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Converse council approves amended TIRZ participation and establishes TIRS board authority for road project
Summary
Council adopted second readings to amend development agreements and finance plans for the city’s tax increment reinvestment zone, increasing the city's participation percentage and creating a TIRS board to act as the development authority for planned road construction.
The City Council of Converse on May 6 approved second readings of two ordinances amending prior 2017 tax increment reinvestment zone (TIRZ) agreements and establishing a TIRS board to serve as the development authority for a project west of NE Loop 1604 and north of I‑10 East.
City staff said the amendments do not change project limits or developer responsibilities, but adjust the financial share the city will capture from…
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