Government
BY AMIRA VAN LEEUWEN
Buda City Council creates public improvement district for Persimmon Buda City Council approved the creation of a public improvement district, or PID, along with its first tax increment reinvestment zone, or TIRZ, for the Persimmon development on Sept. 17. The TIRZ is in partnership with Hays County, and will serve as a financial mechanism for supporting the public infrastructure improvements outlined in the development, according to a news release. Per the development agreement, Buda will con- tribute 50% of the city’s property taxes collected for the portion of the project located within city limits and 75% of the city’s property taxes col- lected for the portion of the development located within Travis County. Hays County has also agreed to contribute 50% of the county’s property taxes for the property located within Hays County, according to the news release.
Kyle’s Parks and Recreation offices looks to relocate
By the numbers $266 million in incremental property taxes will be generated over a 45-year period $125 million of those taxes will be retained by the city $250 million is the cost for the proposed public improvements that will be recovered through a special assessment levied within the development
On Oct. 2, Kyle City Council took steps to complete a $3.78 million purchase of proper- ties located at 208 and 246 Republic Drive. Langley said the department’s current space, located at 700 Lehman Road, is overcrowded. The details If the contract is approved, both buildings would house recreation administration and beautification services, providing space for equipment and other inventory, according to agenda documents. Looking ahead The city hopes to close on the properties in November.
SOURCE: CITY OF BUDA/COMMUNITY IMPACT
Explained A TIRZ records all taxable value of property within that geographic area and deposits those funds in a tax increment fund. Revenues from that fund can only be used for the improvement projects located inside the TIRZ, according to the
news release. What’s next?
The TIRZ board will analyze the financial and service plan before the council issues PID bonds.
This Pedestrian Safety Month, the Mobility Authority wants to help you stay two steps ahead. Use these tips to keep walkers, runners and cyclists safe.
MOTORISTS
PEDESTRIANS
• Stay alert at intersections for pedestrians. • Slow down in neighborhoods and school zones. • Avoid distractions like cell phones to stay focused. • Leave space between your car and the crosswalk at stops.
• Look both ways and make eye contact before crossing. • Cross at corners and follow signals. • Walk facing traffic if there is no sidewalk. • Wear high-visibility clothing.
MORE THAN MILES
www.MobilityAuthority.com
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COMMUNITYIMPACT.COM
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