Olivarez Organization, LLC, receives $42M economic reimbursement agreement
City of MercedesCity · Mercedes, TX- Disclosed value
- $42,090,840
- From agenda
- Document date
- Aug 5, 2025
- Term
- 34 years
The 30-second brief
The City of Mercedes enters into an economic development agreement with Olivarez Organization, LLC, providing reimbursements for investments in public infrastructure related to Subdivision 16. The total reimbursement is estimated to be $42,090,840 including estimated interest, to be paid from tax incremental revenues collected over 34 years
Olivarez Organization holds this economic development reimbursement contract with City of Mercedes.
Term as filed: 34 years.
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Contract details
- Contract type
- Economic Development Reimbursement
- Amount
- $42,090,840
- Document date
- August 5, 2025
- Term
- 34 years
- Vendor
- Olivarez Organization
- Agency
- City of Mercedes
- Source document
- city-of-mercedes-city-commission-regular-meeting-agenda-august-5-2025_543.pdf (Agenda)
Olivarez Organization's other public contracts
More City of Mercedes contracts
Questions about this contract
Who was awarded the economic development reimbursement contract by City of Mercedes?
Olivarez Organization was awarded this economic development reimbursement contract by City of Mercedes, as recorded on August 5, 2025. The contract value is $42,090,840.
How much is the Olivarez Organization contract with City of Mercedes worth?
The Olivarez Organization contract with City of Mercedes is valued at $42,090,840, covering economic development reimbursement work.
What type of contract is this?
This is a Economic Development Reimbursement contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-mercedes-city-commission-regular-meeting-agenda-august-5-2025_543.pdf (Agenda), dated August 5, 2025 from City of Mercedes. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Olivarez Organization hold?
Olivarez Organization may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Mercedes currently buying?
Explore City of Mercedes's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.