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TIRZ No. 1 board ratifies overdue annual reports, approves minutes and current report
Summary
At its Feb. 10 meeting, the Tax Increment Reinvestment Zone No. 1 Board approved the 10/11/2022 minutes, ratified overdue annual reports for 2022–2024 and approved the current annual report; staff said there are no penalties for late filing but the zone is not currently in compliance and the audit is pending.
The Tax Increment Reinvestment Zone No. 1 Board voted on Feb. 10 to approve meeting minutes from Oct. 11, 2022, ratify annual reports for 2022–2024 and accept the current annual report for the zone.
Assistant City Manager Karen Riggs told the board the annual report is required by Chapter 311 of the Texas Tax Code and described the report’s required…
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