Denison, Texas Tax Increment Reinvestment Zone Number 1 Board of Director's Meeting, March 27, 2026

The City of Denison, Texas Tax Increment Reinvestment Zone Number 1 Board of Directors held a meeting on March 27, 2026, focusing on financial updates and project approvals within the zone. The board reviewed the tax increment growth, noting a 45% increase since the zone's creation, with assessed values rising significantly from 4.7 million in 2020 to an estimated 588 million by 2026. The board discussed reimbursements requested by a developer totaling approximately $110,320.71 for public infrastructure work completed between January and June 2021, as well as a $2,948 reimbursement request for city administrative costs. Both reimbursement requests were recommended for approval by staff. Additionally, the board considered and recommended approval of an updated project plan to add phase five to the Saddle Creek subdivision infrastructure improvements, expected to enhance property values within the zone.