CONSULTINGONGOING

Oak Point Retains P3Works to Administer TIRZ No. 1

The City of Oak Point continues its engagement of P3Works as the initial Administrator for Reinvestment Zone Number One under an Amended and Restated Final Project and Finance Plan adopted July 29, 2026. P3Works will oversee administration and implementation of an estimated $54.8 million in TIRZ-funded public improvements, PID-related financing, and economic development grants through 2056, funded by the City’s tax increment contributions.

Status
ONGOING
Document date
July 29, 2026
Contract type
CONSULTING
Vendor
P3WORKS
Agency
City of Oak Point · TX

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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
$54,775,241 (total estimated Project Costs financed through the Zone over its term)
Contract type
CONSULTING
Contract term
From creation of the Zone through December 31, 2056, with last payment due by January 31, 2057
Renewal date
2057-01-31
Renewal
The administrator designation is embedded in the TIRZ Amended and Restated Final Project and Finance Plan as the "initial Administrator" and runs for the duration of the zone unless modified by future Council or Board action consistent with Chapter 311, Texas Tax Code.
Document type
AgendaPacket
Source document
City of Oak Point TIRZ Board Agenda Packet 2026-07-29

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the consulting contract by City of Oak Point?

P3WORKS was awarded this consulting contract by City of Oak Point, as recorded on July 29, 2026. The contract value is $54,775,241 (total estimated Project Costs financed through the Zone over its term).

How much is the P3WORKS contract with City of Oak Point worth?

The P3WORKS contract with City of Oak Point is valued at $54,775,241 (total estimated Project Costs financed through the Zone over its term), covering consulting work.

What type of contract is this?

This is a Consulting contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Oak Point TIRZ Board Agenda Packet 2026-07-29 (AgendaPacket), dated July 29, 2026 from City of Oak Point. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does P3WORKS hold?

P3WORKS may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Oak Point currently buying?

Explore City of Oak Point's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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