The creation of a CID allows private parties - property owners - to assess or tax themselves for improvements and services which benefit the community.
The goal of the Enterprise Zone program is to attract new business and encourage existing business to expand or modernize their operations located within the area.
NIDs are created by property owners in an area with defined limits and boundaries by vote or by petition in order to provide financing for public improvements.
LCRA incentives are designed to encourage investment and assist in the removal of blight and blighting conditions within urban renewal areas. The powers of LCRA are exercised by its Board of Commissioners who are citizens of the city and appointed by the mayor.
Chapter 353 enables a developer to acquire property using the power of eminent domain. Up to the first 10 years, the City can abate all taxes with the exception of the taxes on land.
