2025-R-67
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 Luis Alfredo Castillo for a proposed project located at 2416 Ventura St, Lot 2, Block 624, Western Division that consists of residential single family, in accordance with authorized guidelines and criteria established for the Neighborhood Empowerment Zone (NEZ). This agreement will be for a year period and will abate taxes on new improvements for the purpose of economic development. The project has an estimated capital investment total of $178,000.00, estimated annual tax abatement total of $507.62 and estimated total fee waivers of $970.00. Guidelines and criteria for the agreement are set forth in the attached agreement and information. This project is located within City Council District VIII.
What this record is
- Amount
- $508
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- 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
- Planning & Zoning
- Introduced
- February 19, 2025
- On agenda
- March 3, 2025
Where it was heard
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