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Young County trustees discuss joining Albany tax-increment plan, ask staff to revise participation language
Summary
Young County officials reviewed a draft city ordinance and a proposed tax-increment reinvestment zone (TIRZ/TIF) for part of Albany and discussed county representation on the TIRZ board; commissioners asked staff to update the county participation agreement and return it for a future vote.
Young County Commissioners on Monday discussed whether the county should participate in a proposed tax-increment reinvestment zone the City of Albany has drafted. Tom Parker of Omni Economic Development Corporation presented a copy of the city ordinance establishing the TIRZ and the county's proposed participation level, and asked the court to review a draft notice the county could ratify after edits.
Parker told the court that only privately owned properties the developer requests would be subject to annexation and that the TIRZ was defined by a smaller 'solid red line' inside the city's boundary. He said the developer is seeking participation from two other taxing entities in addition to the city, and that the county would have two seats on the TIRZ board if it participates.
Commissioners focused on how the county's seats would be filled. One suggestion, supported in the discussion, was that one county seat be the Precinct 3 commissioner and that the Precinct 3 commissioner nominate a second representative to the commissioners court for election. Commissioners also discussed a preference — raised by the TIRZ organizers — for board members who live within the TIRZ area because those members would receive allocations tied to that territory. Parker cautioned that the city council must still accept county nominations and that the county's suggestions would be subject to city approval.
The court asked staff to revise the participation agreement to clarify the county's two seats and other typographical issues Parker flagged, and to place the revised document on a future agenda for formal consideration and a vote.
