A resolution accepting the FY 2024-2025 Annual Report on the status of Tax Increment Financing Reinvestment Zone Number Seventeen (TOD TIF District or District) and authorizing the City Manager to submit the annual report to the Chief Executive Officer of each taxing jurisdiction that levies taxes on real property in the District and to the State Comptroller, as required by state law - Financing: No cost consideration to the City *In alignment with Economic Development Incentive Policy.

This resolution formally accepts the Fiscal Year 2024-2025 Annual Report for Tax Increment Financing (TIF) Reinvestment Zone Number Seventeen (TOD TIF District). The report details the financial status and accomplishments of the district, which aims to promote transit-oriented development along DART light rail lines. The City Manager is authorized to submit this report to relevant taxing jurisdictions and the State Comptroller, as required by law. The report highlights ongoing projects, financial obligations, and future work programs, including significant investments in mixed-income housing and public infrastructure.

This action is primarily administrative, accepting and submitting a required annual report on the TOD TIF District's activities and financial status. Residents are not directly impacted by this resolution itself, but the report details ongoing economic development projects within the district.

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