25-570
Discussion and action on a Resolution authorizing the City Manager to sign a Chapter 380 Economic Development Program Agreement by and between CITY OF EL PASO and PADEL PASO PROPERTIES, LLC, to further the municipal purpose of promoting economic development, in support of the construction of a development located on the real property with the following Property IDs 732524 and 732525, El Paso, Texas, 79912 and more fully described in Exhibit A and A-1 of the Agreement. The project includes a paddle court entertainment district and a full-service restaurant. The Agreement requires the Applicant to make a minimum investment of $2,310,000. Over the term of the Agreement, the City shall provide economic incentives not to exceed $45,425 in the form of a Property Tax Rebate; a Development Fee Rebate; and a Construction Materials Sales Tax Rebate.
What this record is
- Amount
- $45K
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Construction
construction 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.
- Committee
- City Council
- Introduced
- April 28, 2025
- On agenda
- May 28, 2025
Where it was heard
City CouncilWatch what El Paso buys
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