Consideration and Action regarding Resolution No. 2021-25, Setting a Public Hearing under Section 311.003 of the Texas Tax Code for the Creation of a Tax Increment Reinvestment Zone containing approximately 295.44 acres of Noncontiguous Land generally located north of Bailey Boswell Road, North of McLeroy Boulevard and West of Saginaw Boulevard, and being Wholly located within the Corporate Limits of the City of Saginaw, Texas; Authorizing the Issuance of Notice by the City Secretary of the City

Staff Report & Agenda Item Details

Consideration and Action regarding Resolution No. 2021-25, Setting a Public Hearing under Section 311.003 of the Texas Tax Code for the Creation of a Tax Increment Reinvestment Zone containing approximately 295.44 acres of Noncontiguous Land generally located north of Bailey Boswell Road, North of McLeroy Boulevard and West of Saginaw Boulevard, and being Wholly located within the Corporate Limits of the City of Saginaw, Texas; Authorizing the Issuance of Notice by the City Secretary of the City of Saginaw, Texas, regarding the Public Hearing; and Directing the City of Saginaw, Texas to prepare a Preliminary Reinvestment Zone Financing Plan (Presenter: Bryn Meredith, City Attorney)

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 7.5/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).