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DRIPPING SPRINGS, TEXAS – October 6 – The City of Dripping Springs in partnership with the Dripping Springs Independent School District and the Dripping Springs Community Library recently signed a memorandum of understanding (MOU) to continue pursuing the town center project.
The proposed town center entails exploring the concept of a new city hall, DSISD administration offices, Hays County administration offices, shared board room spaces, conference and meeting facilities, a new community library and potential retail space.
The location being considered for the town center is the west end of Mercer Street where city hall and the DSISD admin building currently stand. This is land owned by the city and the school district.
The infrastructure surrounding the town center will be funded in part by revenues stemming from two tax increment reinvestment zones or TIRZes (See attached graphic to view location of TIRZ zones). A TIRZ works by allowing the cost of improvements to the area to be repaid by the contribution of future tax revenues by each taxing unit (in this case the City of Dripping Springs and Hays County) that levies taxes against the property. When property values rise, a predetermined percentage of the incremental tax revenue in those zones is redirected to a TIRZ fund overseen by an appointed board and used for planned projects. This type of financing permits the city to make improvements without raising taxes.
DSISD Superintendent, Dr. Bruce Gearing said the district is proud to be a partner. “DSISD has been involved in planning for this work since before the Sustainable Places project and will continue to cooperate as much as possible as this complicated project progresses,” Gearing said.
The town center is a long-term project in its preliminary stage. Feasibility studies are underway that will examine planning components such as roadway and pedestrian improvements, drainage improvements, public parking and more. As a result, a town center concept plan will be produced that considers the needs of the stakeholders.
“If our feasibility study indicates that a town center could work on this property, the cost savings of shared facilities could be significant for the taxpayers of both the city and the school district” Dave Edwards said, Chair of the TIRZ Board.
For more information about TIRZ#1 and TIRZ#2, please visit www.cityofdrippingsprings.com. Click on commissions, committees and boards under the government drop down menu to find the TIRZ board page.
Dripping Springs, Tx.
511 Mercer Street
Dripping Springs, Texas 78620
Phone: (512) 858-4725
P.O. Box 384
Dripping Springs, Texas 78620
Fees & Charges
AN ORDINANCE AMENDING ARTICLE A1.000 (GENERAL PROVISIONS),
SECTION A1.001 OF THE DRIPPING SPRINGS CODE OF ORDINANCES;
MODIFYING THE STANDARD FEE SCHEDULE FOR ADMINISTRATIVE
PERMIT FEES, USE FEES, AND OTHER FEES RELATED TO MUNiCIPAL
AUTHORIZATIONS AND ACTIVITIES; PROVIDING FOR THE
FOLLOWING: RULES; STANDARDS; PROCEDURES; CRIMINAL
PENALTIES; AND, SEVERABILITY DOWNLOAD FEE SCHEDULE
Budget & Tax Rate
THE CITY OF DRIPPING SPRINGS, TEXAS, ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 15.57 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000.00 HOME BY APPROXIMATELY $20.00
Fiscal Year 2017-2018 Approved Budget
Ordinance No. 1100.74: Budget for Fiscal Year 2017-2018
Ordinance No. 1110.18: 2017 Tax Levy
Resolution No. 2017-61: Ratification of Fiscal Year 2017-2018 Budget
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