24-0256
Ordinance authorizing an agreement between the Type B Corporation and 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 with the street level retail, public space, and outdoor dining area activation including gray box and finish out including necessary floodwall and dry flood proofing to allow for consistent street level access; 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
- Type B Corporation and Elevate QOF LLC 2 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
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Read automatically from the title of the official record. The source document below is authoritative.
Type B Corporation and Elevate QOF LLC also holds
Per Council Policy 16.d., we are requesting that the following item be placed on the May 12, 2026, City Council agenda for executive session. Executiv…- Committee
- City Council
- Introduced
- February 5, 2024
- On agenda
- April 23, 2024
- Passed
- April 23, 2024
- Enacted
- April 23, 2024
- Enactment no.
- 033350
Where it was heard
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