Tax Increment Reinvestment Zone (TIRZ) No. 2 Board Meeting, 07/28/2026

The City of Laredo's Tax Increment Reinvestment Zone (TIRZ) No. 2 Board held a meeting on July 28, 2026, focusing primarily on updates regarding ongoing residential and commercial development projects within the zone. Killam Development representatives presented progress on multiple phases of residential lot development, noting sales, construction status, and anticipated timelines for completion. They also discussed commercial development prospects, including a significant hospital project and potential townhome developments, with infrastructure improvements such as roadways and hiking/bike trails underway. Financial discussions centered on reconciling tax increment projections among the city, county, and college entities to ensure consistent accounting of funds. The board approved a motion to schedule a meeting with all relevant entities to review and align financial data, emphasizing the importance of receiving reports at least a week in advance to facilitate thorough review. No specific contract awards or vendor selections were reported, but the meeting highlighted ongoing capital improvement projects and coordination efforts to support future development and tax increment financing activities.