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.

Resolution Agenda Ready Introduced February 19, 2025

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