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A. Conduct a public hearing under Section 311.003 of the Texas Tax Code to consider approving a second amended Project Plan and Reinvestment Zone Financing Plan for Gus Thomasson Tax Increment Finance Reinvestment Zone (TIRZ) No. Eight, City of Mesquite, Texas ("the Zone"), increasing the total estimated project costs for the Zone, making a finding of feasibility, and other related matters.
B. Consider an ordinance approving a second amended Project Plan and Reinvestment Zone Financing Plan for Gus Thomasson Tax Increment Finance Reinvestment (TIRZ) Zone No. Eight, City of Mesquite, Texas ("the Zone"), increasing the total estimated project costs for the Zone, making a finding of feasibility, providing a repealer clause, providing a severability clause, and providing an effective date.
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On December 18, 2017, the City Council approved an amended Project Plan and Reinvestment Zone Financing Plan for the Gus Thomasson Tax Increment Finance Reinvestment Zone (TIRZ) No. Eight to expand the contiguous boundaries of the Zone southwest along IH-30 to Big Town Boulevard, and south along Motley Drive to the North Town East Boulevard and Motley Drive intersection, and to update projected revenues and project expenditures.
On May 5, 2025, the TIRZ Board of Directors adopted a second amended Project Plan and Reinvestment Zone Financing Plan to update the Project Plan since it was last updated on December 18, 2017. The updated Project Plan includes $185,000.00 for the North Gus Thomasson Road Corridor Study that Council will consider approving on May 5, 2025, as well as several incentive projects related to Chapter 380 Economic Development agreements entered with developers who have either undertaken or will undertake redevelopment or new development projects within the Zone.
Amendments to a TIRZ Project and Financing Plan can only take effect upon approval by the City Council. In addition, State law requires the City Council to hold a public hearing before appr...
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