The current agreement is set to expire in 2024.
During the meeting, Belton City Manager Sim Listi was authorized to enter a professional services agreement with KPA Engineers â a Temple-based firm that was previously hired to provide recommendations for the future of TIRZ.
Under this agreement, KPA Engineers will prepare a legal description of the new TIRZ boundary, develop a project plan and financing plan for the next 20-year time period, and will participate in meetings with the Bell County Commissioners, according to a city of Belton staff report.
âWeâve been working on an update of (TIRZ) ⦠which is basically a geographic area where property taxes are reassigned and utilized on improvements that would benefit private developments within that geographic area,â Jon Simcik of KPA Engineers said during the meeting.