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TIRZ preps for bond authorization to help fund Northpark expansion

Nguyen LeJanuary 11, 2019

The Tax Increment Reinvestment Zone 10 continues to make progress on the Northpark Drive expansion project and intersection improvements throughout Kingwood.

TIRZ consultant Ralph de Leon announced that the language for the expansion’s interlocal agreement had been approved and is to be sent to city council, during the Jan. 10 meeting at Kingwood Community Center.

After the TIRZ’s lifespan was extended to 2048 in December, which allows money to be borrowed at a better rate, the approval of the interlocal agreement and an increase in the TIRZ’s debt authorization are the next two items that will require clearance so that the project can advance.

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