Title
Ordinance - Public Hearing and First and Final Reading of an Ordinance of the City Council of the City of Mansfield, Texas, Approving an Amended and Restated Project and Finance Plan for Tax Increment Financing Reinvestment Zone Number One, City of Mansfield, Texas; Making Certain Findings; Providing that this Ordinance shall be Cumulative of all Ordinances; Providing a Severability Clause; Providing an Effective Date
Requested Action
Staff is requesting a public hearing and consideration of an ordinance amending the TIRZ 1 Project Plan.
Recommendation
Staff recommends approval.
Description/History
The current boundary for TIRZ 1 is roughly defined at the land between and including Broad Street, State Highway 287, and State Highway 360. This area includes the Canals development, South Pointe, a major portion of the LinQ, and Wisteria Arts.
Justification
This amendment updates the TIRZ 1 Project Plan to include the updated design for the Canals development.
Funding Source
TIRZ 1
Prepared By
Matt Jones, Assistant City Manager