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Posted on: May 5, 2020

Public Hearing Regarding the Creation of a Reinvestment Zone



 


THE CRANDALL CITY COUNCIL WILL HOLD A PUBLIC HEARING ON MONDAY JUNE 1, 2020 AT 7:00 P.M. AT CITY OF CRANDALL COURT CHAMBERS, 104 EAST TRUNK, CRANDALL, TEXAS 75114, ON THE CREATION OF A REINVESTMENT ZONE AND ITS BENEFITS TO THE CITY OF CRANDALL AND TO PROVIDE A REASONABLE OPPORTUNITY FOR ANY OWNER OF PROPERTY WITHIN THE PROPOSED REINVESTMENT ZONE TO PROTEST THE INCLUSION OF THEIR PROPERTY WITHIN THE PROPOSED REINVESTMENT ZONE, WHICH PROPOSED ZONE CONSISTS OF APPROXIMATELY 441.793 ACRES OF LAND GENERALLY LOCATED NORTH OF U.S. HIGHWAY 175 AND EAST OF FM 741, LOCATED WITHIN THE CITY, as more particularly described by a metes and bounds description available at Crandall City Hall and available for public inspection.  AT THE PUBLIC HEARING, ANY INTERESTED PERSON MAY SPEAK FOR OR AGAINST THE INCLUSION OF PROPERTY WITHIN THE ZONE, THE CREATION OF THE REINVESTMENT ZONE, ITS BOUNDARIES, OR THE CONCEPT OF TAX INCREMENT FINANCING.  FOLLOWING THE PUBLIC HEARING, CRANDALL CITY COUNCIL WILL CONSIDER ADOPTION OF AN ORDINANCE CREATING THE REINVESTMENT ZONE. 

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