Map
Killeen Business Park
National Map
Regional Map
Tax Increment Reinvestment Zone (TIRZ)
Land:
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The park has been subdivided. There is a metes & bounds description for each lot.
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An asking price has been established for each available site.
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All land sales must be approved by KEDC.
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Land prices are negotiable depending upon the economic impact of the project.
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Staff is responsible for managing the sales transaction. Procedures include, but are not limited to, hiring a survey company, hiring a lawyer, hiring an engineer and closing on the sale. If applicable, KEDC pays broker fees.
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Staff is responsible for maintaining KEDC property. Maintenance includes, but is not limited to, hiring a landscaping company to ensure the grass is mowed a minimum of 25 feet from the curb, trash removal and safety.
Buildings:
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KEDC currently owns two buildings in the Killeen Business Park. Addresses are: (703 Swanner Loop, 4501 Roy J. Smith Drive)
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Staff serves as the liaison between the tenant and service contractors to ensure maintenance of KEDC’s buildings are in accordance with the lease agreement.
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KEDC can offer build-to-suit facilities when proposing a site in the Killeen Business Park.
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KEDC must approve all build-to-suit offers.
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Staff is responsible for managing construction. Procedures include, but are not limited to, hiring an engineering company, hiring a lawyer, hiring a construction company, negotiating the lease and supervising construction.
Marketing and Advertising:
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Staff is responsible for marketing and advertising the property in the Killeen Business Park.
Download a copy of the...
Restrictive Covenants - West Side of Park
Restrictive Covenants - East Side of Park
Regional Map
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Tax Increment Reinvestment Zone (TIRZ)
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The Tax Increment Reinvestment Zone may finance the activities listed below per Tax Code Section 311.002. A project plan must be prepared and adopted by the TIRZ Board of Directors and then presented to the City Council for adoption by ordinance.
Although a TIRZ fund may be used for many different projects within the reinvestment zone; the TIRZ fund is a governmental fund. Water/sewer and drainage infrastructure projects will be best handled through a transfer from the TIRZ fund to the appropriate capital projects fund rather than budgeting and expending the funds directly from the TIRZ fund.
Download a copy of the...
Restrictive Covenants - West Side of Park
Restrictive Covenants - East Side of Park