Public-Private Partnerships Techniques
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Public-Private Partnerships That Work Focus North Texas
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Public-Private Partnerships Techniques
- 1. Public-Private Partnerships – Techniques That Work WILLIAM S. DAHLSTROM, AICP, JD JACKSON WALKER, LLP SCOTT POLIKOV, AICP, JD GATEWAY PLANNING GROUP FOCUS NORTH TEXAS PLANNING SYMPOSIUM January 28, 2011
- 3. Economic Development can be nerve racking.
- 4. THE TOOLBOX Chapter 380 Type A/ Type B TIF/ TIRZ PID Bonds/ CO’s Tax Abatement Nonmonetary Incentives
- 6. Municipality’s record Consultants Other taxing jurisdictions Financial Impact Incentive “Package” Effect of other regulations Authorization/ legal and enforceable General Considerations
- 11. TAX INCREMENT FINANCING Tax Increment Financing is a funding tool used to attract development or redevelopment to areas that are currently not benefiting from private-sector investment or will otherwise be underdeveloped. Texas law allows cities to use tax increment financing in Tax Increment Reinvestment Zones (TIRZ), also called “TIF Districts”.
- 12. TAX INCREMENT FINANCING Courtesy City of San Antonio
- 13. TAX INCREMENT FINANCING Tax Increment Financing is traditionally used to finance new and/or enhanced public improvements and infrastructure. These improvements and infrastructure, in turn, attract additional private investment in surrounding areas.
- 15. TAX INCREMENT FINANCING Other taxing units -- City, County, School District, College District, Hospital District, etc. may also participate by pledging all or a portion of their tax increment.
- 18. TAX INCREMENT FINANCING What’s New?
- 37. Montgomery Farm History: Artistic Heritage
- 45. WATTERS CREEK AT MONTGOMERY FARM
- 50. Taking advantage of regional markets
- 52. Leveraging the transportation network
- 54. Working with the City to fund and design a major anchor Boulevard Verano Plan by Gateway Planning Group and Pate Engineering Campus Plan courtesy of Marmon Mok/Sasaki
- 55. Verano’s projected $2 Billion tax base supports $265 Million 30-Year TIF, providing Infrastructure finance for Austin-San Antonio Rail
- 66. Public-Private Partnerships – Techniques That Work WILLIAM S. DAHLSTROM JACKSON WALKER, LLP SCOTT POLIKOV GATEWAY PLANNING GROUP FOCUS NORTH TEXAS PLANNING SYMPOSIUM January 28, 2011
Notes de l'éditeur
- MMDs are special districts that are self governed, but are approved by the host municipality. Through their fundraising powers they can provide infrastructure and other services within the district according to a district-approved service plan. MMDs can be created, (Ch 375 Local Government Code), through the Texas Commission on Environmental Quality (TCEQ) or by the State Legislature. The MMD does not replace existing city services, but provides supplemental services. They can be disolved by the City Council, property owner petition, or by a vote of its board. The exact powers of the MMD will be determined by the Dallas City Council on a case-by-case basis. Potential funding sources for MMDs include tax exempt bonds, special assessments, property taxes and impact fees. Permitted services include, among others: economic development, health and sanitation, public safety, traffic control, recreation, landscaping, lighting, signs, streets, walkways, drainage and parking facilities.
- Public Art, Public Places Interpreting the Spirit of Place Continuous Arts Program from 1982 to 2002 Site specific instillations influenced by the landscape and landforms A legacy for future generations
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