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Zone No. 1 board approves tourist reimbursement agreement with Empire Industrial Park, sends plan to city council
Summary
The Reinvestment Zone No. 1 Board unanimously approved a tourist reimbursement agreement authorizing use of TIRZ revenues to reimburse or pay down a PID assessment tied to a bond for Empire Industrial Park LLC; the action is advisory and requires City of Eagle Pass Council approval.
The Reinvestment Zone No. 1 Board of Directors unanimously approved a tourist reimbursement agreement with Empire Industrial Park LLC and authorized the board chairperson or a designee to execute the agreement, subject to final approval by the Eagle Pass City Council.
Bond counsel Umberto Aguilar said the agreement would allow “the…
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