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San Angelo TIRZ board opens Tiers south application window through March 31, 2026; staff cites higher valuations
Summary
The Tax Increment Reinvestment Zone board voted to extend the Tiers south application window through March 31, 2026, following a financial report from staff that cited higher property valuations and rising interest income; the board recorded no public comment and approved the motion by voice vote.
San Angelo’s Tax Increment Reinvestment Zone (TIRZ) board voted to open the south Tiers application window through March 31, 2026, the board announced after hearing a financial report that staff said reflected stronger property valuations and higher interest income.
"This year is 1.5. So that's a $300,000 increase," said Aaron Vannoy, planning and development services director, summarizing the South tier’s updated property valuation compared with the previous year. Vannoy also told the board the South tier’s interest income rose from about 3,000 to 75,000 and that audit reconciliations returned unspent project dollars to the beginning balance.
"Staff is recommending opening the Tiers window from now to March 31," Hannah Morel, a staff member, told the board. Morel said the extended window — about one month longer than the usual two-month period — would allow applicants time to attend at least three Design and Historic Review Committee (DHRC) meetings and make revisions between meetings. She told the board there were several applicants already approved who could be brought forward in January and additional applicants waiting to apply.
Board member Steve moved to open the South Tiers application window through March 31, 2026; Brianne seconded. There was no public comment, and the board approved the motion by voice vote.
Vannoy presented the broader financial picture for both the South and North tiers, saying the North began the fiscal year with a large balance after audits and reported interest income of 176,000, and total allocations giving the North about 3.9 in available funds. He referenced committed private incentives, the Chadbourne Street streetscape project and a trail system approved in 2024 as items affecting the budgets.
Votes at a glance - Approval of Oct. 28, 2025 meeting minutes: Motion moved by an unidentified board member and approved by voice vote. (Individual roll-call tallies not specified.) - Open South Tiers application window through March 31, 2026: Motion by Steve; seconded by Brianne; approved by voice vote. (No individual tallies recorded.) - Motion to adjourn: Approved by voice vote.
During the director’s report, Vannoy introduced Ethan Mason, a College of Business student at ASU, and Ryan Gaddy, who was identified as San Angelo’s new director of economic development. Vannoy thanked staff and the subcommittee chaired by Shirley Spears for completing the Tiers program’s strategic planning. The board set its next regular meeting for Tuesday, Jan. 27, 2026, and adjourned.
The board did not take action on any other items during the meeting.
