CC MEETING: March 3, 2026
DATE: February 20, 2026
TO: City Council
FROM: Meredith A. Ladd, City Attorney
Title
Consider Authorizing The City Manager To Enter Into An Interlocal Cooperation Agreement For Contributions To Tax Increment Reinvestment Zones With Dallas Area Rapid Transit.
Body
BACKGROUND:
In accordance with the Tax Increment Financing Act, Chapter 311 of the Texas Tax Code, the City of Carrollton, Texas (“City”) has created and may create additional Tax Increment Reinvestment Zones (“TIRZ”) that utilize property taxes, municipal sales and use taxes, or a combination of both taxes to stimulate economic development or redevelopment within the designated zone.
DART and the City desire to work collaboratively to stimulate more transit-oriented development, grow transit ridership, generate greater tax revenue, attract and retain businesses, and leverage DART’s transportation services and facilities as an economic development asset within TIRZ areas.
Pursuant to Board Resolution 250059, the DART Board of Directors authorized the DART President & Chief Executive Officer to execute an Agreement whereby DART desires to invest in the development or redevelopment of one or more TIRZ areas created by the City in furtherance of the shared goals identified above.
The Parties are authorized to enter into such an Agreement pursuant to Section 452.055(c) of the Texas Transportation Code and Chapter 791 of the Texas Government Code.
STAFF RECOMMENDATION/ACTION DESIRED:
Staff requests Council to consider authorizing the City Manager to enter into an Interlocal Cooperation Agreement for contributions to Tax Increment Reinvestment Zones with Dallas Area Rapid Transit.