The Pilot Point City Council approved Tax Increment Reinvestment Zone No. 14 during its Sept. 25 meeting, despite concerns from some members about its location and impact on city services.
The zone is set for a 30-year term with 50% city participation, mirroring past TIRZ agreements.
TIRZ is a type of property used for infrastructure and economic development, including road, water, sewer and drainage projects, all funded by the increase in property values within that zone.
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