Board Functions
On June 19, 2000, the City Council authorized creation of the Missouri City Development Authority to be responsible for the management of all Public Improvement Districts (PIDs) and Tax Increment Reinvestment Zones (TIRZs) created by the city. The City Council serves as the Missouri City Development Authority board. The purposes of the board are as follows:
- Act for the city in the city’s PIDs and the TIRZs
- Develop policies of the finance development within the PIDs and TIRZs
- Implement project plans and financing plans
- Issue bonds with the City Council’s consent (note: bonded indebtedness, loans, or other obligations issued by the Missouri City Development Authority are not a debt of the city)