Tax
Increment Reinvestment Zones & Municipal Management Districts
ABHR attorneys have been instrumental in development
of the legal practice relating to municipal management districts,
tax increment reinvestment zones, public improvement districts
and other entities that carry out development and redevelopment
projects. Our practice includes direct representation of those
entities, as well as non-profit local government corporations,
and assisting developers with such entities. We have expanded
the redevelopment and special district practice from its inception
in the Houston area, throughout the State, and continue to
explore new directions for this practice.
Municipal Management Districts
ABHR represents a dynamic group of Municipal
Management Districts (MMDs) throughout the State. ABHR attorneys
have provided general counsel services to more than 25 MMDs,
the largest such practice in the state, and have served
as bond counsel to MMDs.
ABHRs also has extensive experience dealing with the TCEQ,
which is the state agency that regulates the activities of
MMDs.
Tax Increment Reinvestment Zones
ABHR attorneys are widely recognized for
their expertise with Tax Increment Reinvestment Zones (TIRZs)
which are also referred to as Tax Increment Finance Agreements
(TIFs). Our representation has included creating the TIRZs,
drafting and amending project and financing plans, annexing
territory, negotiating interlocal agreements for the participation
of taxing entities, negotiating development and financing
agreements and serving as bond counsel.
ABHR attorneys pioneered the practice of creating a Local
Government Corporation to administer, manage and issue bonds
for a TIRZ. Our attorneys have been involved in significant
legislation affecting both TIRZs and Local Government Corporations. |
