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Denison TIRZ No. 5 approves $145,000 for park repairs; fund valuations cited as rising
Summary
The TIRZ No. 5 board approved $125,000 for Munson Park parking-lot repairs and $20,000 for Waterloo Lake Park erosion remediation (total $145,000). Staff reported estimated city tax valuations rose from $179.8 million in 2021 to $335.3 million most recently and an ending fund balance of $956,372.40.
The Tax Increment Reinvestment Zone No. 5 board in Denison approved $145,000 in park repairs during a short presentation and vote at Monday’s meeting.
Orlando presented background on TIRZ finances, saying the base city tax valuation in 2021 was $179,788,366 and that the most recent county figure he had was $335,311,476. He cautioned those figures are still estimated and that staff must audit parcels before invoicing…
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