CITY OF MANSFIELD - File #: 23-5335

• File #: 23-5335
• Version: 1
• Name: An Ordinance of the City Council of the City of Mansfield, Texas, Amending the Boundaries of Tax Increment Financing Reinvestment Zone Number One, City of Mansfield, Texas; Approving an Amended and Restated Final Project and Finance Plan for Tax Increment
• Type: Ordinance
• Status: Passed
• File created: 4/28/2023
• In control: City Council
• On agenda: 5/8/2023
• Final action: 5/8/2023
• Title: Ordinance - Public Hearing and First and Final Reading on an Ordinance of the City Council of the City of Mansfield, Texas, Amending the Boundaries of Tax Increment Financing Reinvestment Zone Number One, City of Mansfield, Texas; Approving an Amended and Restated Final Project and Finance Plan for Tax Increment Financing Reinvestment Zone Number One, City of Mansfield, Texas; Making Certain Findings; Providing a Severability Clause; and Providing for an Immediate Effective Date
• Sponsors: Matt Jones

Date	Ver.	Action By	Action	Result
5/8/2023	1	City Council	Approved on First and Final Reading	Pass

Title

Ordinance - Public Hearing and First and Final Reading on an Ordinance of the City Council of the City of Mansfield, Texas, Amending the Boundaries of Tax Increment Financing Reinvestment Zone Number One, City of Mansfield, Texas; Approving an Amended and Restated Final Project and Finance Plan for Tax Increment Financing Reinvestment Zone Number One, City of Mansfield, Texas; Making Certain Findings; Providing a Severability Clause; and Providing for an Immediate Effective Date

Requested Action

Approve the boundary extension for TIRZ #1.

Recommendation

Staff recommends the approval of the Ordinance.

Description/History

The Ordinance approves the boundary extension, to include approximately 70 acres.

Justification

The boundary should be extended to provide an opportunity for reinvestment.

Funding Source

N/A

Prepared By                   

Matt Jones, Assistance City Manager