11.20.2025 EDC Agenda Packet
TOWN OF TROPHY CLUB ECONOMIC DEVELOPMENT CORPORATION
REGULAR MEETING AGENDA
November 20, 2025
6:00 PM
Council Chambers
1 Trophy Wood Drive
Trophy Club, Texas 76262
CALL TO ORDER AND ANNOUNCE A QUORUM
PUBLIC COMMENT(S)
This is an opportunity for citizens to address the Board/Commission on any matter pursuant to Texas
Government Code Sec. 551.007. The Board/Commission is not permitted to discuss or take action on any
presentations made concerning matters that are not listed on the agenda. Presentations are limited to
matters over which the Board/Commission has authority. Speakers have up to three (3) minutes or the
time limit determined by the Presiding Officer. Each speaker must have submitted their request to speak
by completing the Speaker’s Form or may email tdixon@trophyclub.org
REGULAR ITEMS
1. Consider approval of the September 22, 2025, Joint Town Council/Economic Development Corporation
meeting minutes and the October 15, 2025, Economic Development Corporation meeting minutes.
2. Discuss the Economic Development Corporation Board's roles and responsibilities.
3. Discuss and consider the appointment of an EDC Board president, vice president, secretary, treasurer,
and assistant secretary.
4. Discuss the Economic Development Corporation members’ role as the TIRZ Board.
5. Discuss state-compliant incentive programs for commercial projects.
ADJOURN
The Board/Commission may convene into executive session to discuss posted items as allowed by Texas Government Code Sections
551.071 through 551.076 and Section 551.087.
Notice is hereby given that a quorum of the Town of Trophy Club Town Council may be in attendance at this meeting. The Town
Council will not deliberate or take any action.
CERTIFICATION
I do hereby certify that the Notice of Meeting was posted on the official bulletin board at the Town Hall for the Town of Trophy Club,
Texas, in a place convenient and readily accessible to the general public at all times on the following date and time: November 10,
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2025, at 2:15 p.m., and said Notice of Meeting was also posted concurrently on the Town’s website in accordance with Texas
Government Code Ch. 551 of the Texas Government Code.
/s/ Tammy Dixon
Tammy Dixon, Town Secretary
If you plan to attend this public meeting and have a disability that requires special needs, please contact the Town Secretary’s Office at
682-237-2900, 48 hours in advance, and reasonable accommodations will be made to assist you.
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ECONOMIC DEVELOPMENT CORPORATION
COMMUNICATION
MEETING DATE: November 20, 2025
FROM: Tammy Dixon, Town Secretary
AGENDA ITEM: Consider approval of the September 22, 2025, Joint Town Council/Economic
Development Corporation meeting minutes and the October 15, 2025,
Economic Development Corporation meeting minutes.
BACKGROUND/SUMMARY: The Town Council and Economic Development Corporation held a
Joint Work Session on September 22, 2025, and the Economic Development Corporation held a
Regular Meeting on October 15, 2025.
BOARD REVIEW/CITIZEN FEEDBACK: N/A
FISCAL IMPACT: N/A
LEGAL REVIEW: N/A
ATTACHMENTS:
1. 09.22.2025 Joint WS TC EDC Minutes
2. 10.15.2025 EDC Minutes
ACTIONS/OPTIONS:
Move to approve the September 22, 2025, Joint Town Council/Economic Development
Corporation meeting minutes and the October 15, 2025, Economic Development Corporation
meeting minutes.
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Town of Trophy Club
Joint Work Session Town Council and Parks & Recreation Board
Meeting Minutes – September 22, 2025, 6:00 p.m.
1 Trophy Wood Drive, Trophy Club, Texas 76262
CALL WORK SESSION TO ORDER
Mayor Tiffany called the work session to order at 6:00 p.m. and the Economic
Development Corporation Board (EDC) at 6:23 p.m. after a quorum of the EDC was
established.
