- Meeting Date:
- 02/04/2015
- Submitted For:
- Michael Leo
- Submitted By:
- Monica Badillo, EXECUTIVE OFFICE
- Department:
- COUNTY JUDGE
Information
CAPTION
Discussion, consideration, and possible action on a Resolution expressing the intent of Hidalgo County concerning the following three related City of Edinburg Tax Reinvestment Zone projects: (i) participating in Tax Increment Reinvestment Zone Number Four, City of Edinburg, Texas ("TIRZ#4") at a participation rate to be determined by the Court, of the M&O portion of the County’s tax rate, (ii) terminating the Economic Development Agreement relating to The Shoppes at Rio Grande Valley in Tax Increment Zone Number One, City of Edinburg ("TIRZ#1"), and (iii) amending the existing Interlocal Agreement relating to TIRZ#1, including extending the term of TIRZ#1 and adding funding for the TIRZ#4 project; all such actions conditioned upon adoption of revised project plans for TIRZ#1 and TIRZ#4 by the City of Edinburg and the respective zones that are acceptable to Hidalgo County, and negotiation of agreements or amendments related to TIRZ#1 and TIRZ#4 that are acceptable to Hidalgo County.
BACKGROUND
Fiscal Impact
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Purchasing / Internal | Monica Salinas | 01/30/2015 05:20 PM |
- Form Started By:
- Monica Salinas
- Started On:
- 01/30/2015 05:02 PM
- Final Approval Date:
- 01/30/2015