PCDC refers Rocio Creek tax increment reinvestment zone and concurrent annexation to City Council

The Planning and Community Development Committee on Feb. 7 voted to refer to City Council a petition to create the Rocio Creek Tax Increment Reinvestment Zone (TIRZ) and to consider a concurrent annexation in Council District 3.

The petition, presented by Ian Benavides, Deputy Director of the Neighborhood Housing Services Department, would designate roughly 1,800 acres southeast of the Loop 410 and Sulphur Springs Road intersection. Benavides said the site lies within the East Central Independent School District and is near major employers including HoltCat, H‑E‑B Distribution Center and Apex Sign Group. He described about 795 acres in the eastern half of the proposed area as currently outside city limits and agriculturally exempt.

“The developer through his application is seeking TERS designation and reimbursement for public infrastructure costs associated with the development in an amount up to $156,000,000,” Benavides told the committee, and he recommended that the committee refer the proposal to council for consideration. He said the recommended TIRZ terms would be 25 years with a 70% city participation rate and that, if the developer receives the maximum reimbursement earlier, the TIRZ would terminate.

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