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Hunt County approves participation in Caddo Mills TIRZ No. 2, contingent on city ordinance
Summary
Hunt County Commissioners voted to approve a resolution to participate in Tax Increment Reinvestment Zone No. 2 created by the City of Caddo Mills, contingent on receipt of the city's ordinance number and a copy of the ordinance; county to participate at 70% with one seat on the TIRZ board.
Hunt County Commissioners Court on Oct. 16 approved a resolution to participate in Tax Increment Reinvestment Zone (TIRZ) No. 2 created by the City of Caddo Mills, contingent on the county’s receipt of the city’s ordinance number and a copy of the ordinance.
County Judge Stovall presided over the special session where Jordan Sawyer, regional director with P3 Works, presented the city’s request and described the TIRZ proposal as a 30-year development program that would cover about 4,100 acres on the east side of Caddo Mills.
The county’s requested participation rate in the TIRZ, as presented, is 70 percent, and the county would have one seat on the TIRZ…
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