495,452 505,361 515,468 525,778 536,293 547,019 557,959 569,119 580,501 592,111 603,953 616,032 9,585,321 TCC 2,623,940 - - - 50,222 75,332 130,703 187,684 253,999 290,054 305,184 311,287 317,513 323,863 330,341 336,947 343,686 350,560 357,571 364,723 372,017 379,458 387,047 394,788 402,683 6,265,661 TRWD 352,278 - - - 6,743 10,114 17,548 25,198 34,101 38,941 40,973 41,792 42,628 43,480 44,350 45,237 46,142 47,065 48,006 48,966 49,945 50,944 51,963 53,002 54,062 841,198 Grapevine/ColleyWle ISD 23.252087 - - 445,039 667,558 1,158,223 1,663,161 2,250,812 2,570,317 2,704,390 2,758,478 2,813,647 2,869,920 2,927,319 2,985,865 3,045,582 3,106,494 3,168,624 3,231,996 3,296,636 3,362,569 3,429,820 3,498,417 3,558,385 55,523,251 Total r r. _ - - 779,907 1,169,860 2,029,725 2,914,602 3,944,430 4,504,346 4,739,301 4,834,087 4,930,769 5,029,385 5,129,972 5,232,572 5,337,223 5,443,968 5,552,847 5,663,904 5,777,182 5,892,726 6,010,580 6,130,792 6,253,408 r %OCCUPIED 0% 0% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% PERSONAL PROPERTY Taxable Value - - _ _ _ PV City of Grapevine - _ _ _ _ _ - _ -- GROSS Taman County - -_.• - _ _ _ _ _ _ - _ - _ - - - - - - - - _ - _ _ " Taman County Hospital TCC - - - - - - - - - - - - - - - - - - TRWD Gra evine/Colle "Ile ISD Total _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ %OCCUPIED 0% 0% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% SALES TAX Taxable Value - - 5,812,500 8,718,750 15,687,500 22,562,500 31,078,125 35,531,250 37,562,500 38,313,750 39,080,025 39,861,626 40,658,858 41,472,035 42,301,476 43,147.505 44,010,455 44,890,665 45,788,478 46,704,247 47,638,332 48,591,099 49,562,921 PV Total •.t - - - 116,250 174,375 313,750 451,250 621,563 710,625 751,250 766,275 781,601 797,233 813,177 829,441 846,030 862,950 880,209 897,813 915,770 934,085 952,767 971,822 991,258 GROSS SUMMARY PV City of Grapevine 12.283.502 - - - 228,323 342,485 605,424 870;082 1,188,381 1,357,905 1,432,293 1,460,939 1,490,157 1,519,961 1,550,360 1,581,367 1,612,994 1,645,254 1,678,159 1,711,723 1,745,957 1.,780,876 1,816,494 1,852,824 GROSS 1,889,880 29,361,837 Taman County 4,650.065 - - - 89,001 133,502 231,627 332,607 450,128 514,025 540,837 551,654 562,687 573,941 585,419 597,128 609,070 621,252 633,677 646,350 659,277 672,463 685,912 699,630 713,623 11,103,809 Taman County Hospital 4.014.151 - - - 76,830 115,245 199,951 287,122 388,572 443,730 466,875 476,213 485,737 495,452 505,361 515,468 525,778 536,293 547,019 557,959 569,119 580,501 592,111 603,953 616,032 9,585,321 TCC 2.623.940 - - - 50,222 75,332 130,703 187,684 253,999 290,054 305,184 311,287 317,513 323,863 330,341 336,947 343,686 350,560 357,571 364,723 372,017 379,458 387,047 394,788 402,683 6,265,661 TRWD 352,278 - - - 6,743 10,114 17,548 25,198 34,101 38,941 40,973 41,792 42,628 43,480 44,350 45,237 46,142 47,065 48,006 48,966 49,945 50,944 51,963 53,002 54,062 841,198 Grapevim/Colleyville ISD 23,252,087 - - - 445,039 667,558 1,158,223 1,663,161 2,250,812 2,570,317 2,704,390 2,758,478 2,813,647 2,869,920 2,927,319 2,985,865 3,045,582 3,106,494 3,168,624 3,231,996 3,296,636 3,362,569 3,429,820 3,498,417 3,568,385 55,523,251 Total r - - - 896,157 1,344,235 2,343,475 3,365,852 4,565,992 5,214,971 5,490,551 5,600,362 5,712,370 5,826,617 5,943,149 6,062,012 6,183,253 6,306,918 6,433,056 6,561,717 6,692,951 6,826,811 6,963,347 7,102,614 7,244,666 NUCJUJOW. Amended Project and Financing Plan, TIRZ #1 33 a DAVID PETTIT F _'Co orrill a Financial