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.