COUNCIL MEMBERS PRESENT
Jeannette Tiffany, Mayor
Rhylan Rowe, Mayor Pro Tem
Stacey Bauer, Council Member Place 1
Jeff Beach, Council Member Place 2
Dennis Sheridan, Council Member Place 3
Garry Ash, Council Member Place 5
Steve Flynn, Council Member Place 6
ECONOMIC DEVELOPMENT CORPORATION BOARD MEMBERS PRESENT
James Calaway, Secretary
Greg Fox (arrived at 6:23 p.m.)
Scott Hinshaw
Joseph Longo
ECONOMIC DEVELOPMENT CORPORATION BOARD MEMBERS ABSENT
Teri Addington, President
Allan Pedersen
Garrett Wallace
STAFF MEMBERS PRESENT
Brandon Wright, Town Manager
Tammy Dixon, Town Secretary
Dean Roggia, Town Attorney
Tamara Smith, Assistant to the Town Manager
Chase Ellis, Director of Parks and Recreation
Jason Wise, Fire Chief
Matt Cox, Director of Community Development
April Duvall, Director of Finance
Denise Deprato, Director of Human Resources
Patrick Arata, Chief of Police
WORK SESSION ITEM
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Town Council/EDC Joint Work Session Meeting Minutes – September 22, 2025 Page 2
1. Presentation and discussion on the small area plan for The Grove at TC. (Tamara
Smith, Assistant to the Town Manager).
Town Manager Brandon Wright presented background on the Small Area Plan for
The Grove at Trophy Club, including its guiding principles—community space,
connectivity, thriving businesses, and flexibility for future development. The discussion
emphasized creating a vibrant mixed-use hub while maintaining adaptability for
developers.
Council and EDC members generally agreed the plan should remain broad enough
to guide development without restricting private sector proposals. Feedback emphasized:
• Avoiding multifamily rental housing, with any residential component limited
to owner-occupied units.
• Ensuring that green space is thoughtfully integrated into commercial
development rather than designated as large stand-alone amenities.
• Maintaining flexibility so the plan serves as a vision and marketing tool to
attract developers, rather than a prescriptive site layout.
• Addressing long-term challenges such as parking and connectivity.
Mayor Tiffany invited public comment. The following residents spoke on potential
impacts to adjacent neighborhoods, including building height, buffering, and traffic:
Richard Beaty, 18 Hillcrest Court
Jan Beaty, 18 Hillcrest Court
Mike Evans, 20 Hillcrest Court
Based on the discussion, staff will revise the draft Small Area Plan to clarify that
any residential within mixed-use development must be owner-occupied, ensure
references to green space reflect thoughtful integration into commercial opportunities,
and maintain the plan as a flexible vision and marketing tool to guide future development.
ADJOURNMENT
Mayor Tiffany adjourned the work session at 7:00 p.m.
____________________________
Jeannette Tiffany, Mayor
Attest:
_______________________________
Tammy Dixon, Town Secretary
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Town Council/EDC Joint Work Session Meeting Minutes – September 22, 2025 Page 3
____________________________
Teri Addington, President
Attest:
_______________________________
Tammy Dixon, Town Secretary
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Town of Trophy Club Economic Development Corporation Meeting Minutes
October 15, 2025, 6:00 p.m., Regular Meeting
1 Trophy Wood Drive, Trophy Club, Texas 76262
CALL TO ORDER
President Addington called the meeting to order at 6:01 p.m.
EDC BOARD MEMBERS PRESENT
Teri Addington, President
Allan Pedersen, Vice President
Greg Fox
Joseph Longo
EDC BOARD MEMBERS ABSENT
James Calaway, Secretary
Scott Hinshaw
Garrett Wallace
STAFF PRESENT
Brandon Wright, Town Manager
Tamara Smith, Assistant to the Town Manager
Tammy Dixon, Town Secretary
PUBLIC COMMENTS
There were none.
REGULAR ITEMS
1. Consider approval of the July 23, 2025, Economic Development Corporation Regular
Meeting Minutes.
Director Longo moved to approve the July 23, 2025, meeting minutes as corrected.
Director Fox seconded the motion.
