FINANCIAL_SERVICESAPPROVED

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

Amarillo City Council approved a Center City TIRZ #1 developer agreement with Rillo Investments, LLC for a new 122-room Hampton Inn with at least $28 million in private investment. In return, the developer will receive a 10-year 100% property tax rebate and up to $900,000 in grant funding for infrastructure, facade improvements, environmental remediation, or demolition.

Status
APPROVED
Document date
April 24, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Rillo Investments Llc
Agency
city of Amarillo · 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; not to exceed $900,000 grant plus 10-year 100% property tax rebate
Contract type
FINANCIAL_SERVICES
Contract term
10 years of 100% annual property tax rebate after project completion
Renewal date
2036-12-31
Renewal
Agreement includes a 10-year property tax rebate period; no explicit renewal options for the incentive term referenced in the agenda text.
Document type
Agenda
Source document
City of Amarillo Council Regular Meeting Agenda April 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 Amarillo?

Rillo Investments Llc was awarded this financial services contract by city of Amarillo, as recorded on April 24, 2026. The contract value is Not less than $28 million private investment; not to exceed $900,000 grant plus 10-year 100% property tax rebate.

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

The Rillo Investments Llc contract with city of Amarillo is valued at Not less than $28 million private investment; not to exceed $900,000 grant plus 10-year 100% property tax rebate, 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 Council Regular Meeting Agenda April 2026 (Agenda), dated April 24, 2026 from city of Amarillo. 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 city of Amarillo currently buying?

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

View city of Amarillo's profile

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