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 Salvador Nino for a proposed project located at 3309 E. Saunders, Abst 241 Por 28 E Martinez 11.65 ACS (Hwy 59 frontage) that consists of new construction, in accordance with authorized guidelines and criteria established for the Neighborhood Empowerment Zone (NEZ) #4. This agreement will be for a period of ten years and will abate taxes on new improvements for the purpose of economic development. The project has an estimated capital investment total of $17,375,000.00, estimated annual tax abatement total of $87,902.00, and estimated total fee waivers of $137,977.00. Guidelines and criteria for the agreement are set forth in the attached agreement and information. This project is located within City Council District 4.

Resolution Agenda Ready Introduced October 22, 2025

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