VOTE ON THE MOTION
AYES: Addison, Pedersen, Fox, Longo
NAYES: None
ABSENT: Calaway, Hinshaw, Wallace
VOTE: 4-0-3
EXECUTIVE SESSION/OPEN SESSION
Pursuant to the Open Meetings Act, Chapter 551, the Economic Development Corporation Board
convened into a Closed Executive Session at 6:01 p.m. and reconvened into Regular Session at
6:18 p.m. in accordance with the Texas Government Code regarding:
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EDC Meeting Minutes – October 15, 2025 Page 2
a. Section 551.087 Deliberation regarding economic development negotiations.
1. Discuss Thrive Business Grant Applications. No Action Taken.
5. Consider approval of submitted grant applications for the approved amounts under the
Thrive Business Grant.
Vice President Pedersen moved to approve the Thrive Business Grant application for
Grace Development #1 in the amount of $20,000 and authorize the Town Manager to
negotiate, and the Economic Development President and Town manager to execute a
performance agreement with the applicant and recommend approval of same to the Town
Council. Director Fox seconded the motion.
VOTE ON THE MOTION
AYES: Addison, Pedersen, Fox, Longo
NAYES: None
ABSENT: Calaway, Hinshaw, Wallace
VOTE: 4-0-3
ADOURN
President Addington adjourned the meeting at 6:19 p.m.
_____________________________
Teri Addington, President
ATTEST:
____________________________
Tammy Dixon, Town Secretary
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ECONOMIC DEVELOPMENT CORPORATION
COMMUNICATION
MEETING DATE: November 20, 2025
FROM: Tamara Smith, MSL, Assistant to the Town Manager
AGENDA ITEM: Discuss the Economic Development Corporation Board's roles and
responsibilities.
BACKGROUND/SUMMARY: The mission of the Trophy Club Economic Development
Corporation (EDC) is to promote economic development within the Town and the State of
Texas in order to eliminate unemployment and underemployment, and to promote and
encourage employment and the public welfare of, for, and on behalf of the town by
undertaking, developing, providing, and financing projects under the Economic Development
Act and as defined in Section 4B of the Act.
The EDC is responsible for designing a strategy each year for the expenditure of the 1/2 cent
sales and use tax receipts received by Trophy Club. These funds may be used for the purposes
defined in the Development Corporation Act.
BOARD REVIEW/CITIZEN FEEDBACK: N/A
FISCAL IMPACT: N/A
LEGAL REVIEW: N/A
ATTACHMENTS:
1. Presentation
ACTIONS/OPTIONS:
This agenda item is being presented for discussion purposes only. No action will be taken by
the Economic Development Corporation Board.
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Economic Development Corporation Board
Roles and Responsibilities
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Purpose and
Authority of the EDC
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The Trophy Club Economic Development Corporation (EDC) was created as
a nonprofit public corporation to:
•Promote, assist, and enhance economic development within the Town of
Trophy Club.
•Eliminate unemployment and underemployment and improve public
welfare.
•Finance and undertake projects that promote commercial, industrial, and
manufacturing growth.
•Carry out activities permitted under Section 4B of the Texas Development
Corporation Act of 1979.
Primary Purpose
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Governance and Oversight
•The Board manages and controls
all property and affairs of the
Corporation.
•It operates subject to Town
Council oversight and in
accordance with the Articles of
Incorporation, Bylaws, and state
law.
Roles and Responsibilities
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Project Planning and Execution
The Board develops, finances, and implements projects designed to promote
economic growth.
These projects may include:
•Infrastructure improvements
•Parks, recreation, and community facilities
•Land acquisition for development
•Industrial or commercial enhancement projects
Roles and Responsibilities
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Budget and Financial Management
The Board prepares an annual budget, submitted
to the Town Council for approval at least 60 days
before the fiscal year begins.
It authorizes expenditures only as approved by
the Town Council.
It manages all corporate funds, ensuring they are
deposited, invested, and used according to Texas
Law and Town policies.
Roles and Responsibilities
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Meeting and Reporting
The Board holds regular and special
meetings to conduct EDC business.
It must report periodically to the Town
Council on financial status and ongoing
projects.
The secretary records meeting minutes
and maintains official EDC records.
