File #: 20-1325    Version: 1 Name:
Type: Motion Status: Passed
File created: 10/21/2020 In control: City Council
On agenda: 10/27/2020 Final action: 10/27/2020
Title: Motion to approve a Development Reimbursement Agreement with South Padre Investment, Inc. for reimbursement of infrastructure costs related to the development of the Bohemian Colony, located in Tax Increment Reinvestment Zone Number 5, up to $17,000,000 or a maximum of 20 years, whichever is less.
Sponsors: Finance & Procurement
Attachments: 1. Agenda Memo - Development Reimbursement Agreement, 2. Draft TIRZ #5 Reimbursement Agreement Final Clean Copy

Title

Motion to approve a Development Reimbursement Agreement with South Padre Investment, Inc. for reimbursement of infrastructure costs related to the development of the Bohemian Colony, located in Tax Increment Reinvestment Zone Number 5, up to $17,000,000 or a maximum of 20 years, whichever is less.