Feasibility Analysis EXHIBIT A TO W. dot(, -o16 Page 3 of q�L TAX REVENUE PROJECTIONS & COST -BENEFIT ANALYSIS Calendar Year 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 YAR 1 It.lt'7i 1 IVIV - REAL PROPERTY Taxable Value - - 33,712,500 50,568,750 87,737,500 125987,500 170,503,125 194,706,250 204,862,500 208,959,750 213,138,945 217,401,724 221,749,758 226,184,754 230,708,449 235,322,618 240,029,070 244,829,651 249,726,244 254,720,769 259,815,185 265,011,488 270,311,718 PV City of Grapevine - - - 112,073 168,110 291,674 418,832 566,819 647,280 681,043 894,664 708,557 722,728 737,183 751,926 766,965 782,304 797,950 813;909 830,187 846,791 863,727 881,002 898,622 Tarrant County - _ _ _ _ _ - _ _ _ _ _ _ _ _ - TarrantCountyHospital TCC - - - - - - - - - - - - - - - TRWD- Gra emine/Colleyville ISD - - Total PERSONAL PROPERTY Taxable Value - - PV City of Grapevine - - - - Tarrant County - - - - TarnantCounryHospital - - - - TCC TRWD 168,110 418,832 566,819 647,280 681,043 694,664 708,557 722,728 1 751,926 766,965 782,304 79/,9bu 613,91 187 846,791 863,727 881,002 898,622j] GROSS Gra evine/Colle Ile ISD - PAR ..... M iry - - _ _ _ _ _ - - - - - - - Total SUMMARY - - 5,812,500 8,718,750 15,687,500 22,562,500 31,078,125 35,531,250 37,562,500 38,313,750 39,080,025 39,861,626 40,658,858 41,472,035 42,301,476 43,147,505 44,010,455 44,890,665 45,788,478 46,704,247 47,638,332 48,591,099 49,562,921 SALES TAX 897,813 Taxable Value - 934,085 672,463 952,767 685,912 971,822 699,630 991,258 15,379,49 713,623 11,103,809 City of Grapevine - 4,650,065 - - - 89,001 133,502 231,627 332,607 GROSS 514,025 540,837 551,654 562,687 573,941 585,419 597,128 609,070 PV 633,677 547,019 646,350 557,959 569,119 580,501 592 603,953 616,032 9,585,321 Tarrant County Tarrant County Hospital 4,014.151 - - - 76,830 115,245 Total 287,122 388,572 - - 525,778 343,686 350,560 357,571 364,723 372,017 379,458 ,111 387,047 394,788 402,683 6,265,661 TCC SUMMARY - 50,222 75,332 130,703 167,684 253,999 290,054 305,184 311,287 317,513 323,863 330,341 43,480 44,350 45,237 46,142 47,065 48,006 48,966 49,945 50,944 GROSS 53,002 54,062 841,198 PV 112,073 168,110 291,674 418,832 566,819 647,280 681,043 694,664 708,557 722,728 737,183 751,926 766,965 782,304 797,950 813,909 830,187 846,791 863,727 881,002 898,622 13,982, Ciry of Grapevine 3,429,820 5,855,542 - - - 23,252,087 - - - - 445,039 - 784,083 1,176,125 2,051,801 2,947,021 3,999,173 4,567,692 4,809,509 4,905,699 5,003,813 5,103,889 5,205,967 5,310,086 5,416,288 5,524,614 5,635,106 5,747,808 Tarrant Courcy 5,980,019 - - _ - _ Total r _ _ _ _ _ _ _ _ _ _ _345 _ Tarrant County Hospital TCC Amended Project and Financing Plan, TIRZ #1 TRWD - - - - - - DAVID PETTIT - - - - GrapeVne/Colleyville LSD - - - - - - 112,073 168,110 291,674 418,832 566,819 647,280 681,043 694,664 708,557 722,728 737,183 751,926 766,965 782,304 797,950 813,909 830,187 846,791 863,727 881,002 898,622 34 Total - Tr/�wr - \rCT 0=k=r IT TOTAL IAA REVENUE - PAR ..... M iry - - SUMMARY GROSS PV 6.427,960 - - 116,250 174,375 313,750 451,250 621,563 710,625 751,250 766,275 781,601 797,233 813,177 829,441 846,030 862,950 880,209 897,813 615,770 659,277 934,085 672,463 952,767 685,912 971,822 699,630 991,258 15,379,49 713,623 11,103,809 City of Grapevine - 4,650,065 - - - 89,001 133,502 231,627 332,607 450,128 514,025 540,837 551,654 562,687 573,941 585,419 597,128 609,070 621,252 536,293 633,677 547,019 646,350 557,959 569,119 580,501 592 603,953 616,032 9,585,321 