City of Dallas Council Agenda 2026-06-10
Dallas Approves Ten-Year Tax Abatement for Amarumayu
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Description
The City of Dallas will execute a ten-year business personal property tax abatement agreement with Amarumayu, LLC and/or affiliates. The deal provides an abatement on 50% of the increased taxable value, with an estimated $1,380,448.00 in City revenue foregone over the term.
Contract Details
Contract Amount
Estimated Revenue Foregone $1,380,448.00 over a ten-year period
Vendor
AMARUMAYU LLC AND/OR AFFILIATES
Agency
City of Dallas city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
10 years
Renewal Info
Ten-year fixed abatement term; any extension or new abatement would require separate council action.
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