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The current agreement is set to expire in 2024. During the meeting, Belton City Manager Sim Listi was authorized to enter a professional services agreement with KPA Engineers â a Temple-based firm that was previously hired to provide recommendations for the future of TIRZ. Under this agreement, KPA Engineers will prepare a legal description of the new TIRZ boundary, develop a project plan and financing plan for the next 20-year time period, and will participate in meetings with the Bell County Commissioners, according to a city of Belton staff report. âWeâve been working on an update of (TIRZ) ⦠which is basically a geographic area where property taxes are reassigned and utilized on improvements that would benefit private developments within that geographic area,â Jon Simcik of KPA Engineers said during the meeting. ....
BELTON â After nearly 20 years since its creation, the Belton Tax Increment Reinvestment Zone is now up for renewal with a proposed $87.4 million in projects over the next two decades. The Bell County Commissioners Court and Belton city officials met during a workshop Monday to discuss the renewal of the zone, which helps fund projects in and around the city. Belton officials came to the county to encourage commissioners to continue being a member of the zone for its renewal. Belton Mayor Wayne Carpenter said the reinvestment zone has had a very positive impact on the city and its businesses. Carpenter said as the city expands further to the south, the expansion of the reinvestment zone will be very valuable. ....