FINANCIAL_SERVICESRECOMMENDED

TIF Payment Recommended to Charter DW Watters Creek Village LLC

The Allen TIF #1 Board recommends a payment of $847,623.36 from the TIF Fund to Charter DW Watters Creek Village, LLC, covering both City and County increments as part of the developer reimbursement obligations. This payment supports structured parking and priority projects under the current development agreements.

Status
RECOMMENDED
Document date
May 8, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Charter Dw Watters Creek Village Llc
Agency
City of Allen · 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
$620,109.91 (City tax increment) + $227,513.45 (County tax increment) = $847,623.36 total
Contract type
FINANCIAL_SERVICES
Contract term
One-time payment for FY2025 (May 2025 approval); property tax abatement continues until January 1, 2031
Renewal date
2031-01-01
Renewal
Annual payments under the Amended and Restated Development Agreement; property tax abatement scheduled through January 1, 2031; agreement assigned from Watters Creek Owner, LLC in April 2022.
Document type
Agenda
Source document
City of Allen Tax Increment Financing Zone No. 1 Board of Directors Agenda May 2025

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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 Allen?

Charter Dw Watters Creek Village Llc was awarded this financial services contract by City of Allen, as recorded on May 8, 2025. The contract value is $620,109.91 (City tax increment) + $227,513.45 (County tax increment) = $847,623.36 total.

How much is the Charter Dw Watters Creek Village Llc contract with City of Allen worth?

The Charter Dw Watters Creek Village Llc contract with City of Allen is valued at $620,109.91 (City tax increment) + $227,513.45 (County tax increment) = $847,623.36 total, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Allen Tax Increment Financing Zone No. 1 Board of Directors Agenda May 2025 (Agenda), dated May 8, 2025 from City of Allen. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Charter Dw Watters Creek Village Llc hold?

Charter Dw Watters Creek Village 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 Charter Dw Watters Creek Village Llc's profile

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