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Council approves $2.39 million construction-management contract funded by TIRZ revenues
Summary
The council approved a professional services agreement with Brandon CS for construction management of the Parks Plaza project, to be funded by the local tax increment reinvestment zone (TIRZ/TIRS) revenues rather than city general funds.
The Mineral Wells City Council voted unanimously to approve a professional services agreement with Brandon CS for construction management services on the TIRZ/TIRS Parks Plaza project, authorizing an amount not to exceed $2,394,886.46. Council approved the agreement 7–0 during the Sept. 2 meeting.
City staff and a representative of the tourism/TIRZ board explained the TIRZ (tax increment reinvestment zone, also referred to in the meeting as…
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