City of South Portland City Council Meeting Agenda May 2026
Texas Instruments TIF Extension and New TOGI District
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Description
South Portland is considering extending the Texas Instruments TIF District as a new Transit-Oriented Growth & Infrastructure TIF through June 30, 2046, with up to 25% of TIF revenues available for a Credit Enhancement Agreement with Texas Instruments. The restructuring would channel remaining revenues to transit-oriented and affordable housing projects citywide.
Contract Details
Vendor
TEXAS INSTRUMENTS
Agency
Seboeis Plantation Public Schools, ME
Contract Type
FINANCIAL_SERVICES
Document Date
May 3, 2026
Contract Term
Through June 30, 2046 (proposed TIF extension)
Renewal Date
2046-06-30
Renewal Info
Existing TI TIF District would be extended and reconstituted as the TOGI TIF District through June 30, 2046, including a new Credit Enhancement Agreement with Texas Instruments subject to Council approval and state TIF rules.
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City of South Portland City Council Meeting Agenda May 2026
City of South Portland City Council Meeting Agenda May 2026
City of South Portland City Council Meeting Agenda May 2026
City of South Portland City Council Meeting Agenda May 2026
City of South Portland City Council Meeting Agenda May 2026
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