The Reinvestment Zone Number One (“Zone”) is a tax increment reinvestment zone that covers approximately 470 acres of land located within the City of Cedar Park. The general area is bounded by New Hope Road on the north, U.S. 183-A right of way on the east, F.M. 1431 on the south and the railroad right of way to the west. The Zone will facilitate a program of public improvements to allow and encourage the development of the 470 acre mixed-use Downtown District which merges retail, office, entertainment and civic uses with a wide variety of high quality, high value, high density single and multi-family housing to create a close-knit, pedestrian friendly urban core. The Board of Directors shall make recommendations to the City Council concerning the administration of the Zone.
Term: Each Board Member will serve a two-year staggered term
Members: The Board is filled by members of the City Council.