Posting Language
Title
Approve the preliminary project and financing plan for Tax Increment Reinvestment Zone No. 21 (Dog's Head) that will apply to land bounded by the Colorado River, US Highway 183, and State Highway 130. Funding: This item has no fiscal impact.
Body
Lead Department
Austin Financial Services.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
May 21, 2026 - City Council approved?a development agreement with the owner of approximately 2,614 acres of land known as the Dog's Head?area; and annexed the Dog's Head area into the City's full purpose jurisdiction.
For More Information:
Kimberly Olivares, Austin Financial Services, Director, Kimberly.olivares@austintexas.gov.
Additional Backup Information:
The City of Austin, Texas, a Texas home-rule municipality (City) has the authority under Chapter 311, Texas Tax Code, Tax Increment Financing Act (Act) to designate a contiguous or noncontiguous geographic area within the City corporate limits as a tax increment reinvestment zone to promote development or redevelopment of the area. For a zone to qualify under the Act, the governing body of the City (Council) must determine that development or redevelopment within the zone would not occur solely through private investment in the reasonably foreseeable future, that the zone is feasible, and that creation of the zone is in the best interest of the City and the property in the zone.
The City proposes to create Tax Reinvestment Zone (Zone) No. 21 to facilitate development, or redevelopment, by financing the costs of public works, public improvements, programs, and other projects benefiting the Zone, plus other costs incidental to those expenditures, all of which costs are authorized by the Act.
The proposed zone is approximately 2,645 acres of land located in Southeast Austin and adjacent to the East Travis County Market area as depicted in Exhibit A (map attached). The proposed zone is?bounded between the Colorado River, US Highwa...
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