Roles and Responsibilities
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Purpose and
Authority of the EDC
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President
•Presides over meetings and directs overall operations.
•Executes documents and represents the EDC in official matters.
Vice President
•Acts in the absence of the President and carries out delegated duties.
Treasurer
•Oversees funds, investments, and accounting.
•Ensures compliance with state financial regulations and Town auding requirements.
Secretary
•Keeps all meeting minutes and records.
•Certifies corporate documents and manages legal correspondence.
EDC Duties
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Functional Duties and Annual Planning
The EDC is also tasked with:
•Designing and executing an annual strategy for the use of sales and use
tax receipts dedicated to economic development. (Budget)
•Submitting an annual economic development plan and oversight report to
the Town Council by August 1st of each year. (Business Plan)
•Engaging in partnerships or agreements to enhance development
opportunities, subject to Council approval.
EDC Duties
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Questions
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social media | email | website
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ECONOMIC DEVELOPMENT CORPORATION
COMMUNICATION
MEETING DATE: November 20, 2025
FROM: Tammy Dixon, Town Secretary
Tamara Smith, MSL, Assistant to the Town Manager
AGENDA ITEM: Discuss and consider the appointment of an EDC Board president, vice
president, secretary, treasurer, and assistant secretary.
BACKGROUND/SUMMARY: According to Article III, Section 1 of the Bylaws of the Trophy Club
Economic Development Corporation, "The Officers of the Corporation shall be a president, vice
president, and secretary and a treasurer, and such other officers as the Board may, from time
to time, elect or appoint."
Section 6, which pertains to the naming of Board members, specifies: "The president, each vice
president, and the secretary shall be named from among the members of the Board. The
treasurer and any assistant secretaries may, at the option of the Board, be persons other than
members of the Board, but they may be employees of the Town."
The EDC meeting scheduled for November 20, 2025, marks the second meeting following the
Council's appointment of the new board members. During this meeting, the board will take on
the task of selecting a board member to serve as the president, vice-president, treasurer,
secretary, and assistant secretary for the term spanning from October 20, 2025, to September
30, 2026.
BOARD REVIEW/CITIZEN FEEDBACK: N/A
FISCAL IMPACT: N/A
LEGAL REVIEW: N/A
ATTACHMENTS:
1. EDC Incorporation
ACTIONS/OPTIONS:
Staff recommends that the EDC Board appoint an EDC Board president, vice president, and
secretary from among the Board members. Additionally, staff recommends the Board
nominate the Town Manager and/or his designee as Treasurer and nominate the Town
Secretary and/or her designee as Assistant Secretary.
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ECONOMIC DEVELOPMENT CORPORATION
COMMUNICATION
MEETING DATE: November 20, 2025
FROM: Tamara Smith, MSL, Assistant to the Town Manager
AGENDA ITEM: Discuss the Economic Development Corporation members’ role as the TIRZ
Board.
BACKGROUND/SUMMARY:
At the June 23, 2025, Town Council Meeting, the Town Council appointed the Economic
Development Corporation (EDC) Board to serve as the Tax Increment Reinvestment Zone (TIRZ)
Board.
The TIRZ is an economic development tool which is designed to attract investment and
redevelopment by dedicating the increase in property tax revenues, known as the tax
increment, to funding public infrastructure improvements. When a TIRZ is established, a base
property value is set. As property values increase due to development, the additional tax
revenue generated from the base is deposited into a dedicated fund. These funds may be used
to finance public improvements and economic development incentives, such as roadway and
utility projects, within the zone. Once the TIRZ expires, all tax revenues revert to the general
taxing authorities.
Background
The Town of Trophy Club formally created TIRZ #1 in 2013 through Ordinance No. 2013-23,
following initial groundwork laid in 2007. The zone encompasses the area surrounding Trophy
Wood Drive and State Highway 114 and is set to expire in 2034, or earlier if specific conditions
are met.
The TIRZ has supported several development projects through developer participation
agreements. Notably, the Bread Winners and HG Sply projects received reimbursements based
on a percentage of the zone’s incremental revenue, with final payments made in December
2024 totaling $1,047,334. As of the end of 2024, the TIRZ fund balance was approximately
$70,000.
