City to Weigh Tax Abatement Deal with Developer

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.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Two years from the date of adoption of the tax abatement guidelines

Renewal

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.

Document type

Agenda

Source document

City of Mart Governing Body Meeting Agenda May 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Mart city?

Mid Central Development Inc was awarded this financial services contract by City of Mart city, as recorded on May 11, 2026.

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 Mart Governing Body Meeting Agenda May 2026 (Agenda), dated May 11, 2026 from City of Mart city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mid Central Development Inc hold?

Mid Central Development Inc 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 Mid Central Development Inc's profile

What is City of Mart city currently buying?

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

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