PINECREST
PROJECT
OVERVIEW
PINE ORANGE LLC
DEVELOPER
Site Location
Original Approved PDP
Currently Approved PDP
Site Plan for Ground Level
Concept Plan - Upper Levels
Inspiration Images
Inspiration Images
Landscape Images
Main Street Conceptual Rendering
Main Street Conceptual Rendering
Retail Rendering
Retail Rendering
Retail Rendering
Retail/Residential Rendering
Town Center Rendering
Judson Kline – Architect
Orange Village Council Person
PINECREST;
An Architectural
Perspective
Orange Village Public Meeting
March 25, 2015
Judson A. Kline, FAIA, NCARB,LEED AP
President, CIVITAD Services, LLC
PINECREST; An Architectural Perspective
The Domain, Austin,
TX
The Domain, Austin,
TX
Kierland TC, Scottsdale,
AZ
Santana Row
Angelica Corner Plano, TX
The Domain, Austin,
TX
• Design the first signal of human intent
• Creating lasting value
• Transforming the Village through design
• Characteristics of place
PINECREST; An Architectural Perspective
• Design the first signal of human intent
PINECREST; An Architectural Perspective
• Creating lasting value
PINECREST; An Architectural Perspective
• Transforming the Village through design
PINECREST; An Architectural Perspective
• Characteristics of place
PINECREST; An Architectural Perspective
• Orange Goes Green Certification Program
– Encouraging
a Sustainable
Project
Orange Goes
Green
Certification
Program
a sustainable
building
strategy
for
– Promoting
Promoting the use
of the OG₃C program
for Commercial
Projects
Pinecrest
Quality of Life for Families
Reduced Carbon Footprint
Community Water Quality
Bio-Diversity
Increased Energy Efficiency
Paul J. Singerman, Esq. - Singerman, Mills,
Desberg & Kauntz Co., L.P.A.
Village Development Counsel
Price D. Finley, Esq. – Bricker & Eckler LLP
Village Public Finance Counsel
Tax Increment Financing
Price D. Finley, Esq.
Bricker & Eckler LLP
March 25, 2015
© 2015 Bricker & Eckler LLP
What is TIF?
 Redirect new tax property tax revenue in connection
with a new development (or redevelopment) away from
normal recipients and toward payment of costs of
improvements that benefit that development
– Infrastructure Improvements
– Direct Development Costs
© 2015 Bricker & Eckler LLP
Increment
 Increase in real estate taxes resulting from
development over and above the value prior
to the date that the development occurred.
 Property owner does NOT receive a tax
break.
 Existing taxes continue to go to taxing
districts (i.e., schools, county, village
continue to receive predevelopment tax
revenues).
© 2015 Bricker & Eckler LLP
TIF Revenue Stream
* “Tax Increment Finance Best Practices Reference Guide” (CDFA and ICSC), page 2.
© 2015 Bricker & Eckler LLP
Why Use TIF?
 Encourage Development
 Facilitate Redevelopment of Existing Sites
 Finance Infrastructure
© 2015 Bricker & Eckler LLP
Uses of TIF Revenue
 Public Infrastructure Improvements
 Land Acquisition
 Demolition
 Utilities
 Debt Service
© 2015 Bricker & Eckler LLP
Specific Features of Pinecrest TIF
 Facilitates redevelopment of site
 Helps developer address unique costs of
development
– Costs of public infrastructure – parking, roads,
streetscape, utilities, sewers, stormwater
management facilities, safety station, public
restrooms, etc.
 No economic risk to the Village or
the School District
© 2015 Bricker & Eckler LLP
Matthew Stuczynski
Village Public Finance Advisor