Original TIRZ 380 Agreement Assigned From Pershing

Pershing Development, LLC’s January 22, 2025 TIRZ Chapter 380 Grant Agreement with the City of Arlington and TIRZ 1 is being amended and restated and its rights and obligations assigned to Balfour Flats Venture, LP. The action modifies deadlines, incentive terms, and default/recapture provisions for the downtown redevelopment project.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Original Agreement executed January 22, 2025; term superseded and assigned

Renewal

Original Agreement dated January 22, 2025 is amended and restated and fully assigned to Balfour Flats Venture LP with City and TIRZ consent; subsequent obligations will be governed by the new amended and restated agreement.

Document type

Resolution

Source document

City of Arlington Resolution Authorizing the Execution of Amended and Restated TIRZ Chapter 380 Grant Agreement 2026-08-04

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City of Arlington Staff Report Balfour Flats Venture, LP – Amended and Restated TIRZ Chapter 380 Grant Agreement 2026-08-04

AMENDED

City of Arlington, Texas$1,550,000 (original grant), increased to $2,250,000 under amendmentAug 3, 2026

City of Arlington Tax Increment Reinvestment Zone Number One Agenda Packet 2026-06-25

APPROVED

City of Arlington, TexasJun 25, 2026

City of Arlington Tax Increment Reinvestment Zone Number One Agenda Packet 2026-06-25

APPROVED

City of Arlington, TexasJun 25, 2026

city-of-arlingtonagenda2024-12-17_375.pdf

APPROVED

City of Arlington, TexasDec 17, 2024

city-of-arlington-council-meeting-minutes-december-17-2024_0b2.md

APPROVED

City of Arlington, TexasDec 17, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Arlington?

Pershing Development Llc was awarded this government contract by City of Arlington, as recorded on August 3, 2026.

What type of contract is this?

This is a government contract, documented as a resolution record.

Where was this contract approved?

This contract appears in City of Arlington Resolution Authorizing the Execution of Amended and Restated TIRZ Chapter 380 Grant Agreement 2026-08-04 (Resolution), dated August 3, 2026 from City of Arlington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pershing Development Llc hold?

Pershing Development 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 Pershing Development Llc's profile

What is City of Arlington currently buying?

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Original TIRZ 380 Agreement Assigned From Pershing

Scope & details

Related contracts

Frequently asked questions

Who was awarded the government contract by City of Arlington?

What type of contract is this?

Where was this contract approved?

What other contracts does Pershing Development Llc hold?

What is City of Arlington currently buying?

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