TIF 7: North Tarrant Parkway
Purpose: TIF 7 (North Tarrant Parkway) was created to promote infrastructure improvements for the construction of public thoroughfares, including the North Tarrant Parkway Interchange ramps, frontage roads, and the connecting road from I-35W East to Rainey Lake Road.
Established: Dec. 9, 2003 by City Council; expanded Dec. 9, 2008
Term: The term extends from 2003 until 2019 and will terminate on the earlier of (i) Dec. 31, 2019, or an earlier termination date designated by an ordinance adopted after the effective date of the ordinance, or (ii) the date on which all project costs, tax increment bonds, and interest on those bonds have been paid in full. View the boundary map.
General: This TIF covers 2,103 acres. It is generally bounded to the south at the intersection of I-35 North and Highway 287, to the north by Golden Triangle Boulevard, and along the west by Harmon Road. Mr. Danny Scarth serves as the Chair for TIF 7.
Project and Financing Plan
Approved on Oct. 25, 2005, by the TIF Board and City Council. Download the full plan.
Projects
| Phase I: North Tarrant Parkway / I-35W Interchange | $4,031,414 |
| Phase II: North Tarrant Parkway from I-35W to Rainey Lake Road | $1,777,980 |
| Administrative Expenses | TBD |
| Total TIF Commitment | $5,809,394 |
Anticipated Projects
- North Tarrant Parkway from I-35W to US 287
- NB US 287 Frontage Road
- Harmon Road Improvements
- North Tarrant Parkway from Harmon to SB Frontage Road
- North Tarrant Parkway / US Interchange w/ Harmon Overpass
- US 287 Frontage Road North of Harmon
- US 287 NB Frontage Road Construction
- Heritage Trace Parkway (North 2 lanes)
- North Riverside Drive to South Line of Residential (4 lanes)
- Texas U-Turn on I-35W at Heritage Trace Parkway
Financial Information
| asdf | 7 | 7A | Total |
|---|---|---|---|
| Base Value | $1,283,324 | $314,147 | $1,597,471 |
| 2010 Taxable Value | $168,156,385 | $351,757 | $168,508,142 |
| 2010 Taxable Increment | $166,873,061 | $37,610 | $166,910,671 |
| 2010 City of Fort Worth Contribution | $1,141,412 | $257 | $1,141,669 |
| City of Fort Worth Contribution to Date | $2,948,574 | $257 | $2,948,831 |
| Total Contribution from Entities to Date | $3,936,923 | $257 | $3,937,181 |
Level of Participation by Entity
*Anticipated participation
| City of Fort Worth | 80% |
| Tarrant County Hospital District* | 80% |
| Tarrant County College | 0% |
| Regional Water District | 80% |
| Tarrant County | 80% |
| Keller ISD | 0% |
| Northwest ISD | 0% |
Board Meetings
TIF 7 Board
- Danny Scarth (Chair)
- Gary Fickes (Tarrant County)
- Elva LeBlanc (TCC)
- Linda Christie (TRWD)
- Sal Espino (City)
- Joseph Faust (City)
- Glenn Forbes (City)
- Ken Kristofek (City)
- Russell Laughlin (City)
- Winjie Tang Miao (City)
- Bill Miller (City)
- Randy Moresi (City)
- Neftali Ortiz (City)