TAX INCREMENT REINVESTMENT ZONE NUMBER THIRTEE
CITY OF FORT WORTH, TEXAS
BOARD OF DIRECTORS MEETING
WEDNESDAY, AUGUST 5TH, 2020
Approval of a Resolution Approving Agreement No. 1 to the TIF Development Agreement with Highwoods Village Development LLC, to (i) extend the milestone and completion deadlines, and (ii) revise the Developer’s obligations from a $10,000,000 expenditure in Total Development Costs to $10,000,000 taxable value created by the development as determined by Tarrant Appraisal District.
Highwoods Village located at 6200 Randol Mill Road will be a 43-lot single family community on 10 acres with a $252,000 average home price.
Completion date: December 31, 2024
Milestones/Phases: September 30th 2022, September 30th, 2023 and September 30th, 2024
Development to be appraised at no less than $10,000,000 in final taxable value for the 2025 Tax Year, as determined by Tarrant Appraisal
ECM Development, LLC Website: https://www.ecmdev.com/
David Weekly Homes