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The City Council approved the SH-130 Tax Increment Reinvestment Zone, known as TIRZ 4, and its boundary map and parcel IDs by a 6-1 vote. The Stromberg Public Improvement District hearing was continued to December 18 for additional legal review.
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The approved SH-130 zone will create a tax increment fund and board for the designated area. The Stromberg public improvement district was not decided at this meeting because the council requested more legal review of residential and commercial parcels. Council also directed staff to return with proposed policies for historic-district tax rebates, a property-tax freeze, and facade improvement grants.
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