Tax Increment Financing (TIF) #1 Board

AGENDA CITY OF TAYLOR, TEXAS TAX INCREMENT FINANCING (TIF) #1 BOARD MEETING CITY HALL CONFERENCE ROOM - 400 PORTER STREET, TAYLOR, TX 76574 JULY 15, 2026, 4:00 PM I. CALL TO ORDER AND DECLARE A QUORUM II. CITIZEN COMMUNICATION (The Board or Commission welcomes public comment on items not listed on the agenda. However, the Board or Commission cannot respond until the item is posted on a future agenda. All public comments are limited to 3 minutes.) III. CONSENT AGENDA 1. Review and consider action on minutes from the June 17, 2026 meeting. 2. Review the TIF # 1 (119) Fund Report and Grants recap. IV. REGULAR AGENDA - NEW BUSINESS 3. Review and consider action on a sub-committed for review of Stay Awhile and Multi-Business Grants. 4. Review and consider action on SAW grant for 120 W 2nd St. V. REGULAR AGENDA - CONTINUING BUSINESS 5. Update on events: July 21 Mixer, Smithsonian Opening, Smithsonian Exhibit, Prep area projects - ghost sign, historic banners, wooden road prep, landscaping, wayfinding signage. VI. ADJOURN The Board or Commission may vote and/or act upon each of the items listed on this Agenda. The Board or Commission reserves the right to retire into executive session concerning any of the items listed on this Agenda, whenever it is considered necessary and legally justified under the Open Meetings Act. I certify that the notice of the meeting was posted in the Taylor City Hall Lobby for at least three business days before the scheduled date of said meeting. Posted by: Niecy Baum Date: 7/8/2026 Page 1 of 10  Minutes CITY OF TAYLOR, TEXAS TAX INCREMENT FINANCING (TIF) #1 BOARD MEETING CITY HALL CONFERENCE ROOM - 400 PORTER STREET, TAYLOR, TX 76574 JUNE 17, 2026, 4:00 PM Board Present: Doug Moss Jeff Snyder Currie Humphreys Alyse Mervosh Kirsten Sheldrake MMMMMMMMike Kaspar Not Present: Ron Verano Mitch Drummond (excused) Others Present: Ruby Fisher – Main Street Manager, Niecy Baum – Downtown Director, Chuck Farr I. Call to order and declare a quorum A quorum was declared, and the meeting was called to order at 4:03 pm II. Citizen communication (The board or commission welcomes public comment on items not listed on the agenda. However, the board or commission cannot respond until the item is posted on a future agenda. All public comments are limited to 3 minutes.) None. III. Consent agenda 1. Review and consider action on minutes from the May 20, 2026, meeting. 2. Review the TIF # 1 (119) Fund Report and Grants recap. Jeff Snyder motioned, and Curie Humphreys seconded, to approve the consent agenda as presented. The motion passed unanimously. Iv. Regular agenda - new business V. Regular agenda - continuing business 3. Updates on POs (Purchase Orders) approved. POs will be updated at the next meeting after City Council final approval on June 25. 