File #: 25-1109    Version: 1 Name:
Type: Resolution Status: Passed
File created: 7/10/2025 In control: City Council
On agenda: 7/22/2025 Final action: 7/22/2025
Title: Resolution authorizing the execution of a Chapter 380 Incentive Agreement with Cinergy 112, LLC to provide a rebate of up to $4,150,000 of City of Corpus Christi ad valorem taxes and city sales taxes over a 15-year period for the development of Cinergy Family Entertainment Center, located at the corner of Rodd Field Road and South Padre Island Drive (SPID) in District 4.
Sponsors: Economic Development
Attachments: 1. Agenda Memo- Cinergy, 2. Resolution Cinergy, 3. Legal 7.15.25 CLEAN CC-CINERGY 112 380 Incentive Agreement (002), 4. Cinergy Presentation

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Resolution authorizing the execution of a Chapter 380 Incentive Agreement with Cinergy 112, LLC to provide a rebate of up to $4,150,000 of City of Corpus Christi ad valorem taxes and city sales taxes over a 15-year period for the development of Cinergy Family Entertainment Center, located at the corner of Rodd Field Road and South Padre Island Drive (SPID) in District 4.