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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.

Resolution Agenda Ready Introduced February 19, 2025

What this record is

Held by
Aarav LLC 2 records across this site
Runs until
February 19, 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.

Aarav LLC also holds

A Resolution of the City Council of the City of Laredo, Texas rescinding Resolution No. 2025-R-69, which authorized the execution of a Chapter 380 Eco… Laredo, TX
Committee
City Council
Requested by
Economic Development
Introduced
February 19, 2025
On agenda
April 22, 2025

Where it was heard

City Council Apr 22, 2025

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