El Paso City Council Agenda November 19 2024
Economic Incentive Agreement with Popular Building El Paso LLC
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Description
El Paso City Council approved an economic development agreement with POPULAR BUILDING EL PASO LLC for a downtown multi-family housing project. The city provides up to $6,720,000 in incentives and notes for a minimum $35 million investment.
Contract Details
Contract Amount
City incentives up to $2,720,000 (plus $4,000,000 Development Note); applicant to invest $35,000,000
Vendor
POPULAR BUILDING EL PASO LLC
Agency
El Paso International Airport Advisory Board, TX
Contract Type
OTHER
Document Date
November 19, 2024
Renewal Info
Performance-based; project-specific incentives. 10-year note included.
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