25-3142A
Authorize a Chapter 380 economic development grant agreement and all other necessary documents with RG University Hills, LLC, a Texas limited liability company and/or its affiliates in an amount not to exceed $23,500,000.00 in consideration of the Rivulet Phase 1 Project, a master-planned and mixed-use development proposed on real property currently undeveloped and addressed as 6400 University Hills Boulevard, in accordance with the Economic Development Incentive Policy - Total not to exceed $23,500,000.00 - Financing: Economic Development & Housing Development Fund (2012 General Obligation Bond Fund) ($503,533.00), Economic Development Fund (I) (2017 General Obligation Bond Fund) ($1,721,521.00), Economic Development (G) Fund (2024 General Obligation Bond Fund) ($14,411,515.00), and Infrastructure Investment Fund ($6,863,431.00) (subject to current and annual appropriations) *In alignment with Economic Development Incentive Policy.
- Committee
- Office of Economic Development
- Requested by
- Office of Economic Development (ECO)
- Introduced
- October 22, 2025
- On agenda
- November 12, 2025
- Enactment no.
- 25-1739; APPROVED AS AN INDIVIDUAL ITEM