4. Update on events: July 21 Mixer, Smithsonian Opening, Smithsonian Exhibit, Prep area projects - ghost sign, historic banners, wooden road prep, landscaping, curb, outside event signage. Staff presented updates on all of the upcoming events. Vi. Adjourn The meeting was motioned to adjourn at 4:54 pm The Board or Commission may vote and/or act upon each of the items listed on this Agenda. The Board or Commission reserves the right to retire into executive session concerning any of the items listed on this Agenda, whenever it is considered necessary and legally justified under the Open Meetings Act. I certify that the notice of the meeting was posted in the Taylor City Hall Lobby for at least three business days before the scheduled date of said meeting. Posted by: Niecy Baum Date: 6/11/2026 Page 2 of 10 7-08-2026 04:03 PM C I T Y O F T A Y L O R PAG 1 FINANCIAL STATEMENT AS OF: JULY 31ST, 2026 119-TIF NO.1 (DOWNTOWN) FINANCIAL SUMMARY ANNUAL CURRENT Y-T-D % OF Y-T-D BUDGET ACCT # ACCOUNT NAME BUDGET PERIOD ACTUAL BUDGET ENCUMB. BALANCE __________________________________________________________________________________________________________________________________ REVENUE SUMMARY 310-TAXES 660,000.00 0.00 619,077.49 93.80 0.00 40,922.51 330-INTERGOVERNMENTAL REV 450,000.00 0.00 443,491.81 98.55 0.00 6,508.19 430-USE OF MONEY AND PROP 25,000.00 0.00 36,223.08 144.89 0.00 ( 11,223.08) *** TOTAL REVENUES *** 1,135,000.00 0.00 1,098,792.38 96.81 0.00 36,207.62 ============== ============== ============== ====== ============== ============== EXPENDITURE SUMMARY 520-TIF NO. 1 ADMINISTRAT 1,240,195.00 751.79 474,984.94 44.58 77,954.03 687,256.03 *** TOTAL EXPENDITURES *** 1,240,195.00 751.79 474,984.94 44.58 77,954.03 687,256.03 ============== ============== ============== ====== ============== ============== *** TOTAL PROFIT / (LOSS) *** ( 105,195.00) ( 751.79) 623,807.44 518.90- ( 77,954.03) ( 651,048.41) ============== ============== ============== ====== ============== ============== Page 3 of 10 7-08-2026 04:03 PM C I T Y O F T A Y L O R PAG 2 FINANCIAL STATEMENT AS OF: JULY 31ST, 2026 119-TIF NO.1 (DOWNTOWN) REVENUES ANNUAL CURRENT Y-T-D % OF Y-T-D BUDGET ACCT # ACCOUNT NAME BUDGET PERIOD ACTUAL BUDGET ENCUMB. BALANCE __________________________________________________________________________________________________________________________________ 310-TAXES 310-111 CURRENT PROPERTY TAXES 660,000.00 0.00 619,077.49 93.80 0.00 40,922.51 ** REVENUE CATEGORY TOTAL ** 660,000.00 0.00 619,077.49 93.80 0.00 40,922.51 330-INTERGOVERNMENTAL REVENUES 330-242 TIF-WILLIAMSON COUNTY 450,000.00 0.00 443,491.81 98.55 0.00 6,508.19 ** REVENUE CATEGORY TOTAL ** 450,000.00 0.00 443,491.81 98.55 0.00 6,508.19 430-USE OF MONEY AND PROPERTY 430-331 INTEREST INCOME 25,000.00 0.00 36,023.08 144.09 0.00 ( 11,023.08) 430-334 MISCELLANEOUS REVENUE 0.00 0.00 200.00 0.00 0.00 ( 200.00) ** REVENUE CATEGORY TOTAL ** 25,000.00 0.00 36,223.08 144.89 0.00 ( 11,223.08) 450-INTERFUND OPERATING TRANSF ______________ ______________ ______________ ______ ______________ ______________ *** TOTAL REVENUES *** 1,135,000.00 0.00 1,098,792.38 96.81 0.00 36,207.62 ============== ============== ============== ====== ============== ============== Page 4 of 10 7-08-2026 04:03 PM C I T Y O F T A Y L O R PAG 3 FINANCIAL STATEMENT AS OF: JULY 31ST, 2026 119-TIF NO.1 (DOWNTOWN) 520-TIF NO. 1 ADMINISTRAT DEPARTMENT EXPENSES ANNUAL CURRENT Y-T-D % OF Y-T-D BUDGET ACCT # ACCOUNT NAME BUDGET PERIOD ACTUAL BUDGET ENCUMB. BALANCE __________________________________________________________________________________________________________________________________ 