PRESENTER: Presenter
Jeff Jewell, Director of Economic & Community Development
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SUBJECT: Title
Presentation, discussion, and possible action to approve the New Braunfels Tax Increment Reinvestment Zone #4 Project and Finance Plan draft and recommend to the New Braunfels City Council for final adoption.
Header
DEPARTMENT: Economic & Community Development
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COUNCIL DISTRICTS IMPACTED: 2
BACKGROUND INFORMATION:
On November 10, 2025, after a public hearing and first reading, the New Braunfels City Council approved an ordinance establishing the Tax Increment Reinvestment Zone Number Five (TIRZ 4 - Zipp Park) for a duration of 20 years. The TIRZ 4 boundary is comprised of approximately 195.9 acres (including rights of way). The 2025 baseline preliminary taxable property value of TIRZ 4 was approximately $1,050,000.
Per Chapter 311 of the Texas Tax Code, the TIRZ will allow the City to use the incremental increase in property taxes above the base (2025) year collections for designated improvements within the zone area. The Preliminary Project and Finance Plan calls for 85% of the City’s property tax to be directed into the TIRZ fund. The plan identifies eligible projects including parks and streetscape enhancements, public infrastructure improvements, public infrastructure improvements, and economic development grants.
Before City Council can approve a final version of the TIRZ 4 Project and Finance Plan, the TIRZ 4 Board will need to convene and address any edits and necessary revisions. At a future meeting, the TIRZ 4 Board will take formal action to approve the Final Project and Finance Plan and advance the document for City Council approval.
ISSUE:
Review and discuss the Preliminary TIRZ 4 Project and Finance Plan, address edits and revisions, take action to approve, and recommend the Plan to City Council for final adoption.
STRATEGIC PLAN REFERENCE:
☐Economic Mobility ☐Enhanced Connectivity ☐Community Identity
☒Organizational Excellence ☐Community Well-Being ☐N/A
FISCAL IMPACT:
There is no fiscal impact for this item; adopting the Project & Financing Plan is a requirement of establishing a TIRZ.
Recommendation
RECOMMENDATION:
Staff recommend discussion and approval of the Project and Finance Plan - and recommends the document for City Council adoption.