Motion authorizing a business incentive grant agreement with Elevate QOF LLC, for a total incentive amount not to exceed $2,000,000 for Homewood Suites by Hilton at the corner of N Chaparral Street and Lomax Street for costs associated to FEMA AE Flood Zone requirements, exterior upgrades, and lease spaces, facing N. Chaparral Street; authorizing the expenditure of up to $2,000,000 from the Type B unreserved fund balance; and amending the fiscal year 2023-24 budget to increase expenditures by $2,000,000.00.
What this record is
- Held by
- Elevate QOF LLC 5 records across this site
- Amount
- $2.00M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Real estate
real estate contracts in TX that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
Elevate QOF LLC also holds
Consideration and discussion of whether Ordinance No. 033350 (File No. 24-0256), relating to the Type B economic development agreement with Elevate QO… Motion to approve a 1st amendment to the TIRZ #3 Downtown Development Reimbursement Agreement with Elevate QOF, LLC for the property located at 402 Lo… Motion authorizing Amendment No. 1 to the Reimbursement Agreement with Elevate QOF LLC, to extend the construction completion date of September 30, 20… Discussion on the motion approved by the Board of the Corpus Christi B Corporation on January 22, 2024 regarding the Business Incentive agreement with…- Committee
- Corpus Christi B Corporation - Type B
- Introduced
- January 18, 2024
- On agenda
- January 22, 2024
Where it was heard
Corpus Christi B Corporation - Type BWatch what Corpus Christi buys
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