File #: 22-0604    Version: 1 Name:
Type: Motion Status: Passed
File created: 3/24/2022 In control: City Council
On agenda: 4/12/2022 Final action: 4/12/2022
Title: Motion authorizing an amendment to the Development Reimbursement Agreement with South Padre Investment, Inc., located in Tax Increment Reinvestment Zone No. 5, to extend the project start deadline from April 30, 2022, to April 30, 2024, and extend all other milestones for additional two years.
Sponsors: Finance & Procurement
Attachments: 1. Agenda Memo-Amendment #1 4.12.22.pdf, 2. Amendment No 1 - BoCo TIRZ #5 Agreement DRAFT, 3. TIRZ Extension Letter Request, 4. Presentation - Development Reimbursement Agreement - Amendment

Title

Motion authorizing an amendment to the Development Reimbursement Agreement with South Padre Investment, Inc., located in Tax Increment Reinvestment Zone No. 5, to extend the project start deadline from April 30, 2022, to April 30, 2024, and extend all other milestones for additional two years.