economyEconomic Development

Basic TIRZ Details

Lead Taxing Unit: Amarillo City
County TIRZ Located In: Potter
Reporting year: 2023
Type of Property: Both
Abatement Given: N
Abated Property Account(s): None Reported

Public Project Improvements

Public Buildings and Facilities: Y
Roadwork: N
Economic Development: Y
Infrastructure: Y
Water/Sewer/Drainage: Y
Parking: N
Affordable Housing: Not Reported
Facade Renovation: Y
Historical Preservation: Y
Transit: N
Other Improvements: Y
Other Description: Streetscape (sidewalks, lights, trees)

TIRZ Financials

TIF Fund Balance: $4,253,894

Revenues

Property Tax Increments Received: $1,774,401
Sales Tax Increments: Not Reported
Loans: Not Reported
Sale of Bonds: Not Reported
Sale of Property: Not Reported
Other Revenue: $126,353

Expenditures

Administrative Costs: $5,704
Property Purchased: Not Reported
Public Improvements: $54,600
Facade Renovations: Not Reported
Parking: Not Reported
Historical Preservation: Not Reported
Transit: Not Reported
Affordable Housing: $50,000
Economic Development: $574,947
Other Costs: $143,960

Debt

Bond Principal Debt Due: $110,000
Bond Interest Debt Due: $25,050

TIRZ Property Values

TIRZ Subdivision Name: SubZone 1
Tax Increment Base Value: $139,519,786
Current Captured Appraised Value: $152,987,567
Total Appraised Value: $292,507,353

TIRZ Grand Totals
Tax Increment Base Value: $139,519,786
Current Captured Appraised Value: $152,987,567
Total Appraised Value: $292,507,353

Records

Copy of the agreement
Record ID: 000006507
Previous ID: No previous record

Contact Information

Lead Taxing Unit Name: No Response
Contact Person: No Response
Contact Person's Title: No Response
Phone Number: No Response
Email Address: No Response
Mailing Address: No Response
City: No Response
County: No Response
Zip Code: No Response
Authorized User Name: No Response
Title of Authorized User: No Response
Previous Application ID: Not Applicable

Submission Date: 2024-02-06