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Rowlett council advances downtown projects: TIRZ amended to include municipal complex and planned Main/Lakeview retail approved
Summary
Council adopted an amended downtown TIRZ to include the municipal complex, authorized publication of a notice of intent to issue up to $20 million in certificates of obligation, and approved a planned development at Main Street and Lakeview Parkway that attracted interest from national tenants including First Watch.
Rowlett City Council on Oct. 15 approved several actions to advance downtown and downtown‑adjacent projects, including an amendment to the downtown tax increment reinvestment zone (TIRZ) to add the municipal complex, authorization to publish a notice of intent to issue up to $20 million in certificates of obligation (COs), and approval of a planned development for a 7.73‑acre site at Main Street and Lakeview Parkway.
TIRZ amendment and CO notice: Assistant City Manager Christophe Bauer told the council the TIRZ amendment "does not increase the funded or the debt that's, expected or planned to be issued for the municipal complex project" but provides flexibility in financing. The council voted 5–1 to adopt the amended downtown TIRZ project and financing plan. On a related finance…
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