City of Mart Governing Body Meeting Agenda May 2026
City to Weigh Tax Abatement Deal with Developer
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Description
The City of Mart is scheduled to consider approving a Chapter 312 Tax Abatement Agreement with Mid Central Development, Inc. for development within Reinvestment Zone No. 1 at 1201 E. McLennan Avenue. If adopted, the agreement would authorize the Mayor to execute all necessary documents and apply the City's two-year tax abatement guidelines to the project.
Contract Details
Vendor
MID CENTRAL DEVELOPMENT INC
Agency
City of Mart city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Two years from the date of adoption of the tax abatement guidelines
Renewal Info
Tax abatement guidelines referenced in the agreement are set to be effective for two years from their adoption under Chapter 312 of the Texas Tax Code; specific renewal or extension options for this particular abatement agreement are not described in the agenda.
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