A Resolution of the City Council of the City of Laredo, Texas approving a Chapter 380 Agreement between the City of Laredo and Clear Choice Hospital LLC., pursuant to an economic development incentive under Chapter 380 of the Texas Local Government Code and authorizing the City Manager to execute all relevant documents, and any other matters incident thereto; providing for severability; providing for an effective date; and providing for publication. The 8 year agreement obligates Clear Choice LLC to invest an aggregate estimated amount of $125,500,000.00 for the construction of a Hospital and create at least 100 new full-time permanent jobs. Rebates will be based on performance.

Resolution Filed Introduced July 16, 2024

What this record is

Held by: Clear Choice LLC
Runs until: July 16, 2032 6 years away calculated from the contract term stated in the record
Type: contract
Field: Construction

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