Tarrant County Tarrant County Hospital 4,014.151 - - - 76,830 115,245 199,951 287,122 388,572 443,730 466,875 476,213 485,737 495,452 505,361 515,468 336,947 525,778 343,686 350,560 357,571 364,723 372,017 379,458 ,111 387,047 394,788 402,683 6,265,661 TCC 2,623,940 - - - 50,222 75,332 130,703 167,684 253,999 290,054 305,184 311,287 317,513 323,863 330,341 43,480 44,350 45,237 46,142 47,065 48,006 48,966 49,945 50,944 51,963 53,002 54,062 841,198 TRWD 352,278 - - - 6,743 10,114 667,558 17,548 1,158,223 25,198 1,663,161 34,101 2,250,812 38,941 40,973 41,792 42,628 2,570,317 2,704,390 2,758,478 2,813,647 2,869,920 2,927,319 2,985,865 3,045,582 3,106,494 3,168,624 3,231,996 3,296,636 3,362,569 3,429,820 3,498,417 3,568,385 55,523,251 Gra evine/Colle 'Ile ISD 23,252,087 - - - - 445,039 - 784,083 1,176,125 2,051,801 2,947,021 3,999,173 4,567,692 4,809,509 4,905,699 5,003,813 5,103,889 5,205,967 5,310,086 5,416,288 5,524,614 5,635,106 5,747,808 5,862,764 5,980,019 6,099,620 6,221,612 6,346,044 Total r Amended Project and Financing Plan, TIRZ #1 DAVID PETTIT fCUrlCrrrrC %+�L'4GrfU+i TriF1[ 34 Financial Feasibility Analysis 20 YEAR - INDUSTRIAL: INPUT & OUTPUT ► INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00 71 REAL PROPERTY TAX PARTICIPATION City of Grapevine 0.33243900 100% 0.3324390 Tarrant County 0.26400000 0% 0.0000000 Tarrant County Hospital 0.22789700 0% 0.0000000 TCC 0.14897000 0% 0.0000000 TRWD 0.02000000 0% 0.0000000 Gra evine/Colle ville ISD i.320100001 0% 0.0000000 I Y.313406001 1 0.33243901 PERSONAL PROPERTY TAX PARTICIPATION City of Grapevine 0.33243900 0% 0.0000000 Tarrant County 0.26400000 0% 0.0000000 Tarrant County Hospital 0.22789700 0% 0.0000000 TCC 0.14897000 0% 0.0000000 TRWD 0.02000000 0% 0.0000000 Grapevine/Colleyville ISD 1.32010000 0% 0.0000000 1 2.313406001 1 0.00000001 TOTAL REAL PROPERTY PERSONAL PROPERTY 1 0.0000000 SALES Sales Tax Rate 1 0.02000001 0.00% $ 25,062,586 Office 24,063,307 + $ AREA REAL PROPERTY PERSONAL PROPER SALES Year SF $ / SF TAX VALUE $ I SF TAX VALUE $ I SF TAX VALUE Industrial 20191 250,0001 $ 55.55-7 12,500,000 $ 25.00 $ 6,250,000 $ $ Industrial 20211 250,0001 $ 50.00 1 $ 12,500,000 $ 25,001 $ 6,250,000 9.9% $ 17,181,161 = $ 16,496,126 + $ 685,036 TOTAL 500,000 25,000,000 12,500,000 OUTPUT TOTAL TAX REVENUE TOTAL TOTAL REAL PROPERTY PERSONAL PROPERTY SALES SALES City of Grapevine 14.4% $ 25,062,586 = $ 24,063,307 + $ 999,278 + $ Tarrant County 11.4% $ 19,902,967 = $ 19,109,410 + $ 793,558 + $ - Tarrant County Hospital 9.9% $ 17,181,161 = $ 16,496,126 + $ 685,036 + + TCC 6.4% $ 11,230,853 = $ 10,783,064 + $ 447,789 + _ TRWD 0.9% $ 1,507,801 = $ 1,447,683 + $ 60,118 + $ Grapevine/Colleyville ISD 57.1% $ 99,522,376 = $ 95,554,288 + $ 3,968,089 + $ 1 a 161,4D3,S1ti I I$ 6,953,8671 1$ 1 100.0% 96.0% 4.0% 0.01/ TOTAL PARTICIPATION TOTAL REAL PROPERTY PERSONAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 100.01/ $ 24,063,307 = $ 24,063,307 + $ + $ Tarrant County 0.0•/ $ _ $ + $ + $ Tarrant County Hospital 0.01/ $ _ $ + $ + $ TCC 0.0% $ _ $ + $ + $ TRWD 0.0% $ _ $ + $ + $ Grapevine/Colleyville ISD 0.0% $ - _ $ + $ + $ _ A�1111111 I y c4,u0s,aur I I IN - 1 1$ I 100.0% 100.0% 0.01/ 0.0% NET BENEFIT TOTAL REAL PROPERTY PERSONAL PROPERTY SALES City of Grapevine 0.7% $ 999,278 = $ + $ 999,278 + Tarrant County 13.2% $ 19,902,967 = $ 19,109,410 + $ 793,558 + $ Tarrant County Hospital 11.4% $ 17,181,161 = $ 16,496,126 + $ 685,036 + $ - TCC 7.5% $ 11,230,853 = $ 10,783,064 + $ 447,789 + _ TRWD 1.0% $ 1,507,801 = $ 1,447,683 + $ 60,118 + $ Grapevine/Colleyville ISD 66.2% $ 99,522,376 = $ 95,554,288 +_ $ 3,968,089 + $ ,w.vi1 !.z-unws• cwv�1 y 14s,mu,,u`J 1 $ 100.0% 95.4% 4.6% 0.01/ Amended Project and Financing Plan, TIRZ #1 35 EXHIBIT TO 4Rg,do16_010 Page -327 of 14x DAVID PETTIT Economic Dewr'oop'tr "if Financial Feasibility Analysis EXHIBIT Page 3 Of 4� Amended Project and Financing Plan, TIRZ #1 36 i DAVID PETTIT Economic pt.3VOoptrecof TAX REVENUE PROJECTIONS & COST -BENEFIT ANALYSIS 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Calendar Year 0 0 0 1 2 3 4 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 % OCCUPIED 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 26,010,000 100% 26,530,200 100% 27,060,804 100% 27,602,020 100% 28,154,060 100% 28,717,142 100% 29,291,485 100% 29,877,314 100% 30,474,860 100% 31,084,358 100% 31,706,045 100% 32,340,166 100% 32,986,969 100% 33,646,708 REAL PROPERTY Taxable Value - - - - 6,250,000 9,375,000 18,750,000 21,875,000 25,000,000 25,500,000 GROSS PV 20,777 31,166 62,332 72,721 83,110 84,772 86,467 88,197 89,961 91,760 93,595 95,467 97,376 99,324 101,310 103;337 105,403 107,511 109,662 111,855 1,7 , 103 Cityof Grapevine 723,724 - - - - 16,500 24,750 49,500 57,750 66,000 67,320 68,666 70,040 71,441 72,869 74,327 75,813 77,330 78,876 80,454 82,063 83,704 85,378 87,086 88,827 1,378,693 Tarrant County 574.731 - - - - 21,365 42,731 49,852 56,974 58,114 59,276 60,462 61,671 62,904 64,162 65,446 66,754 68,090 69,451 70,840 72,257 73,702 75,176 76,680 1,190,151 Tarrant County Hospital 496,134 - - - - 14,244 9,311 13,966 27,932 32,587 37,243 37,987 38,747 39,522 40,312 41,119 41,941 42,780 43,636 44,508 45,398 46,306 47,232 48,177 49,141 50,124 777,969 TCC 324,309 - - - - 1,250 1,875 3,750 4,375 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 5,858 5,975 6,095 6,217 6,341 6,468 6,597 6,729 104,446 TRWD 43,540 - - - - 82,506 123,759 247,519 288,772 330,025 336,626 343,358 350,225 357,230 364,374 371,662 379,095 386,677 394,410 402,299 410,345 418,551 426,923 435,461 444,170 6,893,986 Gra evine/Colle ille ISD 2.873,873 - - - - 144,588 216,882 433,764 506;058 578,352 589,919 601,717 613,751 626,026 638,547 651,318 664,344 677,631 691,184 705,007 719,107 733,490 748,159 763,123 778,385 rr Total r - %OCCUPIED 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 13,530,402 100% 13,801,010 100% 14,077,030 100% 14,358,571 100% 14,645,742 100% 14,938,657 100% 15,237430 100% 15,542,179 100% 15,853,022 100% 16,170,083 100% 16,493,485 100% 16,823,354 PERSONAL PROPERTY Taxable Value - - - - 3,125,000 4,687,500 9,375,000 10,937,500 12,500,000 12,750,000 13,005,000 13,265,100 GROSS PV 10,389 15,583 31,166 36,361 41,555 42,386 43,234 44,098 44,980 45,880 46,798 47,733 48,688 49,662 50,655 51,668 52,702 53,756 54,831 55,927 868,05 City of Grapevine 361862 - - - - 8,250 12,375 24,750 28,875 33,000 33,660 34,333 35,020 35,720 36,435 37,163 37,907 38,665 39,438 40,227 41,031 41,852 42,689 43,543 44,414 689,346 Tamara County 287,366 - - - - 7,122 10,683 21,365 24,926 28,487 29,057 29,638 30,231 30,835 31,452 32,081 32,723 33,377 34,045 34,726 35,420 36,129 36,851 37,588 38,340 595,076 Tamara County Hospital 248,067 - - - - 4,655 6,983 13,966 16,294 18,621 18,994 19,374 19,761 20,156 20,559 20,971 21,390 21,818 22,254 22,699 23,153 23,616 24,089 24,570 25,062 388,985 TCC 162,155 - - - - 938 1,875 2,188 2,500 2,550 2,601 2,653 2,706 2,760 2,815 2,872 2,929 2,988 3,047 3,108 3,171 3,234 3,299 3,365 52,223 TRWD 21,770 - - - - 625 - 41,253 61,880 123,759 144,386 165,013 168,313 171,679 175,113 178,615 182,187 185,831 189,547 193,338 197,205 201,149 205,172 209,276 213,461 217,730 222,085 3,446,993 Gra evine/Colle lle ISD 1,436,937 - - - - 72,294 108,441 216,882 253,029 289,176 394,959 300,858 306,876 313,013 319,273 325,659 332,172 338,815 345,592 352,504 359,554 366,745 374,080 381,561 389,192 rr Total - % OCCUPIED 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%. 