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AI-generated summary from official agenda text. CivicProof is independent and is not a government website. Check the official source before relying on this summary.
At a glance
The TIRZ #2 Board will consider its FY27 budget and receive financial information for the zone.
A proposed Chapter 311 agreement could involve up to $3,134,880 for public infrastructure costs.
The board is scheduled to appoint its Chair and Vice Chair, affecting board leadership.
The provided agenda does not include project details, vote counts, or the text of the proposed agreement.
Why residents should care
This meeting could affect how TIRZ #2 funds are planned and used, including a proposed public infrastructure-cost agreement of up to $3,134,880.
Money, taxes, and fees
The board will receive the FY25 TIRZ #2 Annual Report.
The board will receive the FY27 Financial Forecast for TIRZ #2.
The board will discuss and consider the FY27 TIRZ #2 Budget.
The board will consider a recommendation for approval of a Chapter 311 agreement for public infrastructure costs in an amount not to exceed $3,134,880.
Housing and development
The Chapter 311 agreement is with Philip Boghosian Living Trust, the Howard Sagaser 401K Plan, and the Sagaser, Watkins, & Wieland 401K for public infrastructure costs; the agenda does not describe the specific project or location.
Public services and infrastructure
The proposed Chapter 311 agreement concerns public infrastructure costs, but the agenda does not specify the type of infrastructure.
Full summary
The Tax Increment Reinvestment Zone (TIRZ) Number Two Board of Directors for the City of Killeen is scheduled to meet on May 7, 2026, at 3:00 p.m. The agenda includes board officer appointments, review of prior minutes, receiving FY25 and FY27 financial materials, considering the FY27 TIRZ #2 budget, and considering a recommendation for a Chapter 311 agreement for public infrastructure costs up to $3,134,880.
Agenda items
Call to order at 3:00 p.m. in the Utility Collections Conference Room, 210 W. Avenue C, Killeen, Texas 76541.
Roll call of TIRZ Board members and city staff.
Consider approval of the May 7, 2026 regular meeting agenda.
Appoint a Chairman and Vice Chairman of the Tax Increment Reinvestment Zone #2.
Consider minutes of the TIRZ #2 Board meeting of December 17, 2025.
Receive the FY25 TIRZ #2 Annual Report.
Receive the Financial Forecast for FY27 for the TIRZ #2.
Discuss and consider the FY27 TIRZ #2 Budget.
Consider recommendation for approval of a Chapter 311 agreement with Philip Boghosian Living Trust, the Howard Sagaser 401K Plan, and the Sagaser, Watkins, & Wieland 401K for public infrastructure costs, in an amount not to exceed $3,134,880.
Adjournment.
Public hearings
No public hearings were extracted from the summary.
Important dates
Meeting: May 7, 2026, 3:00 p.m.
Notice certified as posted at or before 5:00 p.m. on May 1, 2026.
Requests for sign interpretive services are available upon requests received at least 48 hours prior to the meeting.
Prior meeting minutes to be considered: December 17, 2025.
Source limitations
The source is an agenda notice, not meeting minutes; it does not provide outcomes, vote counts, or final decisions.
No attachments, annual report details, financial forecast, budget document, Chapter 311 agreement text, or infrastructure project details were included in the provided text.
Source notes
Meeting title, date, time, and location: CITY OF KILLEEN MEETING AGENDA TAX INCREMENT REINVESTMENT ZONE (TIRZ) NUMBER TWO BOARD OF DIRECTORS MAY 7, 2026 ... CALL TO ORDER – 3:00 P.M. – Utility Collections Conference Room
Agenda approval and agenda items: APPROVAL OF AGENDA Consider approval of the agenda ... AGENDA ITEMS 1. Appoint a Chairman and Vice Chairman ... 2. Consider minutes ... 3. Receive the FY25 TIRZ #2 Annual Report. 4. Receive the Financial Forecast for FY27 ... 5. Discuss and consider the FY27 TIRZ #2 Budget. 6. Consider recommendation for approval of a Chapter 311 agreement ... in an amount not to exceed $3,134,880.
Chapter 311 agreement amount and parties: Consider recommendation for approval of a Chapter 311 agreement with Philip Boghosian Living Trust, the Howard Sagaser 401K Plan, & the Sagaser, Watkins, & Wieland 401K for public infrastructure costs, in an amount not to exceed $3,134,880.
Closed session notice language: The public is hereby informed that notices for City of Killeen meetings will no longer distinguish between matters to be discussed in open or closed session of a meeting... the TIRZ Board may convene a closed session to discuss any matter listed on the agenda...
ADA and accommodation information: The facility is wheelchair accessible and handicap parking is available. Requests for sign interpretive services are available upon requests received at least 48 hours prior to the meeting. To make arrangements for those services, please call 254-501-7700...
Posting certification: I certify that the above notice of meeting was posted on the bulletin board at City Hall and on the website of the City of Killeen, Texas, at or before 5:00 p.m. on May 1, 2026.
The source text is the authority. Confirm details with the official city or public body before relying on this summary.
Consider minutes from the December 17, 2025 TIRZ #2 Board meeting.
Discuss and consider the FY27 TIRZ #2 Budget.
Consider recommending approval of the Chapter 311 agreement for public infrastructure costs up to $3,134,880.
Resident action items
Residents may attend the meeting on May 7, 2026, at 3:00 p.m. at 210 W. Avenue C, Killeen, Texas 76541, Utility Collections Conference Room.
Residents needing sign interpretive services may request them at least 48 hours before the meeting by calling 254-501-7700, the City Manager’s Office, or TDD 1-800-734-2989.
The agenda states the board may convene closed session for legally eligible matters listed on the agenda, but it does not list specific executive session items.
No public comment period or public hearing is listed in the provided agenda text.
This is an agenda notice only, so it does not show what the board ultimately did.
The annual report, forecast, budget, and Chapter 311 agreement were not included in the provided text.
No public comment details, attachments, exhibits, agreement terms, infrastructure description, or deadlines beyond the meeting and ADA notice were provided.
The meeting date could not be confirmed from the provided source text.