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Manor creates Tax Increment Reinvestment Zone No. 2 to finance commercial improvements
Summary
Council adopted Ordinance No. 770 to create TIRZ No. 2, covering about 927.5 acres in the city and extraterritorial jurisdiction; staff said the financing plan in the package is a preliminary estimate that the TIRZ board will revise.
Manor City Council on Dec. 18 adopted Ordinance No. 770 establishing Tax Increment Reinvestment Zone (TIRZ) No. 2 to support financing of commercial improvements within a defined geographic area in the city and its extraterritorial jurisdiction.
Scott Jones, the city's economic development director, told council staff had worked with a consultant to identify boundaries…
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