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

no end date published in this record

Type

amendment

Field

Real estate

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… Corpus Christi, TX 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… Corpus Christi, TX Motion authorizing Amendment No. 1 to the Reimbursement Agreement with Elevate QOF LLC, to extend the construction completion date of September 30, 20… Corpus Christi, TX Discussion on the motion approved by the Board of the Corpus Christi B Corporation on January 22, 2024 regarding the Business Incentive agreement with… Corpus Christi, TX

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 B Jan 22, 2024 recommended for approval