Rowlett TIRZ No. 3 (Downtown)

Tax Increment Financing

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Tax Increment Financing (TIF) is a tool to finance public improvements within a defined area. The improvements should enhance the environment and attract new investment. The statutes governing tax increment financing are in Chapter 311 of the Texas Tax Code.

A municipality makes an area eligible for tax increment financing by designating a reinvestment zone, also called a tax increment reinvestment zone (TIRZ) or a tax increment financing (TIF) zone. Costs of selected public improvements outlined in the zone’s project and financing plan may be paid by current or future tax revenue flowing from redeveloped or appreciated real property valued in the zone. The additional tax dollars generated by growth of real property value in the zone are called the tax increment. These dollars flow to a fund for a specified number of years. Money flowing into the fund each year is spent according to an approved plan and in accordance with agreements in place with participating governmental units.

The City of Rowlett has two active zones - Tax Increment Reinvestment Zone #3 was established in 2017 to provide a financing mechanism to facilitate high quality development in Downtown Rowlett. The Rowlett City Council acts as the Board of Directors and oversees the Project and Financing Plan. TIRZ #3 is set to expire in the Year 2047.

Meetings

  • Once annually in February or as needed 
  • City Hall
    4000 Main St, Rowlett, TX 75088
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Agendas

Agendas are available prior to the meetings.
Most Recent Agenda | View All

Minutes

Minutes are also available following approval.
Most Recent Minutes | View All

Many archived documents are now available via this website. Agendas and minutes prior to 2008 are located in Laserfiche, a document imaging program used by the City for archived records. Instructions are also provided.

Members

The Tax Increment Reinvestment Zone Number Three Board is comprised of seven regular members appointed by City Council.

Member Position Term Expires
Deputy Mayor Pro Tem Debby Bobbitt
Chair
Term Expires: Continuous
Chair Continuous
Councilmember van Bloemendaal
Vice Chair
Term Expires: Continuous
Vice Chair Continuous
Mayor Gottel
Regular Member
Term Expires: Continuous
Regular Member Continuous
Mayor Pro Tem Dana-Bashian
Regular Member
Term Expires: Continuous
Regular Member Continuous
Councilmember Hargrave
Regular Member
Term Expires: Continuous
Regular Member Continuous
Councilmember Bell
Regular Member
Term Expires: Continuous
Regular Member Continuous
Councilmember Brown
Regular Member
Term Expires: Continuous
Regular Member Continuous

Time Commitment

The Tax Increment Reinvestment Zone Number Three Board meets once a year typically in February of each year or as needed.

Board Responsibilities

The Tax Increment Reinvestment Zone Number Three Board serves in an advisory capacity to the City Council with respect to Tax Increment Reinvestment Zone Number Three matters. Members receive periodic reports on taxes assessed and collected for Zone Number Three, review project costs and project plans, and recommend financing strategies for such plans.