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Taylor council approves amendment to Tax Increment Reinvestment Zone No. 2, removes Lindy Gas parcel from TIF
Summary
The council adopted Ordinance No. 2025-16 to amend boundaries of Tax Increment Reinvestment Zone (TIRZ) No. 2, removing a roughly eight-acre Lindy Gas area from the TIF and redirecting most of its taxable value to the city's general fund.
The Taylor City Council on May 8 voted unanimously to adopt Ordinance No. 2025-16, amending the boundaries of Tax Increment Reinvestment Zone (TIRZ) No. 2 and reducing the city's contribution to the tax increment fund.
City staff described the ordinance as a second amendment to agreements related to Samsung’s development in the TIRZ. The change carves out the Lindy Gas Company portion of the Samsung site—described in the presentation as just under eight acres—from the TIRZ. According to staff, removing the…
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