City of Castroville Regular Called Meeting Agenda April 2026
City Updates Flat Creek Development Agreement Terms
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Description
Castroville considered a Second Amendment to its development agreement with KF Flat Creek, LP that caps PID bond issuance at $25 million, tightens value‑to‑lien safeguards, and updates utility service and financing provisions. The changes refine the Flat Creek project’s financial structure without immediate budget impact to the City.
Contract Details
Contract Amount
Not to exceed $25,000,000 in aggregate PID bond principal
Vendor
KF FLAT CREEK LP
Agency
City of Castroville, TX
Contract Type
OTHER
Document Date
April 28, 2026
Renewal Info
This amendment modifies an existing long‑term development agreement; future amendments or extensions will require additional council action.
More from KF FLAT CREEK LP
Related Contracts
City of Castroville City Council Regular Called Meeting Agenda 2026-05-12
PENDINGCity of Castroville City Council Regular Called Meeting Agenda Packet
AMENDEDCity of Castroville City Council Regular Meeting Minutes April 2026
TABLEDCity of Castroville Council Regular Called Meeting Agenda April 2026
PENDINGcity-of-castroville-planning-and-zoning-commission-meeting-agenda_d4f.pdf
AMENDEDMore from City of Castroville
City of Castroville City Council Regular Called Meeting Agenda 2026-05-12
City of Castroville City Council Regular Called Meeting Agenda 2026-05-12
City of Castroville City Council Regular Called Meeting Agenda 2026-05-12
City of Castroville City Council Regular Called Meeting Agenda Packet
City of Castroville City Council Regular Called Meeting Agenda Packet
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