2025-R-149
A Resolution of the City Council of the City of Laredo, Texas approving a Chapter 380 Agreement between the City of Laredo and Killam Development Ltd., pursuant to an economic development incentive under Chapter 380 of the Texas Local Government Code, and any other matters incident thereto; to promote economic development and stimulate business and downtown revitalization; establishing performance requirements; and authorizing the City Manager to execute said agreement on behalf of the City; providing for severability; providing for an effective date; and providing for publication. The 10 year agreement obligates the Company to invest an aggregate estimated amount of $40,720,000.00 towards acquisition, revitalization, construction and completion of the project.
- Committee
- City Council
- Requested by
- Economic Development
- Introduced
- May 16, 2025
- On agenda
- June 2, 2025