TIRZ Board 8-25-26

The City of San Angelo's Tax Increment Reinvestment Zone (TIRZ) Board met on August 25, 2026, to discuss several procurement and funding matters related to local development projects. Key procurement discussions included approval of a six-month extension for the 2830 North Chadburn Suites project due to unforeseen asbestos issues, and consideration of funding requests for multiple north and south area projects. Notably, three north area projects requested $100,000 each, with a 10% applicant match, and the board approved these with clarifications on matching amounts. Additionally, two south area projects were considered: one for $142,530 to improve the River Stage venue, including ADA upgrades and exterior enhancements, and another for $475,000 to renovate a multi-floor building with elevator and window improvements. The board approved full funding for these projects, emphasizing their economic development impact. The meeting also addressed the county's decision to withdraw from the TIRZ program effective October 1, which will reduce available incremental tax funds by approximately 40%, prompting strategic budget reassessments. All approved projects will proceed to the City Council for final approval on September 15, 2026. The board also discussed potential adjustments to its membership due to the county's withdrawal and highlighted ongoing comprehensive planning efforts involving community input.