Ask AI
Opens the assistant with a question about this page. Answers come from the AI, not this site.
ChatGPTClaudePerplexity· Related development
TIRZ #3 board approves its final project and financing plan, first budget and incentive policy
The TIRZ #3 board unanimously approved the zone's FY2023-24 budget, the final project and financing plan, and a tax increment financing policy and procedures, and chose a logo. Asked whether an annexation agreement was needed first, staff said the plan could be approved and the City would later work with each property owner on annexation. The council adopted the plan as Ordinance No. 8081 in September 2023.[1]
Jimmy LackeyAndrew FreemanLaura Storrs
What the sources say
- ✓ Verified
On August 3, 2023 the TIRZ #3 board approved, each by a motion that "passed unanimously," the FY23-24 TIRZ #3 annual budget (presented by Assistant City Manager Laura Storrs), the TIRZ #3 Final Project and Financing Plan, and the TIRZ #3 Tax Increment Financing Policy and Procedures. Asked about new properties, Freeman said "base value stays with the taxing entity and the tax increment on any new construction is placed in the Tax Increment Fund." On annexation, he said the plan "can be approved now and, at a later date, the City will work with each property owner to annex their property." [1]
