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The council approved a $2,127,425 budget amendment to fund the purchase of a 2.67-acre parcel at 5790 South Interstate 35. It also approved an economic development project allowing Corinth TIRZ No. 2 to reimburse the Corinth Economic Development Corporation for 50% of the land acquisition costs.
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The approved funding supports the city’s purchase of a 2.67-acre property along South Interstate 35 through its economic development programs. The council also ended Tax Increment Reinvestment Zone No. 3 and dissolved its board and tax increment fund. All three actions received five recorded votes in favor.
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