100% 100% 100% 100% 100% SALES TAX Taxable Value - - - - - GROSS PV Total � - SUMMARY GROSS PV 31,166 46,749 93,498 109,082 124,665 127,158 129,701 132,295 134,941 137,640 940,393 143,200 146,064 148,986 151;965 155;005 158,105 161,267 164,492 167,782 2,604,155 City of Grapevine 1,085.585 - - - - 37,125 74,250 86,625 99,000 100,980 103,000 105,060 107,161 109,304 111,490 113,720 115,994 118,314 120,680 123,094 125,556 128,067 130,628 133,241 2,068,039 Tarrant County 862.097 - - - 24,750 74,779 85,461 87,171 88,914 90,692 92,506 94,356 96,243 98,168 100,132 102,134 104,177 106,260 108,386 110,553 112,764 115,020 1,785,227 Tamara County Hospital 744,202 - - - - 21,365 32,048 64,096 48,881 55,864 56,981 58,121 59,283 60,469 61,678 62,912 64,170 65,453 66,762 68,098 69,460 70,849 72,266 73,711 75,185 1,166,954 TCC 486.464 - - - - 13,966 1,875 20,949 2,813 41,898 5,625 6,563 7,500 7,650 7,803 7,959 8,118 8,281 8,446 8,615 8,787 8,963 9,142 9,325 9,512 9,702 9,896 10,094 156,670 TRWD 65,310 - - - - - 123,759 185,639 371,278 433,158 495,038 504,938 515,037 525,338 535,845 546,561 557,493 568,642 580,015 591,616 603,448 615,517 627,827 640,384 653,191 666,255 10,340,980 Grapevine/Colleyville ISD Total 4,310,810 - - - - - - 216,882 325,323 650,645 759,086 867,527 884,878 902,575 920,627 939,039 957,820 976,977 996,516 1,016,446 1,036,775 1,057,511 1,078,661 1,100,234 1,122,239 1,144,684 1,167,577 r Amended Project and Financing Plan, TIRZ #1 36 i DAVID PETTIT Economic pt.3VOoptrecof Financial Feasibility Analysis EXHIBIT A TO.Q�!�_®`d TAX REVENUE PROJECTIONS & COST -BENEFIT ANALYSIS Page tfa Calendar Year 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 PARTICIPATION REAL PROPERTY Taxable Value - - - - 6,250,000 9,375,000 18,750,000 21,875,000 25,000,000 25,500,000 26,010,000 26,530,200 27,060,804 27,602,020 28,154,060 28,717,142 29,291,485 29,877,314 30,474,860 31,084,358 31,706,045 32,340,166 32,986,969 33,646,708 PV GROSS City of Grapevine 723,724 - - - - 20,777 31,166 62,332 72,721 83,110 84,772 86,467 88,197 89,961 91,760 93,595 95,467 97,376 99,324 101,310 103,337 105,403 107,511 109,662 111,855 1,736,103 Taman County _ _ 37,125 _ _ 99,000 100,980 - _ _ 109,304 111,490 - - - _ _ - 128,067 130,628 - - Tan-artCounty Hospital 744,202 - - - - 21,365 32,048 64,096 74,779 85,461 87,171 88,914 90,692 92,506 94,356 96,243 98,158 100,132 102,134 104,177 106,260 108,386 110,553 112,764 115,020 1,785,227 TCC 486,464 - - - - 13,966 20,949 41,898 48,881 55,864 56,981 58,121 59,283 60,469 61,678 62,912 64,170 65,453 66,762 68,098 69,460 70,849 72,266 73,711 75,185 1,166,954 TRWD 65,310 - - - - 1,875 2,813 5,625 6,563 7,500 7,650 7,803 7,959 8,118 8,281 8,446 8,615 8,787 8,963 9,142 9,325 9,512 9,702 9,896 10,094 156,670 Grapevine/Colleyville ISD 4,310,810 - - 123.,759 185,639 371,278 433,158 495,038 504,938 515,037 525,338 535,845 546,561 557,493 568,642 .580,015 591,616 603,448 615,517 627,827 640,384 653,191 666,255 10,340,980 Total - - - 20,777 31,166 62,332 