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Reinvestment Zone No. 1 board adopts final TIRZ project and finance plan; plan moves to city council
Summary
The board unanimously adopted the final tax increment reinvestment zone (TIRZ) No.1 project and finance plan, which finalizes boundaries, tax increment rates and the related PID assessments; staff said the plan was required under the tax code and will be considered by the City of Eagle Pass Council the same evening.
The Reinvestment Zone No. 1 Board of Directors unanimously adopted the final tax increment reinvestment zone (TIRZ) No. 1 project and finance plan and forwarded it to the City of Eagle Pass Council for final action.
Mary Petty, a staff member participating remotely, told the board the final plan “finalizes the…
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