The Tax Increment Reinvestment Zone No. 5 board in Denison approved $145,000 in park repairs during a short presentation and vote at Monday’s meeting.

Orlando presented background on TIRZ finances, saying the base city tax valuation in 2021 was $179,788,366 and that the most recent county figure he had was $335,311,476. He cautioned those figures are still estimated and that staff must audit parcels before invoicing the city or county. Orlando reported the fund’s ending balance at $956,372.40.

Staff told the board the city had budgeted $280,000 in fiscal 2026 for three items: Waterloo pool repairs (infrastructure and equipment), asphalt/material work (Munson Park parking lot) and Waterloo Lake Park erosion repairs. Orlando listed specific requests of $125,000 for Munson Park parking-lot repairs and $20,000 for Waterloo Lake Park erosion remediation and recommended approval of those items from the tax increment fund.

Mr. Poole moved to approve the Munson Park and Waterloo Lake Park repairs for a combined total of $145,000; Mr. Massey seconded and the motion carried unanimously.

Votes at a glance: the board also approved earlier routine items including minutes from the May 12, 2025 meeting (moved by Judge Dolce, seconded by Forrest Poole) and unanimously approved the Waterloo Trails extension earlier in the meeting; the meeting adjourned after board thanks to staff.

Board members asked for clarification about a separate bond (DDA sewer line) that was discussed previously and confirmed that the current vote focused only on the three highlighted items in the packet. Orlando reiterated the valuations and cautioned they remain subject to audit before final invoicing.