Memorandum CITY OF DALLAS
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1 Memorandum DATE March 23, 2018 CITY OF DALLAS TO Honorable Mayor and Members of the City Council SUBJECT Opportunity Zones As you might be aware, the Tax Cut and Jobs Act of 2017 included the creation of Opportunity Zones to spur investment in economically distressed communities. The Governor was allowed to designate up to 25% of the eligible census tracts in the State of Texas as Opportunity Zones and the designations are effective for 10 years. On March 12, 2018, Mayor Rawlings sent Governor Abbott a letter which included a list of census tracts that the City of Dallas recommended the Governor designate as Opportunity Zones. On Thursday, March 22, 2018, Governor Abbott submitted the state s Opportunity Zone designations to the U.S. Department of the Treasury which included 15 census tracts in the City of Dallas Attached is a map of the census tracts that the Governor designated as Opportunity Zones in the City of Dallas. In addition, the following is a link to Governor Abbott s press release announcing the Opportunity Zone Designations. Should you have any questions or concerns, please contact me. Raquel Favela Chief of Economic Development & Neighborhood Services Attachments c: T.C. Broadnax, City Manager Larry Casto, City Attorney Craig D. Kinton, City Auditor Bilierae Johnson, City Secretary (I) Daniel F. Solis, Administrative Judge Kimberly Bizor Tolbert, Chief of Staff to the City Manager Majed A. Al-Ghafry, Assistant City Manager Jo M. (Jody) Puckett, Assistant City Manager (I) Jon Fortune, Assistant City Manager Joey Zapata, Assistant City Manager M. Elizabeth Reich, Chief Financial Officer Nadia Chandler Hardy, Chief of Community Services Theresa O Donnell, Chief of Resilience Directors and Assistant Directors Our Product is Service Empathy Ethics Excellence Equity
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4 Opportunity Zone Census Tracts Legend Opportunity Zone Areas State Submitted Areas (15 Census Tracts) 12 ") ")DNT Disclaimer: The accuracy of the map data is not to be taken / used as data produced by a Registered Professional Land Surveyor for the State of Texas. For this level of detail, supervision and certification of the produced data by a Registered Land Surveyor or the State of Texas would be required. The City of Dallas makes no representation of any kind, including, but not limited to, warranties of merchantability or fitness for a particular purpose or use, nor are any such warranties to be implied with respect to the information, data or services furnished herein. In no event shall the City of Dallas, nor its employees, officers or agents become liable to users of the data, information or services provided herein, or to any other party, for any loss or damage, consequential or otherwise, including but not limited to time, money or goodwill, arising from the use, operation or modification of the data or information, or for the failure to transmit a copy of any particular document. In using this information or data, users assume the risk for relying on such data or information, and further agree to indemnify, defend, and hold harmless The City of Dallas, and its employees, officers and agents for any and all liability of any nature arising out of or resulting from the lack of accuracy or correctness of the information or data, or the use of the information or data. Further, in using this information or data the user acknowledges that the user is responsible for assessing the accuracy and reliability of the data or information provided, and that it may be subject to error and omission, and is not guaranteed or represented to be true, complete or correct. No person, entity or user shall use this information in a manner that is in violation of any federal, state or local law or regulation. All City of Dallas GIS data electronic or otherwise, and any services which may be provided related thereto, are provided "as-is" without any warranty of any kind, and all warranties on merchantability and fitness for a particular purpose are hereby disclaimed Miles Map Produced: City of Dallas Planning and Urban Design L
5 Opportunity Zone Census Tracts 12 ") 180 Legend Opportunity Zone Areas State Submitted Areas (15 Census Tracts) City Submitted areas Priority 1 (52 Census Tracts) Priority 2 (12 Census Tracts) ")DNT Disclaimer: The accuracy of the map data is not to be taken / used as data produced by a Registered Professional Land Surveyor for the State of Texas. For this level of detail, supervision and certification of the produced data by a Registered Land Surveyor or the State of Texas would be required. The City of Dallas makes no representation of any kind, including, but not limited to, warranties of merchantability or fitness for a particular purpose or use, nor are any such warranties to be implied with respect to the information, data or services furnished herein. In no event shall the City of Dallas, nor its employees, officers or agents become liable to users of the data, information or services provided herein, or to any other party, for any loss or damage, consequential or otherwise, including but not limited to time, money or goodwill, arising from the use, operation or modification of the data or information, or for the failure to transmit a copy of any particular document. In using this information or data, users assume the risk for relying on such data or information, and further agree to indemnify, defend, and hold harmless The City of Dallas, and its employees, officers and agents for any and all liability of any nature arising out of or resulting from the lack of accuracy or correctness of the information or data, or the use of the information or data. Further, in using this information or data the user acknowledges that the user is responsible for assessing the accuracy and reliability of the data or information provided, and that it may be subject to error and omission, and is not guaranteed or represented to be true, complete or correct. No person, entity or user shall use this information in a manner that is in violation of any federal, state or local law or regulation. All City of Dallas GIS data electronic or otherwise, and any services which may be provided related thereto, are provided "as-is" without any warranty of any kind, and all warranties on merchantability and fitness for a particular purpose are hereby disclaimed Miles Map Produced: City of Dallas Planning and Urban Design L
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