FINANCIAL_SERVICESPENDING

TIRZ 380 Incentive Agreement for MM Platinum Ranch

The Gunter TIRZ No. 3 Board is considering authorization of a Chapter 380 Economic Development Agreement with MM Platinum Ranch LLC, dedicating a portion of the City's TIRZ tax increment to an economic development grant. The agreement would run for up to 40 years or until $157 million in TIRZ-funded grants have been paid, to support infrastructure and development within the Platinum Ranch project.

Document date · May 18, 2026

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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
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
Up to $157,000,000.00 (TIRZ grant funded by 33.37% of City's ad valorem tax increment after administrative expenses)
Contract type
FINANCIAL_SERVICES
Contract term
Up to forty (40) years from execution, or until cumulative City TIRZ increment in the TIRZ Fund (including interest) totals $157,000,000.00, whichever occurs first
Renewal date
2065-12-31
Renewal
Agreement term ends upon the earlier of 40 years from execution or when cumulative TIRZ increment deposited (including interest) reaches $157,000,000; no automatic renewal beyond this cap and term.
Document type
AgendaPacket
Source document
City of Gunter TIRZ No. 3 Board Meeting Agenda Packet May 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 City of Gunter?

Mm Platinum Ranch Llc was awarded this financial services contract by City of Gunter, as recorded on May 18, 2026. The contract value is Up to $157,000,000.00 (TIRZ grant funded by 33.37% of City's ad valorem tax increment after administrative expenses).

How much is the Mm Platinum Ranch Llc contract with City of Gunter worth?

The Mm Platinum Ranch Llc contract with City of Gunter is valued at Up to $157,000,000.00 (TIRZ grant funded by 33.37% of City's ad valorem tax increment after administrative expenses), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Gunter TIRZ No. 3 Board Meeting Agenda Packet May 2026 (AgendaPacket), dated May 18, 2026 from City of Gunter. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mm Platinum Ranch Llc hold?

Mm Platinum Ranch 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 Mm Platinum Ranch Llc's profile

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