Print
Back to Calendar
Return
AI- 48409
Commissioners Court
Meeting Date:
06/22/2020
Plano TIRZ #4
Submitted By:
Monika Arris
Department:
Budget/Finance
Request Type:
GENERAL
Information
Department Action
Public Hearing, discussion and any action regarding request for County participation in Reinvestment Zone 4 for Tax Increment Financing Pursuant to the Tax Increment Financing Act, Tex. Tax Code Ann. Ch. 311 in Plano, TX. Request to enter into an Inter-local Cooperation Agreement Participation in Plano TIF Zone 4.
Purchasing Department Action
No action by Purchasing.
HR and/or IT Action
Budget Department Action
Request from City of Plano to participate in TIRZ #4 with Collin County to contribute 50% of the tax increment for a period of 36 years with a maximum reimbursement of $30 million. City of Plano Council approved creation of TIRZ #4 in January 2020 with a contribution of 75% of the city's tax increment for 36 years ending on December 31, 2056. Collin County's current tax rate is $0.174951.
Auditor's Office Action
No action by Auditor.
Commissioners Court
Public Hearing
– Participation in the City of Plano Tax Increment Reinvestment Zone (TIRZ) Number 4, Budget.
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
Attachments
Court Order
Letter
ILA
ordinance
Preliminary Financing Plan
Feasibility Analysis
AgendaQuick©2005 - 2024 Destiny Software Inc., All Rights Reserved