2025-R-69
A Resolution of the City Council of the City of Laredo, Texas approving a Chapter 380 Agreement between the City of Laredo and Arms LTD and affiliate Aarav LLC., pursuant to an economic development incentive under Chapter 380 of the Texas Local Government Code and authorizing the City Manager to execute all relevant documents, and any other matters incident thereto; providing for severability; providing for an effective date; and providing for publication. The 10 year agreement obligates the Company to invest an aggregate estimated amount of $37,000,000.00 for the construction of a flagship hotel and create at least 30 new full-time permanent jobs.
What this record is
- Held by
- Aarav LLC
- Runs until
- February 19, 2035 8 years away calculated from the contract term stated in the record
- Type
- contract
- Field
- Construction
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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
- February 19, 2025
- On agenda
- April 22, 2025