2024-R-321
A Resolution of the City Council of the City of Laredo, Texas authorizing and approving a fee waiver and a tax abatement agreement between the City of Laredo and Isabel Jimenez for a proposed new construction project located at 918 Laredo Street, Laredo, Texas, Lot 6, Block 555, Eastern Division that consists of new construction of multi-family, in accordance with authorized guidelines and criteria established for the neighborhood empowerment zone (NEZ). This agreement will be for a ten (10) year period and will abate taxes on new improvements for the purpose of economic development. The project has an estimated capital investment total of $700,000.00, estimated annual tax abatement total of $3,569.03 and estimated total fee waivers of $5,716.00. Guidelines and criteria for the agreement are set forth in the attached agreement and information.
What this record is
- Amount
- $4K
- Runs until
- September 19, 2034 8 years away date calculated from a contract term stated in the record, not quoted directly
- 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
- Requested by
- Planning & Zoning
- Introduced
- September 19, 2024
- On agenda
- January 28, 2025
Where it was heard
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