2025-R-178
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 Aaron Gonzalez for a proposed project located at 2907 San Luis, E1/3-3 & w1/3-4 BLK 1760 Ed that consists of multi-family. In accordance with authorized guidelines and criteria established for the neighborhood empowerment zone (NEZ) 2 this agreement will be for a ten year period and will abate taxes on new improvements for the purpose of economic development. The project has an estimated capital investment total of $650,000.00, estimated annual tax abatement total of $3,299.55 and estimated total fee waiver of $6,701.00. Guidelines and criteria for the agreement are set forth in the attached agreement and information.
What this record is
- Amount
- $3K
- Runs until
- July 11, 2035 9 years away date calculated from a contract term stated in the record, not quoted directly
- Type
- contract
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- City Council
- Requested by
- Economic Development
- Introduced
- July 11, 2025
- On agenda
- August 4, 2025
Where it was heard
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