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Council approves city responses to county requests for proposed London-area TIRZ, adds annual admin reimbursement cap
Summary
The council approved the city's formal responses to Nueces County on a proposed Tax Increment Reinvestment Zone (TIRZ) for the London area and amended the city position to clarify that administrative cost reimbursement from county would be limited to up to $50,000 per year based on documented staff time and resources.
The City Council voted to approve staff responses to terms proposed by Nueces County for an interlocal agreement related to a proposed London‑area Tax Increment Reinvestment Zone (TIRZ) and approved a staff amendment clarifying administrative cost reimbursement.
Heather Holverson and other staff explained the TIRZ structure: the city creates the TIRZ and then other taxing entities (county, school district, special districts) decide whether to participate via an interlocal agreement. City staff said the county had submitted requested…
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