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Johnson County approves amended TERS agreement with Cleburne, excludes county participation on residential parcels
Summary
The commissioners unanimously approved an amended joint participation agreement with the City of Cleburne to create TERS 1A. The county will participate only on parcels inside Cleburne city limits and will not participate on residential properties; a tiered contribution schedule and projected taxable value through 2041 were presented.
Johnson County commissioners unanimously approved an amended joint participation agreement with the City of Cleburne to extend and reshape Tax Increment Reinvestment Zone (TERS) No. 1 into a revised TERS 1A, with the county limiting participation to parcels inside the city limits and excluding county participation on residential properties.
The county judge framed the vote as a step toward managed industrial and commercial growth in the Cleburne area, saying the proposal was “a kind of big visionary kind of idea” from the city that opens substantial area for future development. The agreement before the court removes county participation on residential parcels and staggers county and city contributions across a tiered schedule, officials said.
Natalie Ayala, a…
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