File #: 24-194    Version: 1 Name:
Type: Other Business Status: Agenda Ready
File created: 1/29/2024 In control: City Council
On agenda: 2/13/2024 Final action:
Title: Discussion and action that the City Manager, or designee, be authorized to sign a Tax Increment Reinvestment Zone Reimbursement Agreement between the City of El Paso and Jordan Foster Construction ("Contractor"), to reimburse Contractor for the construction, installation, and implementation of street improvements contained within the public right-of-way and generally located on W. Main Drive between N. Santa Fe Street and N. El Paso Street (the "Project"). Said reimbursement is limited to costs incurred by Contractor in connection with the Project and shall not exceed $830,000.00.
Attachments: 1. 2024.02.13 TIRZ Funding Agreement, 2. CC 41 - TIRZ 5 Reimbursement Agreement
Related files: 23-283
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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CITY OF EL PASO, TEXAS

LEGISTAR AGENDA ITEM SUMMARY FORM

 

 

DISTRICT, DEPARTMENT, CONTACT INFORMATIOn:

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Details

District 8

Economic and International Development, Karina Brasgalla, (915) 212-1517

Capital Improvement Department, Daniela Quesada, (915) 212-1826

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AGENDA LANGUAGE:

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Title

Discussion and action that the City Manager, or designee, be authorized to sign a Tax Increment Reinvestment Zone Reimbursement Agreement between the City of El Paso and Jordan Foster Construction (“Contractor”), to reimburse Contractor for the construction, installation, and implementation of street improvements contained within the public right-of-way and generally located on W. Main Drive between N. Santa Fe Street and N. El Paso Street (the “Project”). Said reimbursement is limited to costs incurred by Contractor in connection with the Project and shall not exceed $830,000.00.

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