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New Braunfels OKs policy on special zones

New Braunfels City Council members on Monday adopted a tax increment financing policy that officials say establishes a framework and processes to evaluate the creation of tax increment reinvestment zones in the city and requests for funding potential economic development projects.
Tax increment financing, also known as TIF, is a tool available to municipalities under the stateâs tax code that utilizes incremental property and sales taxes within a defined geographic area to offset the costs of needed public infrastructure to attract additional private investment.
The sidewalk is marked as closed at Town Center at Creekside on Wednesday, Nov. 11, 2020. TIRZ No. 1, also known as the Creekside TIRZ, was established in 2007 to fund capital improvements associated with property development near Interstate 35 and Farm-to-Market Road 306. These improvements include drainage, water, wastewater and roadway projects necessary to serve the development. ....

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Fischer Park brings much to community

Fischer Park brings much to community
herald-zeitung.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from herald-zeitung.com Daily Mail and Mail on Sunday newspapers.

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New city policy could set boundaries around New Braunfels development funding

New Braunfels City Council members on Monday are expected to consider the adoption of a tax increment financing policy.
Tax increment financing, also known as TIF, is a tool available to municipalities under the state s tax code that utilizes the increase in property and sales taxes within a defined geographic area as a source of revenue for public improvements as described in a project and finance plan.
The proposed policy outlines the goals of TIF deployment, as well as establishes expectations and requirements for the level of due diligence that would be undertaken.
According to city officials, the purpose of such due diligence is to provide some reasonable assurance that any project applying for TIF assistance would not occur but for the incentive and that the improvements proposed will be constructed within a reasonable timeframe. ....

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New Braunfels aims to realign terms for boards and commissions

New Braunfels city leaders are looking into realigning the terms of the cityâs boards and commissions so appointments would occur only twice yearly â in the fall or spring.
The city now maintains 31 boards and commissions. Each board and commission have term dates, term lengths and requirements for eligibility unique to the creating ordinance, state law or by-laws of the body.
City Secretary Caitlin Krobot told New Braunfels City Council members on Monday that her office brings board and commission appointments for city council consideration every month of the year except June and July.
âThis process oftentimes can be confusing to the community about when weâre appointing folks, when do the terms start,â Krobot said. ....

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After fire and pandemic, Wurstfest on track for return

After fire and pandemic, Wurstfest on track for return
herald-zeitung.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from herald-zeitung.com Daily Mail and Mail on Sunday newspapers.

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