72,721 83,110 84,772 86,467 88,197 89,961 91,760 93,595 95,467 97,376 99,324 101,310 103,337 105,403 107,511 109,662 111,855 r PERSONAL PROPERTY Taxable Value - - - - 3,125,000 4,687,500 9,375,000 10,937,500 12,500,000 12,750,000 13,005,000 13,265,100 13,530,402 13,801,010 14,077,030 14,358,571 14,645,742 14,938,657 15,237,430 15,542,179 15,853,022 16,170,083 16,493,485 16,823;354 PV GROSS City of Grapevine... - - - - - _ _ _ _ _ _ Tartan County Tartan County Hospital TCC TRWD GrapexfjnelColleyville ISD Total SALES TAX Taxable Value PV GROSS Total SUMMARY PV GROSS City of Grapevine 723,724 - - - - 20,777 31,166 62,332 72,721 83,110 84,772 86,467 88,197 89,961 91,760 93,595 95,467 97,376 99,324 101,310 103,337 105,403 107,511 109,662 111,855 1,736,103 Tarrant County _ _ _. _ _ - _ - _ _ - _ _ _ _ _ _ - _ _ Tartan County Hospital TCC TRWD Gra evine/Colle ille ISD - Total - - - 20,777 31,166 62,332 72,721 83,110 84,772 86,467 88,197 89,961 91,760 93,595 95,467 97,376 99,324 101,310 103,337 105,403 107,511 109,662 111,855 r TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS City of Grapevine 361,862 - - - - 10,389 15,583 31,166 36,361 41,555 42,386 43,234 44,098 44,980 45,880 46,798 47,733 48,688 49,662 50,655 51,668 52,702 53,756 54,831 55,927 868,052 Tarrant County 862,097 - - - - 24,750 37,125 74,250 86,625 99,000 100,980 103,000 105,060 107,161 109,304 111,490 113,720 115,994 118,314 120,680 123,094 125,556 128,067 130,628 133,241 2,068,039 Tarrant County Hospital 744,202 - - - - 21,365 32,048 64,096 74,779 85,461 87,171 88,914 90,692 92,506 94,356 96,243 98,158 100,132 102,134 104,177 106,260 108,386 110,553 112,764 115,020 1,785,227 TCC 486,464 - - - - 13,966 20,949 41,898 48,881 55,864 56,981 58,121 59,283 60,469 61,678 62,912 64,170 65,453 66,762 68,098 69,460 70,849 72,266 73,711 75,185 1,166,954 TRWD 65,310 - - - - 1,875 2,813 5,625 6,563 7,500 7,650 7,803 7,959 8,118 8,281 8,446 8,615 8,787 8,963 9,142 9,325 9,512 9,702 9,896 10,094 156,670 Gra evine/Colle ille ISD 4,310,810 - - 123.,759 185,639 371,278 433,158 495,038 504,938 515,037 525,338 535,845 546,561 557,493 568,642 .580,015 591,616 603,448 615,517 627,827 640,384 653,191 666,255 10,340,980 Total : n - - - - - 196,104 294,157 588,313 686,365 784;418 800,106 816,108 832,430 849,079 866,060 883,382 901,049 919,070 937,452 956,201 975,325 994,831 1,014,728 1,035,022 1,055,723 Amended Project and Financing Plan, TIRZ #1 i DAVID PETTIT 37 ::conorr c Devi diet new Terms and Conditions Amended Project and Financing Plan, TIRZ #1 38 EXHIBIT /4 TO Ogg. atilt -01c, Page — c o _ of Projects Cost Estimates: All project costs listed in the project plan shall be considered estimates and shall not be considered a cap on expenditures. Length of TIRZ #1 in Years: The TIRZ was originally created with a 30 -year term and was scheduled to terminate on December 31, 2016. Upon amendment, the TIRZ term was extended for an additional 21 years and is now scheduled to terminate on December 31, 2038. Powers and Duties of Board of Directors: The Board shall have all powers granted to it by Chapter 311 of the Texas Tax Code, including powers of a municipality under Chapter 380, Local Government Code. The Board shall not be authorized to: issue bonds; impose taxes or fees; exercise the power of eminent domain; or give final approval to the Zone's project and financing plan. DAVID PETTIT rCG)0GrrA i.ievo- 1{>ffrem ■ APPENDIX A - CURRENT PROPERTY OWNERSHIP Account Owner County Exemption SQFT