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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 Lindy parcel will divert a large portion of the parcel’s taxable value to the city’s general fund rather than the tax increment fund.
City staff and the mayor characterized the fiscal impact as significant: councilmembers referenced approximately $291 million in taxable value that will flow to the general fund rather than remain in the TIF, and noted the possibility of up to about $2 million in recurring tax revenue annually to the city in future years as that value is realized on certified rolls.
The ordinance was introduced during a public hearing required by state tax code; no public speakers addressed the hearing. City Attorney read the ordinance caption into the record prior to final consideration. The final vote approving Ordinance No. 2025-16 was 5–0.
Mayor Dwayne Areola and city staff thanked Samsung representatives for their cooperation in negotiating the amendment and emphasized the expected near-term fiscal benefit to the city’s budget and future councils’ discretion over how to use the revenue for local infrastructure and services.
The ordinance amends Ordinance No. 2021-30 as previously amended by Ordinance No. 2022-23. Staff said the amendment will be processed with the appraisal district so the change can appear on the next certified appraisal roll if the council’s action is carried out administratively.
No specific dollar appropriation or spending decision was made at the meeting; the action changes the destination of future taxable value under the city’s previously adopted TIRZ and related development agreements.
