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Council holds first reading of TIRZ #2 amendment to fund parks, trails and road work
Summary
Council held the required public hearing and passed the first reading of an ordinance to enact Tax Increment Reinvestment Zone No. 2 amendment #6, which would fund land acquisition, park/trail improvements and street/bridge upgrades with an estimated $20M for land/park work and $14.06M for lane/bridge projects.
Pearland City Council opened a public hearing Nov. 10 on proposed amendment number 6 to Tax Increment Reinvestment Zone (TIRZ) No. 2 — Shadow Creek Ranch — and approved the ordinance’s first reading by a 7–0 roll call.
Staff explained the zone (created in December 1998) covers about 4,000 acres and has generated roughly $284 million in increment tax value through 2024. The proposed amendment would allow the city to program funds toward land acquisition (including a parcel reportedly owned by the UT Board of Regents, approximately 50 acres), park and trail…
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