100-EMPLOYEE SERVICES WAGES & SALARIES ______________ ______________ ______________ ______ ______________ ______________ PAID BENEFITS ______________ ______________ ______________ ______ ______________ ______________ ______________ ______________ ______________ ______ ______________ ______________ 500-CONTRACT SERVICES AND FEES PROFESSIONAL SERVICES 520-519 OTHER PROFESSIONAL SERVICES 8,000.00 0.00 1,553.07 19.41 0.00 6,446.93 * SUB-CATEGORY TOTAL * 8,000.00 0.00 1,553.07 19.41 0.00 6,446.93 CONTRACT SERVICES 520-539 OTHER CONTRACT SERVICES 30,000.00 0.00 0.00 0.00 0.00 30,000.00 * SUB-CATEGORY TOTAL * 30,000.00 0.00 0.00 0.00 0.00 30,000.00 ANNUAL MAINTENANCE FEES ______________ ______________ ______________ ______ ______________ ______________ ______________ ______________ ______________ ______ ______________ ______________ ** CATEGORY TOTAL ** 38,000.00 0.00 1,553.07 4.09 0.00 36,446.93 700-CAPITAL OUTLAY OFFICE FURNITURE/EQUIPMENT 520-719 OTHER CAPITAL OUTLAY 155,400.00 0.00 0.00 0.00 0.00 155,400.00 * SUB-CATEGORY TOTAL * 155,400.00 0.00 0.00 0.00 0.00 155,400.00 Page 5 of 10 7-08-2026 04:03 PM C I T Y O F T A Y L O R PAG 4 FINANCIAL STATEMENT AS OF: JULY 31ST, 2026 119-TIF NO.1 (DOWNTOWN) 520-TIF NO. 1 ADMINISTRAT DEPARTMENT EXPENSES ANNUAL CURRENT Y-T-D % OF Y-T-D BUDGET ACCT # ACCOUNT NAME BUDGET PERIOD ACTUAL BUDGET ENCUMB. BALANCE __________________________________________________________________________________________________________________________________ CAPITAL IMPROVEMENTS/ACQUISITI ______________ ______________ ______________ ______ ______________ ______________ ______________ ______________ ______________ ______ ______________ ______________ ** CATEGORY TOTAL ** 155,400.00 0.00 0.00 0.00 0.00 155,400.00 800-CONTRIBUTIONS & CONTINGENC CONTRIBUTIONS/TRANSFERS 520-813 FACADE GRANTS 308,500.00 751.79 52,647.63 18.13 3,290.53 252,561.84 520-815 INTERFUND TRANSFER OUT 513,295.00 0.00 403,209.50 79.90 6,931.25 103,154.25 520-819 OTHER CONTRIBUTIONS 225,000.00 0.00 17,574.74 37.91 67,732.25 139,693.01 * SUB-CATEGORY TOTAL * 1,046,795.00 751.79 473,431.87 52.67 77,954.03 495,409.10 ______________ ______________ ______________ ______ ______________ ______________ ** CATEGORY TOTAL ** 1,046,795.00 751.79 473,431.87 52.67 77,954.03 495,409.10 *** DEPARTMENT TOTAL *** 1,240,195.00 751.79 474,984.94 44.58 77,954.03 687,256.03 ============== ============== ============== ====== ============== ============== *** TOTAL EXPENSES *** 1,240,195.00 751.79 474,984.94 44.58 77,954.03 687,256.03 ============== ============== ============== ====== ============== ============== *** TOTAL PROFIT / (LOSS) *** ( 105,195.00) ( 751.79) 623,807.44 518.90- ( 77,954.03) ( 651,048.41) ============== ============== ============== ====== ============== ============== *** END OF REPORT *** Page 6 of 10 TIF #1 25.26 119-520-813 GRANT BUDGET $75,000 GRANT AWARDED $ 126,500.00 GRANT BALANCE $ 0.00 Street # Street Grant type App Date Grant Amount Award Date Award Amount Due Date Paid Date Qtr Reported Amount Paid Total Cap Budget Year Notes Requested HTC investment Burdened 113 E 3rd St Facade 1/4/2025 $ 25,000.00 12/18/2024 $ 25,000.00 12/18/2025 1/30/2026 Q1 26 $ 25,000.00 $ 50,602.00 