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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 incremental property taxes. "The only change between 2017 and 2025 are the dollar amounts," the city manager said during the second-reading presentation, adding that the council had agreed to "increase the city's participation in the [TIRZ] to 85% of the property taxes collected within the district versus 70% that was originally established." The ordinances were described as necessary to fund the road construction that serves the development area.
A second ordinance was presented to create the TIRS board, define rules and regulations for its operation and designate it as the development authority in the district. City staff said the developer's attorney was present to answer legal questions and recommended adoption so the road can proceed.
Both ordinances were approved on second reading without further debate. Council directed the city manager to negotiate and execute amendments to the development agreement, project plan and finance plan as authorized by the ordinances.
Staff noted the amendments include standard severability and open‑meetings findings and that final execution of amended contracts will follow council action. Council approval authorizes the city manager to finalize and sign the documents necessary to implement the amended finance and project plans under Chapter 311 of the Texas Tax Code.
