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Webb County engagement on TIRZ membership progressing; agreement to return to councils for approval
Summary
City staff said the City of Laredo and Webb County are working on a proposed agreement for county participation in the TIRZ board; the draft will go to both county and city councils for approval before implementation.
The City of Laredo and Webb County are negotiating a proposed agreement that would define the county's participation in Tax Increment Reinvestment Zone No. 1, staff told the board on June 10.
Staff said the city legal department is coordinating with the county to finalize terms including board membership, county contribution and the agreement term. "So we will know more, hopefully, within the next couple of weeks before the next meeting of how that's gonna roll out," staff said, adding the agreement will return to the Laredo City Council and then to the county for approval.
No agreement was approved at the meeting; staff framed this item as an update on intergovernmental coordination and expected additional details in upcoming meetings.
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