Tax Increment Reinvestment Zone (TIRZ) No. 2 Board Meeting, 03/31/2026

The City of Laredo, Texas Tax Increment Reinvestment Zone (TIRZ) No. 2 Board held a meeting on March 31, 2026, primarily focused on updates regarding ongoing and planned real estate development projects within the zone. Dr. Rolando Ortiz from Kilum Development provided a detailed briefing on various phases of residential and commercial construction, including lot sales, home pricing, and infrastructure progress such as water and sewer installations. The board discussed upcoming bid opportunities for improvements like a hike and bike trail, with plans to issue bids within the next two weeks and start construction shortly thereafter. Financial reporting was noted as pending further coordination with the finance team, with a potential additional meeting in May 2026 to review fund balances and project updates. No formal votes on contracts or budget allocations were recorded during this session, but the discussion highlighted ongoing capital improvement activities and future procurement actions related to infrastructure enhancements within the TIRZ.