Anna could add another tax increment reinvestment zone, this one covering roughly 406 acres on both sides of U.S. 75, if council members approve a resolution on their Nov. 17 agenda.
That vote would not create the zone. It would schedule a public hearing on it for 6 p.m. Tuesday, Dec. 8, in the council chamber at the Anna Municipal Complex, 120 W. Seventh St., and direct staff to prepare a preliminary financing plan before that date.
According to the draft, the proposed zone holds about 405.766 acres south of County Road 373 and north of Rosamond Parkway, all inside the city limits. A map of the boundary is attached to the resolution as an exhibit, and the published notice says a copy will be available for inspection at the city secretary's office.
How the hearing works
Chapter 311 of the Texas Tax Code governs these zones and requires a public hearing before one is created. At the Dec. 8 hearing, the draft notice says, anyone may speak for or against including property in the zone, creating it, its boundaries or the idea of tax increment financing in general.
Owners of land inside the boundary will have a chance to protest having their property included. After the hearing closes, the council would consider an ordinance creating the zone.
The notice has to run in a newspaper of general circulation in Anna at least seven days before the hearing.
