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Council approves TIRZ developer-agreement amendment and several consent resolutions
Summary
Council approved a first amended developer agreement expanding eligible infrastructure projects in the South Gateway TIRZ No. 3 while keeping the maximum rebate unchanged, adopted an alley‑abandonment resolution for a racetrack convenience store site, and authorized grant applications for police pursuit‑mitigation equipment.
Council voted to approve a first amended and restated developer agreement tied to South Gateway Tax Increment Reinvestment Zone No. 3 that adds an additional developer and expands optional qualifying infrastructure projects from the original list; staff said the agreement increases the pool of eligible projects to about $5.7 million while retaining the original maximum rebate amount of $4.67 million. Staff said tiers and participating taxing entities include the City of Amarillo, Potter County and Amarillo College and that captured increment projections were revised in light of recent valuations.
Separately, council adopted a resolution to abandon a recorded but unbuilt public alley at the northeast corner of Interstate 40 and Lakeside Drive to allow a racetrack convenience-store chain to create a unified development site; the developer agreed to dedicate an easement at no cost to cover existing utilities. The council also authorized staff to pursue Justice Assistance Grant and other grant opportunities to purchase StarChase pursuit‑mitigation equipment for police vehicles and approved an updated Equal Employment Opportunity plan for Amarillo City Transit required by the Federal Transit Administration.
The TIRZ amendment passed after staff explained phasing and pro‑rata reimbursement mechanics; councilmembers asked clarifying questions about project identification, carryover balances and the written approval process for reimbursements. The alley abandonment passed with no objections, and the consent resolutions carried by voice vote.
