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Board approves financing amendment and three contract actions (items 3—6)
Summary
The Temple TIRZ board approved a financing-plan amendment and authorized three contract actions: an Outer Loop West design amendment, a Santa Fe Market construction change order and a design contract for Power Drive extension.
At its regular meeting, the Temple Tax Increment Reinvestment Zone board voted on four agenda items that required formal board action.
Item 3: Financing-plan amendment
- Motion: Adopt financing-plan amendment to align TIRZ projects with the master plan and FY2025 priorities (agenda item 3). - Outcome: Approved. The chair called for the vote; all present answered "aye," and the motion carried. The amendment reallocates land-acquisition savings and released bond reserves to several projects and directs staff to take a related surety-replacement item to city council.
Item 4: Contract amendment for Outer Loop West phase 2 (agenda item 4)
- Motion: Ratify a recommendation to city council to authorize contract amendment No.…
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