Connection to the Small Area Plan
The Small Area Plan includes significant portions of land already located within TIRZ #1. The
same financing structure could be expanded to support future development projects. The TIRZ
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boundary may also be extended to include additional portions of the Small Area Plan area,
subject to approval by both the TIRZ Board and the Town Council.
In addition to TIRZ funding, the EDC maintains a separate tax revenue fund that can serve as a
complementary funding source. As of September 30, 2024, the EDC fund balance was
approximately $2.5 million.
Governance and Structure
The TIRZ Board currently oversees the Tax Increment Financing Plan for the area surrounding
Trophy Wood Drive and SH 114. Under State law, the Town Council may serve as the TIRZ
Board, a practice often used to strengthen fiscal oversight and ensure alignment with municipal
priorities. Alternatively, the EDC Board may continue serving in this capacity, as it has
previously managed the TIRZ.
Although the Town Charter generally prohibits Council Members from serving on other boards
or commissions, State law supersedes that provision for TIRZ Boards, expressly allowing Council
Members to serve. On June 23, 2025, Town Council direction was to appoint the EDC Board
members to the TIRZ Board.
Membership Requirements
The TIRZ Board will consist of eight (8) members, the seven (7) members of the EDC Board, plus
one (1) representative appointed by Tarrant County, if the County opts to participate. This
structure would be authorized under Ordinance No. 2013-23 and the existing interlocal
participation agreement.
Applicable Statute
Texas Tax Code, Section 311.009(a) states:
“The board of directors of a reinvestment zone consists of at least five and not more than
fifteen members... Each taxing unit other than the municipality or county that designated the
zone that levies taxes on real property in the zone may appoint one member of the board if the
taxing unit has approved the payment of all or part of the tax increment produced by the unit
into the tax increment fund... The governing body of the municipality or county that designated
the zone may appoint not more than ten directors to the board; except that if there are fewer
than five directors appointed by taxing units other than the municipality or county, the
governing body may appoint more than ten members, provided the total membership does not
exceed fifteen.”
BOARD REVIEW/CITIZEN FEEDBACK: N/A
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FISCAL IMPACT: N/A
LEGAL REVIEW: N/A
ATTACHMENTS:
1. Presentation
ACTIONS/OPTIONS:
This agenda item is being presented for discussion purposes only. No action will be taken by
the Economic Development Corporation Board.
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Trophy Club Tax Increment Reinvestment
Zone (TIRZ)
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TIRZ Zone
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A Tax Increment Reinvestment Zone (TIRZ) is a special area set up to
encourage new investment and redevelopment.
When property values in the zone go up, a portion of the extra property tax
revenue (called the tax increment) is collected and used to pay for public
improvements—like roads, utilities, and other projects that make the area
better for businesses and residents.
TIRZs help stimulate growth in areas that might not attract development on
their own.
TIRZ Zone
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TIRZ Zone
2014
Anticipated Development
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TIRZ Zone
2025
Developed Zoning Map
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TIRZ Creation and
Financial Standing
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• 2007: Resolution 2007-01 laid
groundwork with tax abatement
guidelines.
• 2013: Ordinance 2013-23 officially
created Reinvestment Zone Number
One.
• 2014: Ordinance 2014-01 approved
the Project and Financing Plan.
• 2016: Ordinance 2016-24 amended
the budget and incentive agreements.
Trophy Club TIRZ Creation
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Trophy Club TIRZ#1
Effective Date: August 19, 2013, after adoption of Ordinance 2013-23
Expiration Date: The earlier of (i) December 31, 2034, or an earlier
termination date designated by an ordinance adopted after the
effective date of this Ordinance or (ii) the date on which all project costs, tax
increment bonds and interest on those bonds have been paid in full.
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TIRZ Developer Agreements
Tract 2, Lot 2R-2 (Bread Winners) with developer OTD, TC, LLC
Zone will pay to Developer the Zone Reimbursement at a rate of 22.4966% of total incremental revenue generated
from the entire Zone for twenty (20) years, or until such time as a maximum principle amount of $592,667.89 and all
interest which Developer had paid to a third party, is paid to Developer in Zone Reimbursements, whichever occurs
first. Such payments shall be collateral and made annually in December.
