PRESENTER: Presenter
Jeff Jewell, Director of Economic & Community Development
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SUBJECT: Title
Presentation and discussion on the New Braunfels Tax Increment Reinvestment Zone #5 Preliminary Project and Finance Plan
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DEPARTMENT: Economic & Community Development
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COUNCIL DISTRICTS IMPACTED: 1
BACKGROUND INFORMATION:
The West End Area Plan recommended the creation of a Tax Increment Reinvestment Zone to help establish a dedicated source of funding for future projects within the West End area.
After a public hearing and first reading, City Council approved an ordinance establishing the Tax Increment Reinvestment Zone Number Five (TIRZ 5 - West End) on October 27, 2025 for a duration of 25 years. The TIRZ 5 boundary is comprised of approximately 156.45 acres (including rights of way). The 2025 baseline preliminary taxable property value of TIRZ was approximately $91,970,582.
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, parking improvements, and economic development grants.
Before City Council can approve a final version of the TIRZ 5 Project and Finance Plan, the TIRZ 5 Board will need to review the plan and address any edits and necessary revisions. At a future meeting, the TIRZ 5 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 5 Project and Finance Plan and address edits and revisions
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 presentation.
Recommendation
RECOMMENDATION:
Staff recommends discussion on the preliminary Project and Finance Plan by addressing edits and revisions. The preliminary plan will require action from the TIRZ 5 Board, at a future meeting, to advance the document to City Council for final approval.