Skip to main content

AgendaQuick™

View Agenda Item

49.
Commissioners Court - Regular Session
Meeting Date:
09/24/2019
Title:
Leander TIRZ - Reimb San Gabriel 9.24.19
Submitted For:
Melanie Denny
Submitted By:
Melanie Denny, County Auditor
Department:
County Auditor
Agenda Category:
Regular Agenda Items

Information

Agenda Item

Discuss, consider and take appropriate action to reserve the reimbursements from the Leander Tax Reinvestment Zone Number One (TIRZ #1) in Road and Bridge fund balance until such time the court would like to designate a Precinct #2 project.

Background

On the July 16th Commissioner Court agenda (item #57), the Commissioners Court approved a reimbursement agreement with the Leander Tax Reinvestment Zone Number One (TIRZ #1).  The County is eligible to receive up to $4.7M for the construction of San Gabriel Parkway.  The Leander TIRZ #1 reimbursed the County $185,179.72 in fiscal year 2019.  This reimbursement was deposited into the Road and Bridge Fund.  This action will set aside $185,179.72 of Road and Bridge fund balance.  When the Leander TIRZ #1 reimburses additional funds for the San Gabriel Parkway, the funds will be set aside and reserved in fund balance until such time the Commissioners Court determines a Precinct #2 project.

Fiscal Impact

Attachments

No file(s) attached.

Form Review

Inbox Reviewed By Date
County Judge Exec Asst. Andrea Schiele 09/18/2019 09:13 AM
Form Started By:
mdenny
Started On:
09/16/2019 12:24 PM
Final Approval Date:
09/18/2019