Tract 1, Lots 1 and 2 (HG Sply) with developer OTD TC Compound, LLC
Zone will pay to Developer the Zone Reimbursement at a rate of 12.5034% of total incremental revenue generated
from the entire Zone for twenty (20) years, or until such time as a maximum principle amount of $407,332.11 and all
interest which Developer had paid to a third party accumulated is paid to developer in zone reimbursements,
whichever occurs first. Such payments shall be made annually in December.
Final payment fulfilling the commitment of the TIRZ paid in December 2024 – Final funds
disbursed $1,047,334.
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TIRZ Fund balance as of 12/31/2024 approx.
$70,000
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TIRZ
Purpose,
Responsibilities,
Term
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The TIRZ Board of Directors is created to help
manage and oversee the development and financial
operations of the Reinvestment Zone Number One in
Trophy Club. The Zone’s goal is to promote economic
development and reinvestment in this specific area
of town.
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Composition of the Board
•The Board consists of five (5) members.
•On June 23, 2025, the Town Council moved to direct staff to change the
membership of the TIRZ board to align with the EDC board members.
•Each taxing unit (Tarrant County) that contributes funds to the TIRZ
may appoint one member but is not required to do so.
•The Town Council appoints the remaining members as needed and
selects the chairperson.
•Members serve staggered two-year, with some initial members
serving one-year terms to start.
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Main Responsibilities
Board member serve in an advisory and planning capacity, not as
independent decision-makers. TIRZ board member duties are:
•Making recommendations to the Town Council on how the Zone is
managed and operated.
•Preparing and adopting a project plan and reinvestment zone
financing plan. (Project Plan was adopted in 2014)
•These plans outline proposed public improvements and the financing strategy.
•Once adopted, the Board submits these plans to the Town Council for approval.
•Overseeing administration and operation of the zone in line with
Chapter 311 of the Tax Code.
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• Public infrastructure improvements
• Incentive agreements for development
• Administrative costs related to TIRZ operation
Approved Uses
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Powers the Board Does Not Have
The Board cannot:
•Issue bonds or other debt instruments.
•Impose taxes or fees.
•Exercise eminent domain (the power to take property for public use).
•Give final approval to the project or financing plan (that power
remains with the Town Council).
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Term and Impact
The TIRZ—and therefore the Board—exists until December 31, 2034,
or until all financial obligations of the Zone are met. The Board plays a
key role in ensuring that the Zone’s projects are implemented
responsibly and in the public interest, while the Town retains final
authority.
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Small Area Plan
1.A significant portion of the land within the Small Area Plan Project
falls under the boundaries of TIRZ #1.
2.TIRZ is a tool to encourage new development and redevelopment.
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Questions
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social media | email | website
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ECONOMIC DEVELOPMENT CORPORATION
COMMUNICATION
MEETING DATE: November 20, 2025
FROM: Tamara Smith, MSL, Assistant to the Town Manager
AGENDA ITEM: Discuss state-compliant incentive programs for commercial projects.
BACKGROUND/SUMMARY:
One of the Town Council’s Strategic Plan objectives for supporting business is to develop
policies that foster a positive business environment and enhance Trophy Club’s commercial
aesthetics and cohesion. As part of this initiative, the Council aims to collaborate with the EDC
to promote state-compliant incentive programs for commercial projects and establish clear
business standards. During the FY 2026 Budget discussion, the EDC allocated $150,000 to
support this effort.
Tonight, the EDC Board will discuss potential focus areas and the types of initiatives the Board
would like to pursue.
BOARD REVIEW/CITIZEN FEEDBACK: N/A
FISCAL IMPACT: For FY 2026, the EDC allocated $150,000 to incentive programs.
LEGAL REVIEW: N/A
ATTACHMENTS:
1. Presentation
ACTIONS/OPTIONS:
This agenda item is being presented for discussion purposes only. No action will be taken by
the Economic Development Corporation Board.