25/26 Extension to Jan 31, 2026 awarded on 11/19/2025 115 E 3rd St Facade 1/4/2025 $ 25,000.00 12/18/2025 $ 25,000.00 12/18/2025 1/30/2026 Q1 26 $ 25,000.00 $ 53,748.00 25/26 Extension to Jan 31, 2026 awarded on 11/19/2025 112 W 2nd St Sign 1/4/2025 $ 7,188.50 12/17/2025 $ 1,500.00 1/4/2026 1/13/2026 Q1 26 $ 1,500.00 $ 14,377.00 25/26 119 E 3rd St Facade 1/21/2026 $ 25,000.00 2/18/2026 $ 25,000.00 2/18/2027 $ 62,769.00 25/26 Need CC approvalCut Po for 25.26 121 E 3rd St Facade 1/21/2026 $ 25,000.00 2/18/2026 $ 25,000.00 2/18/2027 $ 89,786.00 25/26 Need CC approvalCut Po for 25.26 119 E 3rd St Fire Sup 1/21/2026 $ 25,000.00 2/18/2026 $ 25,000.00 2/18/2027 $ 63,000.00 25/26 Need CC approvalCut Po for 25.26 121 E 3rd St Fire Sup 1/21/2026 $ 25,000.00 OOFunds $ - $ 63,000.00 25/26 Declined 219 Main St Façade 2/11/2026 $ 25,000.00 OOFunds $ - $ 51,000.00 25/26 Declined 221 Main St Facade 2/11/2026 $ 25,000.00 OOFunds $ - $ 51,000.00 25/26 Declined $ 126,500.00 $ 51,500.00 $ 397,282.00 Page 7 of 10 Revised Budget TIF #1 25.26 119-520-813 GRANT BUDGET $17,500 Front porch Package - GRANT AWARDED GRANT BALANCE $ 0.00 Street # Street Grant type App Date Grant Amount Award Date Award Amount Due Date Paid Date Qtr Reported - Amount Paid Total Cap Budget Year Notes Requested HTC investment Burdened 25.26 120 W 2nd St FP 7/7/2026 $190 25.26 Complete - Ready for Posting 323 N Main St FP 7/6/2026 $190 25.26 Incomplete - floral plan 415 N Main St FP 7/7/2026 $190.00 25.26 Incomplete - W9, floral plan, A-frame needed 25.26 Page 8 of 10 Chairs Open Signs Potted Plants Max $120.00 A Frame Signs Max 69.00 $ 17,500.00 Balance $ 3,500.00 Balance $ 6,250.00 Balance $ 12,500.00 Balance 2 $ 120.00 $ 70.00 2 $ 120.00 PROVIDED 2 $ 120.00 $ 70.00 Page 9 of 10 119-520-813 GRANT BUDGET $20,000 Stay a while - GRANT AWARDED GRANT BALANCE $ 0.00 Up to $2000 Street # Street Grant type App Date Grant Amount Award Date Award Amount Due Date Paid Date Qtr Reported Amount Paid Total Cap Budget Year Notes Requested investment Burdened HTC 120 W 2nd St SAW 7/7/2026 $ 625.00 Complete - Ready for Posting 119-520-813 GRANT BUDGET $20,000 Multi Business Event - GRANT AWARDED GRANT BALANCE $ 0.00 Up to $100 per business Street # Street Grant type App Date Grant Amount Award Date Award Amount Due Date Paid Date Qtr Reported Amount Paid Total Cap Budget Year Notes: Must present receipts Requested investment Burdened HTC 119-520-813 GRANT BUDGET $100,000 Recruitmentt - GRANT AWARDED GRANT BALANCE $ 0.00 Up to $50,000 Matching per business - one business per address. One award per business. Must be brick and mortar. Retail/Rest only Street # Street Grant type App Date Grant Amount Award Date Award Amount Due Date Paid Date Qtr Reported Amount Paid Total Cap Budget Year Notes: Must present receipts Requested investment Burdened HTC 119-520-813 GRANT BUDGET $20,000 Flood Relief Business Grant GRANT BALANCE $ 0.00 Up to $2000 Street # Street Grant type App Date Grant Amount Award Date Award Amount Due Date Paid Date Qtr Reported Amount Paid Total Cap Budget Year Notes Requested investment Burdened HTC 109 W 3rd St FR 7/8/2026 $1,000 Missing W9 and after pictures 204 N Main St FR 7/2/2026 $1,000 Missing pictures (may not have) Page 10 of 10