The Corpus Christi City Council is expected to vote Monday on an ordinance to create Tax Increment Reinvestment Zone 7, or TIRZ 7, in the London area.
Two major development projects have been proposed for the area, and money generated by the creation of TIRZ 7 would help fund those projects.
The first project, the Mirabella Development, is a 300-acre, 1,100-home project that would include parks, a resort-style pool, community center and recreation fields.
The second project is called The Proper, a 441-acre mixed-use and residential development.
If the city approves the ordinance, the next step will be to secure agreements from Nueces County and Del Mar College. Along with the city, they are the other two taxing entities that would participate in TIRZ 7.
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