$11 million New Markets Tax Credit transaction for Cartamundi expansion

Authorizes up to $11 million of Dallas Development Fund's $55 million NMTC allocation for an expansion project at 5101 Highland Place Drive, with Regions Bank as investor, at no cost to the City. (Placed on the consent agenda.)

$11M · Vendor: Cartamundi Dallas

Speak up: Individuals who wish to speak under the City Council Rules of Procedure must sign up with the City Secretary's Office. No sign-up deadline is stated. Public hearings will not be heard before 1:00 p.m. The meeting is available by videoconference and on Spectrum Channel 16 and bit.ly/cityofdallastv.