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EDC approves $40,000 contract amendment to update TIRZ/TIRS financing plans
Summary
The Hutto EDC approved a $40,000 contract and budget amendment to engage TXP as a TIRS consultant to finalize project and financing plans for TIRS 2 and TIRS 3; the motion passed 5-0 after discussion of scope and sequencing.
The board considered Resolution R-HEDC-2026-030 authorizing a contract and $40,000 budget amendment to engage a TIRZ/TIRS consultant (TXP) to update and complete final project and financing plans for TIRS 2 and TIRS 3.
Board members discussed scope and sequencing: staff said the engagement will incorporate items that affect the Cottonwood Properties development and include projects that were not part of the current draft plans. One board member asked whether the item under consideration was for TRS 1, TRS 2, or TRS 4; staff clarified it was intended to support TIRS 2 and TIRS 3 planning with TRS 4 next in line.
Board member Snyder moved approval and Board member Porterfield seconded. The Chair called the vote and the motion passed 5-0.
