San Jacinto Enterprises, LLC, receives $50M economic reimbursement agreement
City of MercedesCity · Mercedes, TX- Disclosed value
- $50,015,362
- From agenda
- Document date
- Aug 5, 2025
- Term
- 34 years
The 30-second brief
The City of Mercedes enters into an economic development agreement with San Jacinto Enterprises, LLC, providing reimbursements for investments in public infrastructure related to Subdivision 12. The total reimbursement is estimated to be $50,015,362, including interest payments, to be paid from tax incremental revenues collected over 34 years.
San Jacinto Enterprises LLC holds this economic development reimbursement contract with City of Mercedes.
Term as filed: 34 years.
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Contract details
- Contract type
- Economic Development Reimbursement
- Amount
- $50,015,362
- Document date
- August 5, 2025
- Term
- 34 years
- Agency
- City of Mercedes
- Source document
- city-of-mercedes-city-commission-regular-meeting-agenda-august-5-2025_543.pdf (Agenda)
San Jacinto Enterprises LLC's other public contracts
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Questions about this contract
Who was awarded the economic development reimbursement contract by City of Mercedes?
San Jacinto Enterprises LLC was awarded this economic development reimbursement contract by City of Mercedes, as recorded on August 5, 2025. The contract value is $50,015,362.
How much is the San Jacinto Enterprises LLC contract with City of Mercedes worth?
The San Jacinto Enterprises LLC contract with City of Mercedes is valued at $50,015,362, covering economic development reimbursement work.
What type of contract is this?
This is a Economic Development Reimbursement contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-mercedes-city-commission-regular-meeting-agenda-august-5-2025_543.pdf (Agenda), dated August 5, 2025 from City of Mercedes. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does San Jacinto Enterprises LLC hold?
San Jacinto Enterprises LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Mercedes currently buying?
Explore City of Mercedes's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.