Fillable Form 50-806: Tax Increment Finance (TIF) Registry (City of Taylor)

Fill Online, Printable, Fillable, Blank Form 50-806: Tax Increment Finance (TIF) Registry (City of Taylor) Form

Use Fill to complete blank online CITY OF TAYLOR (TX) pdf forms for free. Once completed you can sign your fillable form or send for signing. All forms are printable and downloadable.

Form 50-806: Tax Increment Finance (TIF) Registry (City of Taylor)

On average this form takes 20 minutes to complete

The Form 50-806: Tax Increment Finance (TIF) Registry (City of Taylor) form is 3 pages long and contains:

  • 1 signature
  • 16 check-boxes
  • 67 other fields

Country of origin: US
File type: PDF

U.S.A. forms for City of Taylor

BROWSE CITY OF TAYLOR (TX) FORMS

Related forms
Fill has a huge library of thousands of forms all set up to be filled in easily and signed.
Fill in your chosen form
Sign the form using our drawing tool
Send to someone else to fill in and sign.
find another form
 
Texas Comptroller of Public Accounts
Data Analysis and
Transparency
Form 50-806
Tax Increment Finance (TIF) Registry
Annual Report by Municipality or County
PLEASE PRINT OR TYPE, DO NOT WRITE IN SHADED AREAS.
Please ll out the complete form and attach other documentation (See Instructions on page 2.)
FOR COMPTROLLER USE ONLY
STEP 1: Contact Information
___________________________________________________________________________________________________
Designating City or County
__________________________________________________
Contact Person Title
_______________________________________________
___________________________________________________________________________________________________
Current Mailing Address
_____________________________________
City County ZIP Code
______________________________
(number and street)
_____________________________________
________________________________
Fax Number Email Address
_____________________
_________________________________
Phone (area code and number)
STEP 2: Tax Increment Reinvestment Zone Information
1. TIF Reinvestment zone name: _____________________________________________________________________________
DO NOT USE ORDINANCE OR RESOLUTION NUMBERS FOR ZONE NAME
2. Report for scal year beginning _______________ and ending _______________ .
3. Size of the TIF reinvestment zone in acres: ..................................................... ________________________
4. Has the size of the zone increased or decreased since creation?:
Yes
No
5. If you answered “Yes” in question #4, please indicate which?
Increased
Decreased
6 Property types:
Residential
Commercial/Industrial
7. Types of improvement projects (check all that are in progress or have been completed):
Public Projects
Public Buildings and Facilities
Water/Sewer and Drainage
Roadwork
Parks
Other Infrastructure: _____________________________________
Other Projects
Facade Renovation
Transit
Parking
Affordable Housing
Historical Preservation
Economic Development
Other: _______________________
8. TIF fund balance: .......................................................................... $ _______________________
9 List of fund revenues:
Total tax increments received ...............................................................
Sales tax increments ......................................................................
$ _______________________
$ _______________________
$ _______________________Loans ..................................................................................
Sale of bonds ...........................................................................
Sale of property ..........................................................................
Other ..................................................................................
$ _______________________
$ _______________________
$ _______________________
TOTAL ANNUAL REVENUES $ _______________________
No Back-up
Complete
TIF ID
Log year
Back-up Incomplete
Date rec’d
#
No Form Submitted
The Data Analysis and Transparency Division at the Texas Comptroller of Public Accounts
provides information and resources for taxpayers and local taxing entities.
For more information, visit our website:
comptroller.texas.gov/economy/local/ch311
50-806 • 6-18/6
City of Taylor
Tom Yantis
Asst. City Manager/Director of Development Services
400 Porter Street
Taylor
Williamson
76574
512-365-5990
tom.yantis@taylortx.gov
City of Taylor TIRZ #1
10/1/2017
9/30/2018
128
✔
✔
✔
✔
✔
734,962.86
280,418.39
10,311.05
290,729.44
Texas Comptroller of Public Accounts
Data Analysis and
Transparency
Form 50-806
For more information, visit our website: comptroller.texas.gov/economy/local/ch311/
Page 2
50-806 • 6-18/6
10. List of fund expenditures:
Administrative ...........................................................................
Property purchased .......................................................................
Public improvements ......................................................................
$ _______________________
$ _______________________
$ _______________________
Facade renovations .......................................................................
Parking ................................................................................
Historic preservation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ _______________________
$ _______________________
$ _______________________
Transit .................................................................................