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Incentive Programs
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Definition of Primary Job
A job that is available at a company for which a majority of the products or
services of that company are ultimately exported to regional, statewide, national,
or international markets infusing new dollars into the local economy; and is
included in one of the 16 NAICS sector codes: crop production, animal
production, forestry and logging, commercial fishing, support activities for
agriculture and forestry, transportation and warehousing, correctional
institutions, utilities, scientific research and development services, securities
commodity contracts and other financial investments and related activities,
manufacturing, wholesale trade, management of companies and enterprises,
information, telephone call centers, and mining.
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Grant Incentives
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Authority:Local Gov’t Code §§501.101–505.158
Description:The EDC can provide grants or loans to businesses that create or
retain primary jobs or improve local business conditions.
Requirements:
•Must serve a public purpose (e.g., job creation, economic diversification).
•Must include performance agreements (required by §501.158).
•Recapture or claw-back clauses are required if job targets are not met.
Common Uses:
•Site development or building improvements
•Equipment purchases for expanding industries
•Job creation grants for qualifying employers
Grant Incentives
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Sec. 501.101
PROJECTS RELATED TO CREATION OR RETENTION OF PRIMARY JOBS. In this subtitle, "project" includes the land, buildings, equipment, facilities, expenditures, targeted infrastructure, and improvements that are:
(1) for the creation or retention of primary jobs; and
(2) found by the board of directors to be required or suitable for the development, retention, or expansion of:
(A) manufacturing and industrial facilities;
(B) research and development facilities;
(C) military facilities, including closed or realigned military bases;
(D) transportation facilities, including airports, hangars, railports, rail switching facilities, maintenance and repair
facilities, cargo facilities, related infrastructure located on or adjacent to an airport or railport facility, marine ports, inland ports, mass commuting facilities, and parking facilities;
(E) sewage or solid waste disposal facilities;
(F) recycling facilities;
(G) air or water pollution control facilities;
(H) facilities for furnishing water to the public;
(I) distribution centers;
(J) small warehouse facilities capable of serving as decentralized storage and distribution centers;
(K) primary job training facilities for use by institutions of higher education; or
(L) regional or national corporate headquarters facilities.
Grant Incentives
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Sec. 505.158
PROJECTS RELATED TO BUSINESS DEVELOPMENT IN CERTAIN SMALL MUNICIPALITIES.
(a)For a Type B corporation authorized to be created by a municipality with a population of 20,000 or less,
"project" also includes the land, buildings, equipment, facilities, expenditures, targeted infrastructure, and
improvements found by the corporation's board of directors to promote new or expanded business
development.
(b)A Type B corporation may not undertake a project authorized by this section that requires an expenditure of
more than $10,000 until the governing body of the corporation's authorizing municipality adopts a resolution
authorizing the project after giving the resolution at least two separate readings.
Grant Incentives
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Infrastructure
Incentives
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Authority:Texas Local Gov’t Code §§501.103 and 505.155
Description:The EDC can fund public infrastructure improvements that
directly support new or expanding businesses.
Eligible Projects:
•Streets, drainage, water, wastewater, utilities, broadband, site prep,
parking
•Must be for a qualifying “project” (as defined by statute)
Example:EDC pays for off-site improvements needed for a commercial
development.
Infrastructure Incentives
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Sec. 501.103
CERTAIN INFRASTRUCTURE IMPROVEMENT PROJECTS.
In this subtitle, "project" includes expenditures that are found by the board of directors to be required or suitable
for infrastructure necessary to promote or develop new or expanded business enterprises, limited to:
(1) streets and roads, rail spurs, water and sewer utilities, electric utilities, or gas utilities, drainage, site
improvements, and related improvements;
(2) telecommunications and Internet improvements; or
(3) beach remediation along the Gulf of Mexico.
Infrastructure Incentives
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Sec. 505.155
PROJECTS RELATED TO BUSINESS ENTERPRISES THAT CREATE OR RETAIN PRIMARY JOBS.
