Texas Instruments TIF Extension and New TOGI District

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.

Document date · May 3, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Through June 30, 2046 (proposed TIF extension)

Renewal date

2046-06-30

Renewal

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.

Document type

Agenda

Source document

City of South Portland City Council Meeting Agenda May 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Seboeis Plantation Public Schools?

Texas Instruments was awarded this financial services contract by Seboeis Plantation Public Schools, as recorded on May 3, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of South Portland City Council Meeting Agenda May 2026 (Agenda), dated May 3, 2026 from Seboeis Plantation Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Texas Instruments hold?

Texas Instruments may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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