Authorize a Chapter 380 economic development grant agreement and all other necessary documents (“Agreement”) with Meadow Sycamore, LP, a Texas limited partnership, and/or its affiliates collectively, in an amount not to exceed $13,500,000.00 (“Grant”) in consideration of The Meadow Project, a mixed-income, transit-oriented, and permanent supportive multi-family residential development project on approximately 2.3 acres of real property addressed as 8130 Meadow Road (“Property”), in accordance with the Economic Development Incentive Policy - Total not to exceed $13,500,000.00 - Financing: Economic Development (G) Fund (2024 General Obligation Bond Fund) ($13,500,000.00) (subject to annual appropriations) *In alignment with Economic Development Incentive Policy.

Committee

Office of Economic Development

Requested by

Office of Economic Development (ECO)

Introduced

March 30, 2026

On agenda

April 22, 2026

Enactment no.

26-0709; APPROVED AS AN INDIVIDUAL ITEM

Where it was heard

City Council Apr 22, 2026