The Herald Banner, Greenville, TX

Top News

January 6, 2013

Council slated to re-appoint two to board

GREENVILLE — The Greenville City Council intends this week to return two members to a panel designed to assist economic development across much of the city.

The Council is scheduled to reappoint Angel Delgado and George Lacy to the Tax Increment Reinvestment Zone (TIRZ) Advisory Board, with the vote included as part of the regular session agenda, starting at 6 p.m. Tuesday in the Municipal Building, 2821 Washington Street. A work session is also set for 5 p.m. Tuesday.

The seven-member TIRZ Board of Directors was created in 2009 to make recommendations to the Council regarding the administration of the TIRZ. Four members were reserved for the city, with the other three positions being reserved for Hunt County, the Greenville Independent School District and the Hunt Memorial Hospital District.

Delgado in Place 2 and Lacy in Place 4 are eligible for reappolntment and both have expressed a desire to return to the board.

Tax increment reinvestment, also known as tax increment financing, uses a portion of the taxes assessed on increased property values to help repay the investment used to install the infrastructure needed in the zone.

The City of Greenville’s TIRZ  No. 1 covers approximately 1,900 acres stretching from the Interstate 30 corridor, then north along Wesley Street into and along either end of downtown.

The TIRZ pays for public infrastructure improvements, such as water and sewer lines and roads, within the area identified for development.

The plan would dedicate $3.8 million toward infrastructure for the proposed Greenville Towne Center project, $7.8 million toward improvements for commercial projects in and around the Monty Stratton Parkway, $9.9 million for city infrastructure in and near the parkway, $6.2 million for improvements to Traders Road and $11.9 million for downtown redevelopment, including street improvements and the establishment of a Dallas Area Rapid Transit (DART) station.

1
Text Only
Top News
House Ads
Featured Ads
Poll

What's been the primary cause of the Texas Rangers' poor first half of the 2014 baseball season?

Too many injuries
The loss of Nolan Ryan in the front office
Questionable decisions by general manager Jon Daniels
On-field decisions by manager Ron Washington
Key players just aren't producing
All of the above
     View Results
Facebook
AP Video
Judge Ponders Overturning Colo. Gay Marriage Ban Airlines Halt Travel to Israel Amid Violence NYPD Chief Calls for 'use of Force' Retraining VA Nominee McDonald Goes Before Congress Bush: Don't Worry, Sugarland Isn't Breaking Up US Official: Most Migrant Children to Be Removed Police Probing Brooklyn Bridge Flag Switch CDC Head Concerned About a Post-antibiotic Era Raw: First Lady Says `Drink Up' More Water Courts Conflicted Over Healthcare Law Holder Urges Bipartisanship on Immigration Raw: Truck, Train Crash Leads to Fireball US Airlines Cancel Israel Flights Obama Signs Workforce Training Law Crash Victims' Remains Reach Ukraine-held City Diplomatic Push Intensifies to End War in Gaza Cat Fans Lap Up Feline Film Festival Michigan Plant's Goal: Flower and Die Veteran Creates Job During High Unemployment
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Real Estate News