Legislation Details

File #: 26-1738    Version: 1 Name:
Type: Resolution Status: To Be Introduced
File created: 11/4/2026 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 11/10/2026 Final action:
Title: Motion to approve a 2nd amendment to the TIRZ #3 Downtown Development Reimbursement Agreement with YC Texas Hotel, LLC, for Hilton Spark hotel located at 601 N. Water Street, with no change to the previously approved incentive not to exceed $2,158,500, to extend the Completion Date by six months, from December 30, 2026, to June 30, 2027, effective upon signature by the City Manager or designee, with funding available from the TIRZ #3 Targeted Vacant Building Improvement Program and the Streetscape and Safety Improvement Program.
Attachments: 1. TIRZ 3 Agenda Memo - 2nd Amendment to Spark by Hilton, 2. TRIZ extension Request 10-3-26, 3. Hotel Spark - Amendment No 2, 4. Presentation- 2nd Amendment for Hilton Spark
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Motion to approve a 2nd amendment to the TIRZ #3 Downtown Development Reimbursement Agreement with YC Texas Hotel, LLC, for Hilton Spark hotel located at 601 N. Water Street, with no change to the previously approved incentive not to exceed $2,158,500, to extend the Completion Date by six months, from December 30, 2026, to June 30, 2027, effective upon signature by the City Manager or designee, with funding available from the TIRZ #3 Targeted Vacant Building Improvement Program and the Streetscape and Safety Improvement Program.