Government
City manager gets higher buying power Frisco’s city manager will be able to approve some purchases under $100,000 on behalf of the city going forward. The policy was approved during a July 2 Frisco City Council meeting and would only apply to the city’s already-budgeted, non-controversial items typically found on council’s consent agenda. The background The city manager purchasing power is only for non-controversial items that were already budgeted for and planned by the city, such as routine maintenance or facility contracts, according to meeting documents. Frisco had been operating under a similar policy for items costing less than $50,000 for the past seven years, according to meeting documents.
The Fields West development can receive up to $94.5 million through a new city incentive agreement.
COURTESY HUNT REALTY INVESTMENTS INC.
Council OKs $95M in incentives for Fields West A city agreement to provide construction incentives could help keep the north Frisco development Fields West on schedule. Frisco City Council members approved a $94.5 million agreement between the city, Frisco Economic Development Corporation, Frisco Community Development Corporation and Fields
West developers during a July 2 meeting. The details
Included in the agreement is a maximum $94.5 million performance-based incentive program to help with the costs to build the public facilities. Council member Tammy Meinershagen said the program will not a ect Frisco taxpayers. The $94.5 million comes from: $7 million in separated materials sales tax grants, $17.5 million quali ed infrastructure grants, and $70 million in Tax Increment Reinvestment Zone No. 7 property tax revenue generated by the project.
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