Affordable housing ........................................................................
$ _______________________
$ _______________________
Economic development programs ............................................................ $ _______________________
$ _______________________
$ _______________________
Other ..................................................................................
TOTAL ANNUAL EXPENDITURES
11. Bonded indebtedness:
Principal due ............................................................................
Interest due .............................................................................
$ _______________________
$ _______________________
Fill out the three lines below if the TIRZ IS NOT divided into multiple subdivisions. If the zone is divided into multiple subdivisions: (a) identify the name of
each subdivision/section and (b) identify the TIRZ values, tax increment base and captured appraised value within that zone’s subdivision.
12. Reinvestment zone values:
Tax increment base .......................................................................
Current captured appraised value ............................................................
$ _______________________
$ _______________________
$ _______________________
_______________________
Tax increment reinvestment zone total (add above 2 lines together) .................................
Name of the subdivision 1 (if applicable) ......................................................
(Fill out section below only if TIRZ is divided into multiple subdivisions)
Tax increment base .......................................................................
Current captured appraised value ............................................................
Tax increment reinvestment zone total (add above 2 lines together) .................................
$ _______________________
$ _______________________
$ _______________________
Name of the subdivision 2 (if applicable) ......................................................
Tax increment base .......................................................................
_______________________
$ _______________________
Current captured appraised value ............................................................
Tax increment reinvestment zone total (add above 2 lines together) .................................
Name of the subdivision 3 (if applicable) ......................................................
$ _______________________
$ _______________________
_______________________
170,000.00
30,000.00
69,170.61
269,170.61
24,550,177.00
22,175,718.00
46,725,895.00
Texas Comptroller of Public Accounts
Data Analysis and
Transparency
Form 50-806
For more information, visit our website: comptroller.texas.gov/economy/local/ch311/
Page 3
50-806 • 6-18/6
Tax increment base .......................................................................
Current captured appraised value ............................................................
Tax increment reinvestment zone total (add above 2 lines together) .................................
$ _______________________
$ _______________________
$ _______________________
Name of the subdivision 4 (if applicable)
TOTAL TIRZ values of all subdivisions combined
Total tax increment base of all subdivisions combined
Total current captured appraised value of all subdivisions combined
......................................................
................................................
............................................
.................................
_______________________
$ _______________________
$ _______________________
$ _______________________
STEP 3: Signature of Person Completing Form
_____________________________________________ ________________________________ __________________
Authorized Signature Title Date
Instructions
State Law (Section Sec. 311.016, Tax Code) requires the governing body
of a municipality or county, on or before the 150th day following the end
of its scal year, to submit a report on the status of a reinvestment zone
created by the municipality or county to the chief executive officer of each
taxing unit that levies property taxes on real property in the zone.A copy
of this annual report along with this form must be submitted to the Texas
Comptroller of Public Accounts at the address below:
Comptroller of Public Accounts
Economic Development & Analysis Division
Post Office Box 13528
Austin, Texas 78711-3528
For assistance or to request additional forms, call toll free, 1-800-531-5441
ext. 3-4679. You may also obtain additional forms at comptroller.texas.gov/
economy/local/ch311/reporting.php. From a Telecommunication Device for
the Deaf (TDD), call 1-800-248-4099 or 512-463-4621.
Step 1: Contact information
This information provides the Comptroller information on the entity initi-
ating the tax increment reinvestment zone and a contact person for the
annual report.
Step 2: Tax Increment Reinvestment Zone Information
Please include the reinvestment zone name listed in the ordinance or
resolution creating the zone, the size of the zone in acres, and the types
of property in the zone. Indicate all improvement projects in progress or
completed within the zone. List the TIF fund balance at the end of the s-
cal year, all revenues received by the fund during the scal year, and all
expenditures made by the fund during the scal year. List principal and
interest due on bonded indebtedness, the tax increment base at the cre-
ation of the zone and the current captured appraised value (the increase
