We have a local developer seeking reimbursement for infrastructure investment through "Tax Increment Financing". He claims that Chapter 380-381 of the Local Govt. Code allows the county and municipality to reimburse him based on the increased property tax collected as a result of his construction of streets and utilities.

I agree that elemination of the ag exemption through creation of a subdivision will increase the tax base, but can find no guidance for implementation of such a scheme.

Any experience out there?

Thanks,