Richardson TIF boards review annual reports showing growth and expected DART, developer payments
The Richardson TIF Reinvestment Zone Nos. 2 and 3 board reviewed annual reports showing significant valuation growth in TIF 2 and slower-than-projected gains in TIF 3, discussed pending payments to DART and developers, and set a tentative July meeting to review next year’s budget.
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Chairperson Ron Taylor convened the City of Richardson Tax Increment Financing (TIF) Reinvestment Zone Nos. 2 and 3 board on March 5 to review the two zones’ annual reports and financial positions. The board unanimously approved prior minutes before hearing the presentation.
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