Page 153

AGENDA ITEM # 13 KEY FOCUS AREA:

Economic Vibrancy

AGENDA DATE:

April 23, 2014

COUNCIL DISTRICT(S):

Outside City Limits

DEPARTMENT:

Office of Management Services Intergovernmental Services

CMO:

A. C. Gonzalez, 670-3302 Jeanne Chipperfield, 670-7804

MAPSCO:

N/A ________________________________________________________________

SUBJECT An ordinance authorizing an amendment to the Dallas/Fort Worth International Airport’s Code of Rules and Regulations - Appendix I, to include proposed new street names at the Southgate Plaza Development; providing a penalty not to exceed $500; providing a saving clause; providing a severability clause; and providing an effective date – Financing: No cost consideration to the City BACKGROUND Dallas/Fort Worth (DFW) International Airport is requesting that the cities of Dallas and Fort Worth amend DFW Airport’s Code of Rules and Regulations to include proposed new street names at Southgate Plaza Development. Any amendments to the DFW Airport Code of Rules and Regulations need to be approved by the owner cities. The Southgate Plaza 32 acre development site will host a Hyatt Place Hotel, mixed retail and restaurants, and the consolidated DFW Airport Headquarters. Additionally, it will host a United States Postal Services Facility. The new streets proposed will connect these locations to International Parkway and Rental Car Drive. Infrastructure construction at the sites began last summer and is expected to be complete by the end of summer 2014. Hyatt Place Hotel is expected to be complete by the third quarter of fiscal year 2015. The City of Dallas has a tax-sharing agreement with the City of Euless, where the Southgate Plaza is located. Thus, tax revenue from retail, restaurants, and the hotel will be split between the City of Euless and the Host Cities of Dallas and Fort Worth. The City of Euless receives 1/3rd of revenue. The Cities of Dallas and Fort Worth receive 2/3rds of revenue which is split following original owner city contributions with Dallas receiving 7/11ths and Fort Worth receiving 4/11ths.

Finalagenda 04232014 parti  
Read more
Read more
Similar to
Popular now
Just for you