Improvement Value Land Value Ag exemption Total Value 7681798 HUNT BUILDING CORP Tarrant 100,624 $ $ 60,374 $ $ 60,374 41484460 BREIHAN FAMILYTRUSTA & B Tarrant 14,580 $ $ 174,960 $ $ 174,960 41657292 GRAPEVINE CROSSING HOLDINGS LL Tarrant 20,473 $ - $ 140,445 $ - $ 140,445 41484487 GRAPEVINE CROSSING HOLDINGS LL Tarrant 33,187 $ $ 227,663 $ 227,580 $ 83 41707656 GRAPEVINE CROSSING HOLDINGS LL Tarrant 147,649 $ $ 822,953 $ - $ 822,953 41707664 GRAPEVINE CROSSING HOLDINGS LL Tarrant 224,803 $ 1,578,356 $ 43,882 $ $ 1,622,238 41484509 ENCORE RETAIL DEVELOPMENT CO Tarrant 76,808 $ - $ 1,497,756 $ - $ 1,497,756 41525973 CHESAPEAKE LAND DEV CO LLC Tarrant 20,000 $ $ 1,400 $ $ 1,400 41589696 CHESAPEAKE LAND DEV CO LLC Tarrant 112,000 $ $ 7,840 $ $ 7,840 41480627 LAKE FAMILY TRUST Tarrant 88,202 $ 890,370 $ 1,759,630 $ $ 2,650,000 41480635 LCG GRAPEVINE II LP Tarrant 191,129 $ 3,849,799 $ 2,150,201 $ - $ 6,000,000 41480643 GRAPEVINE PAVILION INVESTMENT Tarrant 52,514 $ 1,095,368 $ 787,710 $ - $ 1,883,078 41480651 GRAPEVINE PAVILION INVESTMENT Tarrant 59,644 $ 1,275,124 $ 894,660 $ - $ 2,169,784 41480678 LCG GRAPEVINE 11 LP Tarrant 231,039 $ 81,923 $ 2,425,910 $ $ 2,507,833 41480686 LCG GRAPEVINE 11 LP Tarrant 55,919 $ - $ 615,109 $ - $ 615,109 40361691 GRAPEVINE DEVELOPMENT III LP Tarrant 185,869 $ 2,220,974 $ 2,091,026 $ - $ 4,312,000 41186532 Tarrant $ - $ - 1603795 GRAP EVI N E CITY OF Tarrant Ex. 185,729 $ 2,872,141 $ 650,052 $ - $ - 41709209 RDSL PROPERTIES MANAGEMENT LLC Tarrant 31,872 $ 176,920 $ 478,080 $ - $ 655,000 41653009 GRAPEVINE EQUITY PARTNERS LLC Tarrant 780,151 $ - $ 4,613,340 $ - $ 4,613,340 40647749 SPEEDWAY GRAPEVINE I LLC Tarrant 48,916 $ 630,192 $ 684,824 $ - $ 1,315,016 07390319 SPEEDWAY GRAPEVINE LLC Tarrant 25,116 $ 34,069 $ 351,624 $ - $ 385,693 4463455 GRAPEVINE EQUITY PARTNERS LLC Tarrant 627,970 $ - $ 627,970 $ - $ 627,970 04463498 CARTER GRAPEVINE PARTNERS ETAL Tarrant 736,600 $ $ 368,300 $ - $ 368,300 4463501 GRAPEVINE EQUITY PARTNERS LLC Tarrant 516,360 $ - $ 1,015,822 $ - $ 1,015,822 4471652 GRAPEVINE CITY OF Tarrant Ex. 442,631 $ $ 818,867 $ - $ - 4471687 NG20LP Tarrant 54,102 $ 42,298 $ 54,102 $ - $ 96,400 4471709 GRAPEVINE CITY OF Tarrant Ex. 12,763 $ - $ 124,439 $ - $ - 6015530 GRAPEVINE CITY OF Tarrant Ex. 22,651 $ - $ 22,651 $ - $ - 41480988 NG 20 LP Tarrant 871,200 $ 871,200 $ - $ - $ 871,200 41558413 GRAPEVINE CITY OF Tarrant Ex. 19,863 $ - $ 193,664 $ - $ - 4488741 GRAPEVINE CITY OF Tarrant Ex. 37,301 $ - $ 363,685 $ - $ - 4488768 GRAPEVINE CITY OF Tarrant Ex. 854,345 $ - $ 8,329,864 $ - $ - 7074581 GRAPEVINE CITY OF Tarrant Ex. 421,269 $ - $ 4,107,373 $ - $ - 07126441 GRAPEVINE CITY OF Tarrant Ex. 362,950 $ - $ 3,538,763 $ - $ - 41287460 COUCH GEORGE W III Tarrant 10,541 $ - $ 25,001 $ 24,975 $ 26 41679210 BILLINGSLEY PIN OAK PRTNS LTD Tarrant 37,009 $ - $ 288,667 $ 288,596 $ 71 41527275 CHESAPEAKE LAND DEV CO LLC Tarrant 30,536 $ - $ 2,138 $ - $ 2,138 41691040 CHESAPEAKE LAND DEV CO LLC Tarrant 120,661 $ - $ 1,085,949 $ $ 1,085,949 6144403 GRAPEVINE CITY OF Tarrant Ex. 307,050 $ - $ 2,993,738 $ $ - 41712013 BCO TURNPIKE DIST CTR M LLC Tarrant 16,117 $ - $ 125,714 $ 125,674 $ 40 03999963 GRAPEVINE CITY OF Tarrant Ex. 12,197 $ 9,038 $ 85,379 $ - $ 3999971 GRAPEVINE CITY OF Tarrant Ex. 5,227 $ 3,873 $ 36,589 $ $ 4502450 GRAPEVINE CITY OF Tarrant Ex. 24,176 $ 36,000 $ 120,880 $ $ 4000013 GRAPEVINE CITY OF Tarrant Ex. 7,841 $ 5,810 $ 54,887 $ - $ - 4515528 CARTER GRAPEVINE PARTNERS ETAL Tarrant 126,324 $ - $ 63,162 $ $ 63,162 65169141010010000 City of Grapevine Dallas Ex. 1,144,234 $ $ 2,574,530 $ $ - 65177243010140100 City of Grapevine Dallas Ex. 30,884 $ $ 7,090 $ $ - 65177243010130100 MORSE MARY KATHLEEN D TR Dallas 71,395 $ - $ 14,280 $ 14,149 $ 131 65165528010050000 MORSE MARY KATHLEEN D TR Dallas 117,612 $ - $ 5,400 $ 5,184 $ 216 Amended Project and Financing Plan, TIRZ #1 39 EXHIBIT- } TOd�L�._oi o Page `f 1_ of -.qA_ rDDAVID PETTIT C000rritt Dc'VLw"Opme'r)i ■ APPENDIX A - CURRENT PROPERTY OWNERSHIP Account Owner County Exemption SQFT ImprovementValue Land Value Ag exemption Total Value 65171553010030000 CROW BILLINGSLEY AIRPORT Dallas 94,983 $ - $ 569,900 $ - $ 569,900 90043000OA01A0000 GRAPEVINE CROSSING HOLDINGS LLC Dallas 95,135 $ $ 570,810 $ 570,636 $ 174 90043000OA02A0000 BREIHAN FAMILYTRUST Dallas 22,913 $ 774,960 $ 137,480 $ - $ 912,440 90043000OA03A0000 GRAPEVINE CROSSING HOLDINGS LLC Dallas 1,655 $ - $ 9,930 $ 9,926 $ 4 65031743010020000 City of Grapevine Dallas Ex. 1,118,577 $ - $ 256,790 $ - $ - 65061421010010000 City of Grapevine Dallas Ex. 3,799,085 $ - $ 13,310,580 $ - $ - 7708823 GRAPEVINE MILLS LTD PRTNSHP Tarrant 144,794 $ 3,641,421.00 $ 868,764.00 $ - $ 4,510,185.00 7708831 GRAPEVINE MILLS LTD PRTNSHP Tarrant 149,063 $ 6,625,622.00 $ 894,378.00 $ - $ 7,520,000.00 7708866 GRAPEVINE MILLS LTD PRTNSHP Tarrant 28,794 $ - $ 172,764.00 $ - $ 172,764.00 41307097 GRAPEVINE MILLS LTD PRTNSHP Tarrant 5,423,176 $ 170,257,995.00 $ 32,539,056.00 $ - $ 202,797,051.00 7066945 NATIONAL RETAIL PROPERTIES INC Tarrant 110,599 $ 1,346,511.00 $ 1,658,985.00 $ - $ 3,005,496.00 7066953 LOGAN GRAPEVINE ASSOCIATES LP Tarrant 184,172 $ 567,420.00 $ 2,762,580.00 $ - $ 3,330,000.00 7161662 GRAPEVINE-LIANG2655 LLC Tarrant 77,872 $ 816,920.00 $ 1,168,080.00 $ - $ 1,985,000.00 7224958 VISION F LLC Tarrant 85,135 $ 822,975.00 $ 1,277,025.00 $ - $ 2,100,000.00 7902875 NATIONAL RETAIL PROPERTIES INC Tarrant 88,601 $ 770,985.00 $ 1,329,015.00 $ - $ 2,100,000.00 7902867 PTT EMPIRE INVESTMENTS CORP Tarrant 125,191 $ 3,223,870.00 $ 1,877,865.00 $ - $ 5,101,735.00 7384920 CJK GRAPEVINE PROPERTIES LLC Tarrant 104,239 $ 886,415.00 $ 1,563,585.00 $ - $ 2,450,000.00 7067003 HALLE PROPERTIES LLC Tarrant 37,331 $ 254,082.00 $ 559,965.00 $ - $ 814,047.00 7067011 TIOS LLC Tarrant 23,610 $ 595,850.00 $ 354,150.00 $ - $ 950,000.00 7224974 ARC CAFEUSA001 LLC Tarrant 53,676 $ 781,906.00 $ 805,140.00 $ - $ 1,587,046.00 40012174 ESTRELLA ENTERPRISES Tarrant 47,984 $ 447,932.00 $ 899,700.00 $ - $ 1,347,632.00 7067046 CHICK-FIL-A INC Tarrant 53,753 $ 267,131.00 $ 1,007,869.00 $ - $ 1,275,000.00 7384831 BUERGE, JOHN R Tarrant 38,898 $ 766,530.00 $ 583,470.00 $ - $ 1,350,000.00 7384904 CNLAPF PARTNERS LP Tarrant 62,467 $ 1,000.00 $ 937,005.00 $ - $ 938,005.00 7384912 STEAK N SHAKE INC Tarrant 54,791 $ 68,081.00 $ 1,027,331.00 $ - $ 1,095,412.00 7227132 MOODY NATIONAL HP GRAPEVINE TR Tarrant 108,488 $ 6,998,144.00 $ 1,301,856.00 $ - $ 8,300,000.00 40459691 W2005/FARGO HOTELS REALTY LP Tarrant 117,495 $ 6,890,060.00 $ 1,409,940.00 $ - $ 8,300,000.00 40459705 GRAPEVINE MILLS RESIDUAL LP Tarrant 101,364 $ - $ 1,013,600.00 $ - $ 1,013,600.00 7384637 GRAPEVINE LODGING PARTNERS LP Tarrant 101,243 $ 5,683,841.00 $ 1,316,159.00 $ - $ 700,000.00 40982319 SHAFIPOUR, NASSER ETUX ETAL Tarrant 64,774 $ - $ 48,581.00 $ - $ 48,581.00 20,633,452 217,171,192 106,059,177 1,266,720 $ 299,840,399 EXHIBIT t+ TO Page -- Of ■ Amended Project and Financing Plan, TIRZ #1 li DAVID PETTIT 40