Council hears first reading to amend TIRZ No. 2, removing parcel from Samsung abatements
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Summary
Council heard the first reading of Ordinance 2025-34 to amend the project and financing plan for Tax Increment Reinvestment Zone No. 2, removing a parcel from prior abatements and returning roughly $290 million in taxable value to the city’s general fund, staff said.
The City of Taylor on Thursday took the first step to amend the project and financing plan for Tax Increment Reinvestment Zone No. 2, a move staff said will remove a parcel from prior tax‑abatement treatment and restore substantial taxable value to the general fund.
Mr. Laborde, speaking for city staff, summarized prior board actions, saying the TIRZ board had already approved revisions and this council was being asked to act in its legislative capacity. He described prior amendments tied to Samsung incentive agreements and noted work earlier this year clarifying repayment thresholds.
Mayor Dwayne Areola framed the change as a significant local win. "This is huge for us," the mayor said, saying the amendment will move about "290,000,000 worth of value into our general fund." He credited staff and council work to secure the change.
The ordinance was introduced for first reading as Ordinance 2025-34, described in the packet as "an ordinance of the city council, City of Taylor, Williamson County, Texas, approving the 2025 amended and restated project and financing plan for Tax Increment Reinvestment Zone Number 2." Staff said the substantive change is the removal of Linde (Lindy) Gas from the zone's abatements.
The matter was presented as an administrative follow-up to previous TIRZ board and council actions; council members had no questions on the ordinance at the first reading. Staff indicated the item is a final step needed to file an updated plan with the comptroller.
Next steps: the item remains at first reading tonight; council will consider subsequent readings and final adoption under the city's ordinance schedule.
