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AI- 48354
County Judge's Office   6.D.
CC - REGULAR
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