2025-R-66
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 Roberto Garza for a proposed multi-family project located at 3502 S. Urbahn Ave., Lot 2, Block X14A, Eastern Division that consists of new construction, 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 $2,939,799.00, estimated annual tax abatement total of $14,923.10 and estimated total fee waivers of $15,185.00. Guidelines and criteria for the agreement are set forth in the attached agreement and information. This project is located within City Council District II.
What this record is
- Amount
- $15K
- Runs until
- February 18, 2035 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
- February 18, 2025
- On agenda
- March 3, 2025
Where it was heard
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