TIRZ #2 (Bayside and Sapphire Bay)

A Tax Increment Reinvestment Zones (TIRZ) 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.

TIRZ #2 was split between the North and South parcels as part of the settlement agreement with Bayside Land Partners. As a result, 50% of all property taxes collected from the North parcel will be used to reimburse projects attributable to the North parcel (Bayside) and 50% of all property taxes collected from the South parcel will be used to reimburse projects attributable to the South parcel (Sapphire Bay). The reimbursements are capped for each parcel.

TIRZ 2 Bayside Project Finance Study (PDF)

Meetings

Once annually and 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

Members

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

Member	Position	Term Expires
Mayor Margolis	Board Member	Continuous
Councilmember Place 1	Board Member	Continuous
Deputy Mayor Pro Tem Winget	Board Member	Continuous
Councilmember Bowers	Board Member	Continuous
Councilmember Britton	Board Member	Continuous
Councilmember Schupp	Board Member	Continuous
Mayor Pro Tem Shinder	Board Member	Continuous

Time Commitment

The Tax Increment Reinvestment Zone Number Two Board meets once a year in June and as needed.

Board Responsibilities

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