San Angelo City Council Set To Take Lake View TIRZ Funding to Remove Cactus Hotel Lettering

SAN ANGELO – The San Angelo City Council Tuesday is set to vote to take over $128,000 the Northern Tax Increment Reinvestment Zone (TIRZ) in Lake View to fund six projects in the South TIRZ zone because the South Zone doesn't generate enough funding for the projects. 

According to the agenda for the regular city council meeting Tuesday on February 22, 2022, the Tax Increment Reinvestment Zone(TIRZ) Board voted in accordance with Sec. 2.07.099(c)(6)(B)of the City of San Angelo Code of Ordinances to fund six private incentives projects in the South TIRZ using North TIRZ funds.

The projects in the South TIRZ zone include: 

36 E. Twohig (Cactus Hotel) – The applicant requested $69,545 (in eligible expenses) for facade improvements.  The facade improvements generally include removal of letters on the Cactus Hotel sign and replacement of the awnings around the hotel.  The TIRZ Board recommended funding this request at 75% in the amount of $52,159 from TIRZ North funds.

213 N. Chadbourne (Valley Vending) – The applicant requested $64,000 for facade improvements.  The improvements include front exterior plastering, new curtain wall installation, and new door installation.  the TIRZ Board recommended funding this request at 75% in the amount of $48,000 from TIRZ North funds.  

215 S. Chadbourne (J. Wilde's) – The applicant requested $44,674 (in eligible expenses) for the fire sprinkler and monitored smoke alarm installation.  The TIRZ Board recommended funding this request at 75% in the amount of $33,506 from TIRZ North Funds. 

402 W. Beauregard (Hotel Angora) – The applicant requested $62,50 (in eligible expenses) for facade improvements and fire sprinkler and monitored smoke alarm installation.  The TIRZ Board recommended funding this request at 75% in the amount of $46, 875 from TIRZ North funds.  

109 N. Chadbourne (Concho Venue) – The applicant requested $65,462 (in eligible expenses) for fire sprinkler and monitored smoke alarm installation.  The TIRZ Board recommended funding this request at 75% in the amount of $49,097 from TIRZ North funds. 

109 S. Chadbourne (Zetzman Investments) – The applicant requested $44,843 (in eligible expenses) for facade improvements.  The improvements generally include removal of old paint to reveal red brick, mortar work, installation of ew canopies and awnings, installation of tile, new window installation, and painting.  The TIRZ Board recommended funding this request at 75% in the amount of $33,633 from TIRZ North funds.  

For more on the TIRZ history, click this link. 

The San Angelo City Council meets at 8:30 a.m. Tuesday morning, July 19, 2022 in council chambers at the McNease Convention Center.  That meeting is open to the public.