in property value over the tax increment base.)
Step 3: Signature of Person Completing Form
The person signing the report should be the same person listed in Step 1
as the contact person.
Assistant City Manager
2/26/2019
click to sign
signature
click to edit
Page 1 of 5
Taylor Tax Increment Reinvestment Zone District #1
ANNUAL REPORT
For Fiscal Year Ending September 30, 2018
Prepared by:
Development Services Department
The City of Taylor, Texas
www.taylortx.gov
512-352-5990
Page 2 of 5
Legislative Requirements.
Section 311.016 of the Texas Tax Code Requires that prior to the 150
th
day following the last day
of the City’s fiscal year, the City must prepare and submit a report on the status of the Zone to
the chief executive officer of each taxing entity that levies taxes in the Zone.
Distribution.
In accordance with this section the report will be distributed to:
City Manager of the City of Taylor,
Superintendent of the Taylor Independent School District,
Williamson County Judge
Texas Attorney General’s Office
Texas Comptroller’s Office
Extra copies will be provided to:
Taylor Economic Development Corporation,
Chamber of Commerce,
Taylor Daily Press.
Finally, the report will also be posted on the City’s website.
Local legislative History of the District.
The Taylor Tax Increment Reinvestment Zone (TIRZ) District #1 was created by Ordinance 2005-9
on June 28, 2005. The Interlocal Agreement with Williamson County was finalized by the County
Commissioners on October 25, 2005. The base year for the TIRZ District is January 1, 2005.
Geography and Map of the zone.
The zone consists of 128 acres. It is generally located in Taylor’s Downtown area. However,
approximately 40 percent of the district is south of the Union Pacific Rail Road.
A map of the District is attached as exhibit “A”.
Governance.
The Taylor TIRZ District #1 is governed by an Advisory Board and the City Council. The Advisory
Board consists of the Main Street Advisory Board and an appointee from both the Taylor
Independent School District and the County.
The TIRZ District #1 Advisory Board is responsible for reviewing information and providing
recommendations to the City Council.
Financial Data.
Section 311.016 of the Texas Tax Code requires that the following information be provided to
each taxing unit that collects taxes in the District:
1. The amount and source of revenues in the TIRZ fund. Please see Exhibit “B” for a
breakdown of TIRZ revenues for this reporting period. The FY 2018 TIRZ revenues were:
$290.729.44
2. Total revenue to the TIRZ fund #1 since its inception in 2005 is:
Page 3 of 5
City and County = $1,692,135.53
Interest = $ 21,352.81
Total = $1,713,488.34
3. The amount and purpose of expenditures from the TIRZ Fund. Please see Exhibit “B” for a
breakdown of expenditures for this reporting period. The FY 2018 TIRZ expenditures were:
$269,170.61
4. Total expenditures since the inception of TIRZ Fund #1 is:
$957,901.55
5. The amount of principal and interest due on outstanding bonded indebtedness. The Fund
has no bonded indebtedness reported in FY 2018.
6. The tax increment base and current captured appraised value retained by the zone.
The tax increment base in January 1, 2005 was: $24,550,177.
The 2018 taxable value was: $46,725,895
The 2018 captured appraised value was: $22,175,718
7. The increase in taxable value between 2017 and 2018 was $1,746,465.
8. The captured appraised value shared by the City and other taxing units, the total amount of
tax increments received, and any additional information necessary to demonstrate
compliance with the Tax Increment Financing Plan adopted by the City Council. No activity
to report during this period.
9. The fund balance of the TIRZ fund as of September 30, 2018 was $755,586.69
Questions regarding this report should be directed to:
Tom Yantis, AICP
Assistant City Manager / Director of Development Services
400 Porter Street
Taylor Texas 76574
tom.yantis@taylortx.gov
512-352-5990
Page 4 of 5
Exhibit “A”
Page 5 of 5
Exhibit “B”
Taylor TIRZ Fund #1
2018 Financial Report: October 1, 2017--September 30, 2018
Beginning Fund Balance
$734,027.86
REVENUE
City TIRZ Payment
$176,962.23
County TIRZ Payment
$103,456.16
Interest
$ 10,311.05
Total Revenues
$290.729.44
Total Available Revenue
$1,024,757.30
Approved projects funded in fiscal year 2017-18:
Downtown Plan Master Plan Implementation –SEC
Planning (Gateway Signs/Heritage Park Signage)
$69,170.61
Heritage Park (CIP)
$170,000.00
Façade Grants (Transfer to Main Street Fund)
$30,000.00
Total Expenditures
$269,170.61
Ending Fund Balance
$755,586.69
Encumbered funds:
Downtown Master Plan Implementation –
Gateway signage (FY 2019)
Heritage Park (FY 2019 – 2030)
$300,000.00
$4,088,428.00
Download
Save PDF to desktop
Email
Email completed PDF
Send for Signing
Email for others to sign
Print
Print document
Choose a Field
Click on a field and
select the person that should complete it
Want to add a signature?
You can add a signature field
and assign it to someone else
to sign
Choose a Field
Click on a field and
select the person that should complete it

Form 50-806: Tax Increment Finance (TIF) Registry (City of Taylor)

This document is locked as it has been sent for signing.

You have successfully completed this document.

Other parties need to complete fields in the document. You will recieve an email notification when the document has been completed by all parties.

This document has been signed by all parties.

Completed 19 January 2021

Message

View Audit Log
Print With Audit Log
Duplicate Document