File #: 24-259    Version: 2 Name:
Type: Other Business Status: Agenda Ready
File created: 2/12/2024 In control: City Council
On agenda: 2/27/2024 Final action:
Title: Discussion and action on a Resolution authorizing the City Manager to sign a Second Amendment to the Chapter 380 Economic Development Program Agreement ("Agreement") by and between the CITY OF EL PASO ("City") and LEGATE CO TEXAS, LLC ("Applicant") for the renovation of a mixed-use building located in downtown El Paso at 201 East San Antonio Avenue, El Paso, Texas 79901. The Amendment will replace Section 3.1.(2) to provide a 6-month extension; and Section 4.A. to reduce the Construction Materials Sales Tax Rebate by ten percent (10%).
Indexes: Goal 1
Attachments: 1. CC 02.27.2024 TOD Amendment Legate, 2. CC 43 - Amendment to TOD Agreement - Legate Texas 2024.02.27
Related files: 22-1462, 23-284

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, Jessica Torres, (915) 212-1699

Economic and international Development, Karina Brasgalla, (915) 212-1570

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AGENDA LANGUAGE:

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Title

Discussion and action on a Resolution authorizing the City Manager to sign a Second Amendment to the Chapter 380 Economic Development Program Agreement (“Agreement”) by and between the CITY OF EL PASO ("City") and LEGATE CO TEXAS, LLC ("Applicant”) for the renovation of a mixed-use building located in downtown El Paso at 201 East San Antonio Avenue, El Paso, Texas 79901. The Amendment will replace Section 3.1.(2) to provide a 6-month extension; and Section 4.A. to reduce the Construction Materials Sales Tax Rebate by ten percent (10%).

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