FINANCIAL_SERVICESAPPROVED

Amarillo MPO Awards Financial Services Contract to Rillo Investments Llc (April 2026)

The City Council approved a Center City TIRZ #1 developer agreement with Rillo Investments, LLC for construction of a 122-room Hampton Inn Hotel with a minimum $28 million investment. In return, the developer will receive a 10-year, 100% property tax rebate and an infrastructure and site-improvement grant capped at $900,000.

Status
APPROVED
Document date
April 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Rillo Investments Llc
Agency
Amarillo MPO · TX

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not less than $28 million private investment; up to 100% tax rebate for 10 years plus grant not to exceed $900,000
Contract type
FINANCIAL_SERVICES
Contract term
10-year 100% annual property tax rebate period
Renewal
Provides a 10-year property tax rebate period and a grant up to $900,000; additional renewal terms not specified.
Document type
Agenda
Source document
City of Amarillo City Council Regular Meeting Agenda April 28, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Amarillo MPO?

Rillo Investments Llc was awarded this financial services contract by Amarillo MPO, as recorded on April 28, 2026. The contract value is Not less than $28 million private investment; up to 100% tax rebate for 10 years plus grant not to exceed $900,000.

How much is the Rillo Investments Llc contract with Amarillo MPO worth?

The Rillo Investments Llc contract with Amarillo MPO is valued at Not less than $28 million private investment; up to 100% tax rebate for 10 years plus grant not to exceed $900,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Amarillo City Council Regular Meeting Agenda April 28, 2026 (Agenda), dated April 28, 2026 from Amarillo MPO. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rillo Investments Llc hold?

Rillo Investments 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.

View Rillo Investments Llc's profile

What is Amarillo MPO currently buying?

Explore Amarillo MPO's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Amarillo MPO's profile

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