Agenda

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AI- 52016

Commissioners Court

Meeting Date:	05/02/2022
Anna TIRZ # 6
Submitted By:	Monika Arris
Department:	Commissioners Court
Request Type:	GENERAL

Information

Department Action

Public Hearing, discussion and any action regarding request for County participation in Reinvestment Zone 6 for Tax Increment Financing Pursuant to the Tax Increment Financing Act, Tex. Tax Code Ann. Ch. 311 in Anna, TX. Request to enter into an Inter-local Cooperation Agreement Participation in Anna TIF Zone 6.

Purchasing Department Action

No action by Purchasing.

HR and/or IT Action

Budget Department Action

Request from City of Anna to participate in TIRZ #6 with Collin County to contribute 50% of the tax increment for a period of 30 years. City of Anna Council approved creation of TIRZ #6 in December 2021 with a contribution of 50% of the city's tax increment for 30 years ending on December 31, 2051. Collin County's current tax rate is $0.168087.

Auditor's Office Action

No action by Auditor.

Commissioners Court

Public Hearing - Participation in the City of Anna Tax Increment Reinvestment Zone (TIRZ) No. 6, Commissioner, Precinct 3.

Budget Information

Information about available funds

Budgeted:

Funds Available:

Adjustment:

Amount Available:

Unbudgeted:

Funds NOT Available:

Amendment:

Account Code(s) for Available Funds
1:

Fund Transfers

Remarks:

Attachments
Court Order 2022-412-05-02
Presentation
ILA
letter
TIRZ Request for Participation
City of Anna creation of TIRZ 6