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 PAVE Investments, LLC for a proposed multi-family project located at 3119 Saltillo Street, Lot 4A Block 1914 Eastern Division, in accordance with authorized guidelines and criteria established for the Neighborhood Empowerment Zone (NEZ). This agreement will be for a ten (10) year period and will abate taxes on new improvements for the purpose of economic development. The project has an estimated capital investment total of $448,474.40, an estimated annual tax abatement of $2,674.87, and estimated total fee waivers of $3,077.00. Guidelines and criteria applicable to the agreement are set forth in the attached agreement and supporting documentation.

Resolution Agenda Ready Introduced September 4, 2026

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