CouncilTrac · Matter
Adopt ordinance expanding TIF Zone No. 1 boundaries and approving updated financing plan
What this is
Council will vote on Ordinance No. 4368, which would formally expand the geographic boundaries of Tax Increment Financing Reinvestment Zone No. 1 and adopt an amended project and financing plan for that zone.
Why it matters
Expanding the TIF zone means more properties will contribute their incremental tax growth to fund reinvestment projects in the area instead of flowing to the general tax base.
Council action
Motion to approve the ordinance as presented
Seconded by Ken Hutchenrider.
7 yes · 0 no
The approved minutes report the tally without a name-by-name roll call.
Timeline
- July 10, 2026 Agenda posted — January 25, 2021 meeting
- January 25, 2021 Vote taken — January 25, 2021 meeting · Approved 7-0
Appearances on agendas
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City Council — January 25, 2021
Adopt Ordinance No. 4368
Official agenda language
CONSIDER ADOPTION OF ORDINANCE NO. 4368, AMENDING ORDINANCE NO. 3582 DESIGNATING TAX INCREMENT FINANCING REINVESTMENT ZONE NO. 1, CITY OF RICHARDSON, TEXAS (THE “ZONE”), AS HERETOFORE AMENDED BY EXPANDING THE BOUNDARIES OF THE ZONE; AND BY ADOPTING AN AMENDMENT TO THE ZONE PROJECT AND FINANCING PLAN.
Documents
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