City of Karnes City Council Meeting Minutes April 2026
Karnes City Approves $5.1M Tax Abatement Project
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Description
Karnes City Council approved a 10-year tax abatement agreement with Krishna Karnes Real Estate, L.L.C. tied to approximately $5.1 million in commercial improvements within Reinvestment Zone No. 1.
Contract Details
Contract Amount
Estimated improvements of $5,100,000.00
Vendor
KRISHNA KARNES REAL ESTATE LLC
Agency
City of Karnes, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 7, 2026
Contract Term
10 years
Renewal Date
2036-04-07
Renewal Info
Initial 10-year abatement term; no explicit renewal or extension provisions described in the minutes.
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