Tax Increment Reinvestment Zone No. One
	Agenda Request
Agenda Of:	04-04-08	Agenda Request No:		IV A
Initiated By:	matt aust, management assistant ii	Responsible Department:		business & intergovernmental relations
Presented By:	joe esch, executive director	Department Head:		joe esch, executive director
		Additional Department. Head (s):		n/a
Subject / Proceeding:	consideration of and action on approval of the tirz no. 1 fiscal year 2006-2007 annual report
Exhibits:	n/a
Clearances			Approval
Legal:	n/a		Executive Director:	joe esch, business & intergov. rel
Recommended Action
Approve the TIRZ No. 1 Fiscal Year 2006-2007 Annual Report.
Executive Summary
State law requires municipalities with tax increment reinvestment zones to provide the Comptroller an annual report each fiscal year. The report includes for the board’s consideration revenue, expenditures, debt, tax increment base, appraised value and captured value, as referenced in the state law. Remaining steps in the process include approval by City Council and subsequent distribution to Fort Bend County and LID No. 2.
Exhibits

N/A