Ordinance approving designation of petition-initiated Somerset Grove Tax Increment Reinvestment Zone (TIRZ) Number Thirty-Eight (Somerset Grove #38), located at 9300 IH-35 South and 9400 Somerset Road in southwest San Antonio for a term of 25 years with City’s participation level at 85% in accordance with the provisions of the Tax Increment Finance (TIF) Act, Chapter 311 of the Texas Tax Code. [Lori Houston, Assistant City Manager; Verónica R. Soto, FAICP, Director, Neighborhood and Housing Services]

Committee

City Council A Session

Introduced

June 1, 2021

On agenda

June 17, 2021

Passed

June 17, 2021

Enacted

June 17, 2021

Enactment no.

2021-06-17-0480