PRESENTER: Presenter
Jeff Jewell, Economic and Community Development Director
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SUBJECT: Title
Presentation and discussion of the possible establishment of a Neighborhood Empowerment Zone and Tax Increment Reinvestment Zone in the West End area of New Braunfels.
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DEPARTMENT: Economic and Community Development
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COUNCIL DISTRICTS IMPACTED: 1
BACKGROUND INFORMATION:
Staff will present an overview of NEZ and TIRZ for the West End and how they can be utilized to advance the goals and strategies outlined in the West End Small Area Plan.
ISSUE:
Establishment of NEZ and TIRZ as a source of funding for initiatives in the West End Small Area Plan
STRATEGIC PLAN REFERENCE:
☒Economic Mobility ☒Enhanced Connectivity ☒Community Identity
☐Organizational Excellence ☐Community Well-Being ☐N/A
FISCAL IMPACT:
N/A
Recommendation
RECOMMENDATION:
Staff recommends direction on the establishment of a NEZ and TIRZ for the area.