City of Van Alstyne City Council Meeting Agenda March 2026
City Hires MuniCap for TIRZ Administration Services
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Description
The Van Alstyne City Council approved an Administrative Services Agreement with MuniCap, Inc. to provide financial and administrative services for the City’s Tax Increment Reinvestment Zones. The contract totals $16,000 for 2026 and is funded from TIRZ revenues under a time-and-materials fee schedule.
Contract Details
Contract Amount
$16,000
Vendor
MUNICAP
Agency
Housing Authority of Van Alstyne, TX
Contract Type
PROFESSIONAL_SERVICES
Document Date
March 24, 2026
Contract Term
January 1, 2026 – December 31, 2026 (annual TIRZ administration; agreement terminates upon bond repayment or earlier per 30‑day notice)
Renewal Info
Agreement is effective upon execution and continues until TIRZ bonds are repaid, but may be terminated without cause on 30 days’ written notice by either party. Annual administrative fees may be increased once per year by up to 10% with 120 days’ notice.
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ONGOINGIssuing Agency
Housing Authority of Van Alstyne
Local Housing Authority
Van Alystyne, TX
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