Special to the PRESS
Cameron County Commissioner’s Court today on a 4-0 vote provided an Order establishing a County-Wide Transportation Reinvestment Zone that is projected to support approximately $1.6 billion in transportation projects that will promote safety, support development, and facilitate the movement of traffic in Cameron County. In approving the Order, the Commissioners Court also approved an Interlock Agreement between Cameron County and the Cameron County Regional Mobility Authority (CCRMA) that identifies over 50 projects that are critical to the long term transportation infrastructure needs of the County.
The plan calls for the County to dedicate a portion of the tax increment on property in the Zone to fund the development of some or all of the projects. This plan specifically calls for funds raised from the tax increment to be leveraged with other funding sources (federal, state and local) to finance the project development, rehabilitation/reconstruction of roads, and construction of new corridors. In approving the measure the Commissioners Court is assured that projects on the list will be developed accordingly and that the annual tax increment available to the CCRMA will be capped at 25 percent.
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