5.b.
Commissioners Court Meeting
- Meeting Date:
- 01/13/2025
- Title:
- Establish New Custodial Fund for City of Laredo TIRZ #1 & Gateway MUD
- Submitted for:
- Angelica Morales
- Submitted By:
- Angelica Morales
- Department:
- Auditor
Subject:
Discussion and possible action to establish a new custodial funds for City of Laredo Tax Increment Reinvestment Zone (TIRZ) #1 and Gateway Municipal Utility District #1.
Issue: A new custodial funds are required to properly allocate the distribution of receipts for City of Laredo Tax Increment Reinvestment Zone (TIRZ) #1 and Gateway Municipal Utility District #1.
Solution: Establish a separate custodial fund to recognize the amount attributable to City of Laredo Tax Increment Reinvestment Zone (TIRZ) #1 and Gateway Municipal Utility District #1.
Result: Establish a separate custodial funds to recognize the amount attributable to City of Laredo Tax Increment Reinvestment Zone (TIRZ) #1 and Gateway Municipal Utility District #1.
Issue: A new custodial funds are required to properly allocate the distribution of receipts for City of Laredo Tax Increment Reinvestment Zone (TIRZ) #1 and Gateway Municipal Utility District #1.
Solution: Establish a separate custodial fund to recognize the amount attributable to City of Laredo Tax Increment Reinvestment Zone (TIRZ) #1 and Gateway Municipal Utility District #1.
Result: Establish a separate custodial funds to recognize the amount attributable to City of Laredo Tax Increment Reinvestment Zone (TIRZ) #1 and Gateway Municipal Utility District #1.
Background:
N/A
Previous Court Action:
N/A
Fiscal Impact
- Budget Account Number:
- n/a
- Funding Source:
- n/a
- Balance:
- 0
Financial Impact:
n/a