For purposes of this chapter, "project" includes land, buildings, equipment, facilities, and improvements
found by the board of directors to promote or develop new or expanded business enterprises that create or
retain primary jobs, including:
(1) a project to provide public safety facilities, streets and roads, drainage and related improvements,
demolition of existing structures, general municipally owned improvements, and any improvements or
facilities related to a project described by this subdivision; and
(2) any other project that the board of directors in the board's discretion determines promotes or develops
new or expanded business enterprises that create or retain primary jobs.
Infrastructure Incentives
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Tax-Related or
Partner Incentives
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Authority:Tex. Loc. Gov’t Code §§380.001 and 381.004
Description:Allows cities or counties to provide grants, loans, or rebates
of taxes/fees to promote economic development.
Use with EDC:
•The EDC can fund or administer parts of a 380 Agreement.
•The Town can layer its 380 tools with EDC grants for a stronger incentive
package.
Example:A property tax rebate combined with EDC-funded infrastructure.
Tax-Related or Partner Incentives
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Sec. 380.001
ECONOMIC DEVELOPMENT PROGRAMS.
(a) The governing body of a municipality may establish
and provide for the administration of one or more
programs, including programs for making loans and
grants of public money and providing personnel and
services of the municipality, to promote state or local
economic development and to stimulate business and
commercial activity in the municipality. For purposes of
this subsection, a municipality includes an area that:
(1) has been annexed by the municipality for limited
purposes; or
(2) is in the extraterritorial jurisdiction of the
municipality.
(b) The governing body may:
(1) administer a program by the use of municipal personnel;
(2) contract with the federal government, the state, a political subdivision of the state, a nonprofit organization, or any other entity for the administration of a program; and
(3) accept contributions, gifts, or other resources to develop and administer a program.
(c) Any city along the Texas-Mexico border with a population of more than 500,000 may establish not-for-profit corporations and cooperative associations for the purpose of creating and developing an intermodal transportation hub to stimulate economic development. Such intermodal hub may also function as an international intermodal transportation center and may be colocated with or near local, state, or federal facilities and facilities of Mexico in order to fulfill its purpose.
Tax-Related or Partner Incentives
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Chapter 381 authorizes counties to establish and administer programs to stimulate business
and commercial activity, and provide loans, grants, or services to businesses or other
entities as economic development incentives.
If the EDC wants to pursue a Chapter 381 partnership with Tarrant County, it can do so
through an interlocal or economic development agreement, and that would allow Trophy
Club to accept and coordinate incentives from the county if they’re working together on a
joint development project.
This is usually done when both the County and Municipality can benefit from the project. Or
they are sharing costs or incentives.
Tax-Related or Partner Incentives
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TIRZ
Incentives
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Authority:Chapter 311, Tax Code
Description:Captures the increase in property tax value (“increment”) in a
zone to fund improvements in that area.
Use with EDC:EDC can co-invest in infrastructure or enhancements in the
zone.
TIRZ Increment
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What is a TIRZ?
A Tax Increment Reinvestment Zone (TIRZ) is a designated area established
to encourage new investment and redevelopment.
It works by capturing the additional tax revenue (tax increments) generated
from increased property values within the zone and reinvesting it to fund
public improvements such as infrastructure, streets, and utilities.
A TIRZ helps stimulate growth in areas that may not otherwise attract timely
private development.
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What is Tax Increment?
When a Town creates a TIRZ, a record is
made of all taxable value of property within
that zone.
The year the TIRZ is created is the base year.
The appraised value of property within the
zone during the base year is the base value.
As development or redevelopment occurs,
the appraised value of the property in the
zone should increase. The difference
between the increased appraised value and
the base value is the captured appraised
value .
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Property Tax
Abatement
Incentives
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Authority: Chapter 312, Tax Code
Description: City, County, or other taxing entities may abate a portion of
property taxes for a set time (usually 5–10 years).
Use with EDC: The EDC can partner to provide supplemental grants or
reimbursements.
Property Tax Abatement Incentives
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Compliance
Checklist
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Confirm the project qualifies under State Law.
Include a written performance agreement.
Obtain Town Council approval when required.
Maintain transparency and reporting for EDC audits and the
Comptroller’s database.
Compliance Checklist
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Questions/Discussion
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