Laserfiche WebLink
water and waste water improvements, turning lanes/intersection <br /> improvements, waste water treatment plant enhancements); <br /> c. Land purchase for public facilities and construction of projects that <br /> serve the general public such as overpasses, interchanges <br /> roadway beautification, convention centers, amphitheaters, <br /> marinas, park improvements, etc. <br /> d. Oversizing of infrastructure within the Zone, including water, waste <br /> water, streets (arterial or greater), drainage (major channels and <br /> detention basins) and street lighting. <br /> e. Specialty items such as signage, streetscape/landscape <br /> improvements and including the construction of sound barriers, <br /> buffering landscape between residential and nonresidential uses, <br /> and common recreation areas shall be considered on a case by <br /> case basis. <br /> f. In general, the City will not consider as eligible costs the public <br /> infrastructure or land acquisition costs for individual developments <br /> within the TIRZ boundaries that serve only that development. <br /> g. Exceptions to the policy on eligible costs will be considered on a <br /> case by case basis. <br /> 2. The City may retain funds as provide in Chapter 311.002 of the Tax Code <br /> to be reimbursed for the following: <br /> a. administrative costs attributed to others, plus reasonable charges <br /> for the time spent by employees of the City in connection with the <br /> implementation of the Project Plan and Reinvestment Zone <br /> Financing Plan; <br /> b. the amount of any contribution made by the City from general <br /> revenue for the implementation of the project plan; and <br /> c. payments made at the discretion of the governing body of the City <br /> that the City finds necessary or convenient to the creation of the <br /> Zone or to the implementation of the Project Plan and <br /> Reinvestment Zone Financing Plan. <br /> F. Board of Directors <br /> The Composition of the Board of Directors is determined by the Tax Increment <br /> Financing Act. <br /> For a Commercial Zone (less than 10% of the Zone is currently residential use), <br /> the Board of Directors consist of at least five (5) and no more than fifteen (15) <br /> 7 Revised 5/12/99 <br />